NYSE:OOMA

Ooma (OOMA) Stock Forecast, Price & News

$13.13

-0.37 (-2.74%)

(As of 06/2/2023 ET)

Compare

Today's Range: $12.95
▼
$13.38
50-Day Range: $11.81
▼
$13.59
52-Week Range: $10.82
▼
$16.76

Volume: 148,702 shs
Average Volume: 144,217 shs
Market Capitalization: $332.44 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $18.67

Ooma MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 42.2% Upside
$18.67 Price Target
Short Interest: Bearish
1.87% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 700.00%
From $0.02 to $0.16 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.24 out of 5 stars

Computer And Technology Sector

235th out of 609 stocks

Data Processing & Preparation Industry

19th out of 64 stocks

3.5

Analyst's Opinion

Consensus Rating
Ooma has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $18.67, Ooma has a forecasted upside of 42.2% from its current price of $13.13.
Amount of Analyst Coverage
Ooma has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
1.87% of the float of Ooma has been sold short.
Short Interest Ratio / Days to Cover
Ooma has a short interest ratio ("days to cover") of 4.4.
Change versus previous month
Short interest in Ooma has recently increased by 1.68%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Ooma does not currently pay a dividend.
Dividend Growth
Ooma does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for OOMA.

N/A

News and Social Media Coverage

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ooma insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 9.05% of the stock of Ooma is held by insiders.
Percentage Held by Institutions
80.09% of the stock of Ooma is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Ooma are expected to grow by 700.00% in the coming year, from $0.02 to $0.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ooma is -101.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ooma is -101.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Ooma has a P/B Ratio of 5.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Ooma (NYSE:OOMA) Stock

Ooma, Inc. engages in the provision of platforms for cloud-based communications solutions, smart security and other connected services. It helps create smart workplaces and homes by providing communications, monitoring, security, automation, productivity, and networking infrastructure applications. Its products and services include Ooma business and Ooma residential. Ooma business offers small business phone services and enterprise communications. Ooma residential deals with phone services and smart security, and the Talkatone mobile app. The company was founded by Andrew Frame, Dennis Peng and Michael Cerda on November 19, 2003 and is headquartered in Sunnyvale, CA.

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OOMA Stock News Headlines

May 26, 2023 | americanbankingnews.com

Alliance Global Partners Cuts Ooma (NYSE:OOMA) Price Target to $18.00

May 25, 2023 | msn.com

JMP Securities Maintains Ooma (OOMA) Market Outperform Recommendation

June 3, 2023 | Behind the Markets (Ad)

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May 25, 2023 | americanbankingnews.com

Ooma (NYSE:OOMA) Price Target Cut to $20.00 by Analysts at Benchmark

May 24, 2023 | markets.businessinsider.com

Expert Ratings for Ooma

May 24, 2023 | msn.com

Alliance Global Partners Maintains Ooma (OOMA) Buy Recommendation

May 24, 2023 | finance.yahoo.com

Q1 2024 Ooma Inc Earnings Call

May 24, 2023 | markets.businessinsider.com

JMP Securities Keeps Their Buy Rating on Ooma (OOMA)

June 3, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

May 23, 2023 | seekingalpha.com

Ooma Non-GAAP EPS of $0.16 beats by $0.02, revenue of $56.85M beats by $0.35M

May 23, 2023 | finance.yahoo.com

Ooma (OOMA) Q1 Earnings and Revenues Top Estimates

May 23, 2023 | finance.yahoo.com

Ooma Reports Fiscal First Quarter 2024 Financial Results

May 23, 2023 | msn.com

Benchmark Maintains Ooma (OOMA) Buy Recommendation

May 22, 2023 | benzinga.com

Earnings Preview For Ooma

May 22, 2023 | markets.businessinsider.com

Ooma is about to announce its earnings — here's what Wall Street expects

May 22, 2023 | finance.yahoo.com

Ooma and NexHealth Partner to Help Dental Practices Make Patient Phone Calls More Personal

May 21, 2023 | americanbankingnews.com

StockNews.com Begins Coverage on Ooma (NYSE:OOMA)

May 17, 2023 | tmcnet.com

OOMA: VoIP for Business is Still the Best Choice

May 16, 2023 | finance.yahoo.com

Ooma to Attend the 43rd Annual William Blair Growth Stock Conference

May 15, 2023 | finance.yahoo.com

Ooma, Inc. (NYSE:OOMA): Are Analysts Optimistic?

May 11, 2023 | finance.yahoo.com

Ooma to Attend the B. Riley Securities 23rd Annual Institutional Investors Conference

May 10, 2023 | tmcnet.com

Ooma Office Enhances Business Phone Service with New Advanced Capabilities

May 9, 2023 | finance.yahoo.com

Ooma Schedules Release of First Quarter Fiscal 2024 Results

May 9, 2023 | finance.yahoo.com

Ooma Office Extends Its Leadership in Business Phone Service with New Advanced Capabilities Including Call Screening and Distinctive Ringtones

April 25, 2023 | finance.yahoo.com

Ooma AirDial, the Innovative POTS Replacement Solution, Adds Powerful Management Features Including API Integration

April 18, 2023 | entrepreneur.com

Is This the No. 1 Telecom Stock to Own in April?

April 18, 2023 | finance.yahoo.com

Cautious Investors Not Rewarding Ooma, Inc.'s (NYSE:OOMA) Performance Completely

See More Headlines

OOMA Price History

30 days | 90 days | 365 days | Advanced Chart

OOMA Company Calendar

Last Earnings: 12/02/2021
Today: 6/03/2023
Next Earnings (Estimated): 9/07/2023
Fiscal Year End: 1/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Data processing & preparation
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:OOMA
CUSIP: N/A
CIK: 1327688
Web: www.ooma.com
Phone: (650) 566-6600
Fax: N/A
Employees: 383
Year Founded: 2004

Price Target and Rating

Average Stock Price Forecast: $18.67
High Stock Price Forecast: $20.00
Low Stock Price Forecast: $18.00
Forecasted Upside/Downside: +42.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.13)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 656.50
P/E Growth: N/A
Net Income: $-3,650,000.00
Net Margins: -1.44%
Pretax Margin: -2.51%
Return on Equity: 0.48%
Return on Assets: 0.23%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.30
Quick Ratio: 0.84

Sales & Book Value

Annual Sales: $222.68 million
Price / Sales: 1.49
Cash Flow: $0.22 per share
Price / Cash Flow: 60.93
Book Value: $2.55 per share
Price / Book: 5.15

Miscellaneous

Outstanding Shares: 25,319,000
Free Float: 23,028,000
Market Cap: $332.44 million
Optionable: Optionable
Beta: 0.84

Social Links

Key Executives

Eric B. Stang
Chairman, President & Chief Executive Officer

Toby Farrand
Vice President-Operations & Engineering

Shigeyuki Hamamatsu
Chief Financial Officer, Treasurer & VP

Jenny C. Yeh
Secretary, Director, VP & General Counsel

Dennis Peng
Vice President-Product Management

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

OOMA Stock - Frequently Asked Questions

Should I buy or sell Ooma stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ooma in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" OOMA shares.
View OOMA analyst ratings or view top-rated stocks.
What is Ooma's stock price forecast for 2023?: 2 brokerages have issued 1-year price targets for Ooma's stock. Their OOMA share price forecasts range from $18.00 to $20.00. On average, they anticipate the company's stock price to reach $18.67 in the next year. This suggests a possible upside of 42.2% from the stock's current price.
View analysts price targets for OOMA or view top-rated stocks among Wall Street analysts.
How have OOMA shares performed in 2023?: Ooma's stock was trading at $13.62 on January 1st, 2023. Since then, OOMA shares have decreased by 3.6% and is now trading at $13.13.
View the best growth stocks for 2023 here.
When is Ooma's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, September 7th 2023.
View our OOMA earnings forecast.
How were Ooma's earnings last quarter?: Ooma, Inc. (NYSE:OOMA) issued its earnings results on Thursday, December, 2nd. The technology company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.04. The technology company earned $49.20 million during the quarter, compared to analyst estimates of $48.03 million. Ooma had a positive trailing twelve-month return on equity of 0.48% and a negative net margin of 1.44%. The business's revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) EPS.
What guidance has Ooma issued on next quarter's earnings?: Ooma issued an update on its FY 2024 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of $0.55-$0.63 for the period, compared to the consensus earnings per share estimate of $0.59. The company issued revenue guidance of $235.50 million-$238.50 million, compared to the consensus revenue estimate of $236.26 million.
What is Eric Stang's approval rating as Ooma's CEO?: 60 employees have rated Ooma Chief Executive Officer Eric Stang on Glassdoor.com. Eric Stang has an approval rating of 88% among the company's employees.
What other stocks do shareholders of Ooma own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Ooma investors own include Applied Materials (AMAT), Advanced Micro Devices (AMD), Ford Motor (F), Alibaba Group (BABA), Citigroup (C), Salesforce (CRM), Cisco Systems (CSCO), KeyCorp (KEY), Pfizer (PFE) and AT&T (T).

When did Ooma IPO?: (OOMA) raised $85 million in an initial public offering (IPO) on Friday, July 17th 2015. The company issued 5,000,000 shares at $16.00-$18.00 per share. Credit Suisse and BofA Merrill Lynch served as the underwriters for the IPO and JMP Securities, William Blair and Wunderlich were co-managers.
What is Ooma's stock symbol?: Ooma trades on the New York Stock Exchange (NYSE) under the ticker symbol "OOMA."
Who are Ooma's major shareholders?: Ooma's stock is owned by many different institutional and retail investors. Top institutional shareholders include Trigran Investments Inc. (13.33%), BlackRock Inc. (12.01%), Wellington Management Group LLP (4.29%), Renaissance Technologies LLC (3.26%), Royce & Associates LP (2.82%) and Russell Investments Group Ltd. (1.88%). Insiders that own company stock include Eric B Stang, James A Gustke, Jenny C Yeh, Ravi Narula and Russell Mann.
View institutional ownership trends.
How do I buy shares of Ooma?: Shares of OOMA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Ooma's stock price today?: One share of OOMA stock can currently be purchased for approximately $13.13.
How much money does Ooma make?: Ooma (NYSE:OOMA) has a market capitalization of $332.44 million and generates $222.68 million in revenue each year. The technology company earns $-3,650,000.00 in net income (profit) each year or ($0.13) on an earnings per share basis.
How many employees does Ooma have?: The company employs 383 workers across the globe.
Does Ooma have any subsidiaries?: The following companies are subsidiares of Ooma: Broadsmart Global, Broadsmart Global Inc., Butterfleye, Ooma Australia Pty Ltd., Ooma Canada Inc., Ooma Columbia S.A.S., Ooma International Ltd., Ooma International Operations LLC, Ooma Ireland Limited, Ooma Peru S.A.C., Oomazing Telecom, Talkatone, Talkatone LLC, Voxter, and Voxter Communications Inc..
Read More
How can I contact Ooma?: Ooma's mailing address is 525 ALMANOR AVENUE SUITE 200, SUNNYVALE CA, 94085. The official website for the company is www.ooma.com. The technology company can be reached via phone at (650) 566-6600 or via email at ir@ooma.com.

This page (NYSE:OOMA) was last updated on 6/3/2023 by MarketBeat.com Staff

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