William Blair Has Strong Forecast for Ooma FY2026 Earnings

Ooma, Inc. (NYSE:OOMA - Free Report) - Research analysts at William Blair raised their FY2026 earnings estimates for shares of Ooma in a note issued to investors on Thursday, May 29th. William Blair analyst A. Bhatia now anticipates that the technology company will earn $0.23 per share for the year, up from their prior estimate of $0.21. The consensus estimate for Ooma's current full-year earnings is ($0.06) per share. William Blair also issued estimates for Ooma's Q1 2027 earnings at $0.07 EPS and Q3 2027 earnings at $0.06 EPS.

Other analysts also recently issued reports about the stock. Benchmark boosted their target price on shares of Ooma from $17.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Lake Street Capital lowered their price objective on shares of Ooma from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $17.63.

Ooma Price Performance

Shares of NYSE:OOMA traded up $0.20 during trading on Monday, reaching $13.17. The company had a trading volume of 119,647 shares, compared to its average volume of 123,253. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 1.08. The firm's fifty day moving average is $12.72 and its 200 day moving average is $13.77. Ooma has a twelve month low of $7.83 and a twelve month high of $17.00. The firm has a market capitalization of $362.92 million, a PE ratio of -35.59 and a beta of 1.21.

Insiders Place Their Bets

In related news, CAO Namrata Sabharwal sold 3,428 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $13.46, for a total transaction of $46,140.88. Following the completion of the sale, the chief accounting officer now directly owns 80,931 shares of the company's stock, valued at approximately $1,089,331.26. This represents a 4.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.90% of the company's stock.

Institutional Trading of Ooma

A number of hedge funds have recently bought and sold shares of OOMA. Prudential Financial Inc. acquired a new position in shares of Ooma in the 4th quarter valued at $363,000. Deutsche Bank AG increased its position in shares of Ooma by 95.4% during the 4th quarter. Deutsche Bank AG now owns 26,182 shares of the technology company's stock worth $368,000 after purchasing an additional 12,780 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in Ooma by 138.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 75,456 shares of the technology company's stock valued at $1,061,000 after acquiring an additional 43,776 shares in the last quarter. Northern Trust Corp increased its position in Ooma by 5.4% in the 4th quarter. Northern Trust Corp now owns 215,579 shares of the technology company's stock valued at $3,031,000 after acquiring an additional 11,107 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Ooma by 284.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 253,016 shares of the technology company's stock valued at $3,557,000 after acquiring an additional 187,245 shares in the last quarter. 80.42% of the stock is owned by institutional investors.

Ooma Company Profile

Ooma, Inc provides communications services and related technologies for businesses and consumers in the United States and Canada. The company's products and services include Ooma Office, a cloud-based multi-user communications system for small and medium-sized businesses; Ooma Connect, which delivers fixed wireless internet connectivity; and Ooma Enterprise, a unified-communications-as-a-service (UCaaS) solution.