Ooma - OOMA Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ooma in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" OOMA shares.
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2 Wall Street analysts have issued 12 month price objectives for Ooma's shares. Their OOMA share price forecasts range from $18.00 to $24.00. On average, they expect the company's share price to reach $20.25 in the next twelve months. This suggests a possible upside of 61.9% from the stock's current price.
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Ooma's stock was trading at $13.62 at the beginning of the year. Since then, OOMA shares have decreased by 8.1% and is now trading at $12.51.
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Ooma saw a decrease in short interest in March. As of March 15th, there was short interest totaling 397,100 shares, a decrease of 37.2% from the February 28th total of 632,200 shares. Based on an average trading volume of 75,900 shares, the short-interest ratio is presently 5.2 days. Approximately 1.8% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 23rd 2023.
View our OOMA earnings forecast.

Ooma, Inc. (NYSE:OOMA) issued its earnings results on Thursday, March, 2nd. The technology company reported $0.02 EPS for the quarter. The technology company earned $56.50 million during the quarter, compared to analysts' expectations of $56.40 million. Ooma had a negative net margin of 1.69% and a negative trailing twelve-month return on equity of 0.98%.

Ooma issued an update on its first quarter 2023 earnings guidance on Thursday, March, 2nd. The company provided EPS guidance of $0.13-$0.14 for the period, compared to the consensus earnings per share estimate of $0.13. The company issued revenue guidance of $56.40 million-$56.90 million, compared to the consensus revenue estimate of $57.02 million.

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.

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).

(OOMA) raised $85 million in an initial public offering on Friday, July 17th 2015. The company issued 5,000,000 shares at a price of $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.

Ooma trades on the New York Stock Exchange (NYSE) under the ticker symbol "OOMA."

Ooma's stock is owned by a variety of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (3.13%), Lord Abbett & CO. LLC (1.97%), Geode Capital Management LLC (1.65%), JPMorgan Chase & Co. (1.37%), Dimensional Fund Advisors LP (1.24%) and Morgan Stanley (1.18%). Insiders that own company stock include Eric B Stang, James A Gustke, Jenny C Yeh, Ravi Narula and Russell Mann.
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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.
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One share of OOMA stock can currently be purchased for approximately $12.51.

Ooma (NYSE:OOMA) has a market capitalization of $310.25 million and generates $216.16 million in revenue each year. The technology company earns $-3,650,000.00 in net income (profit) each year or ($0.15) on an earnings per share basis.

The company employs 383 workers across the globe.

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.