NYSE:OOMA

Ooma - OOMA Stock Forecast, Price & News

$13.75

+0.47 (+3.54%)

(As of 08/15/2022 12:00 AM ET)

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Today's Range: $13.22
▼
$13.76
50-Day Range: $11.03
▼
$13.75
52-Week Range: $10.82
▼
$24.28

Volume: 56,877 shs
Average Volume: 87,677 shs
Market Capitalization: $334.13 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $23.25

Ooma MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 69.1% Upside
$23.25 Price Target
Short Interest: Healthy
3.52% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.28
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.16) to ($0.06) Per Share

Overall MarketRank^™

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

1.99 out of 5 stars

Computer And Technology Sector

467th out of 664 stocks

Data Processing & Preparation Industry

55th out of 73 stocks

3.4

Analyst's Opinion

Consensus Rating
Ooma has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $23.25, Ooma has a forecasted upside of 69.1% from its current price of $13.75.
Amount of Analyst Coverage
Ooma has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.52% 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 9.3.
Change versus previous month
Short interest in Ooma has recently decreased by 2.42%, indicating that investor sentiment is improving.

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.

1.8

News and Social Media Coverage

News Sentiment
Ooma has a news sentiment score of 0.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Ooma this week, compared to 3 articles on an average week.
Search Interest
Only 2 people have searched for OOMA on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

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 8.45% of the stock of Ooma is held by insiders.
Percentage Held by Institutions
83.66% of the stock of Ooma is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Ooma are expected to grow in the coming year, from ($0.16) to ($0.06) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ooma is -229.17, 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 -229.17, 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 6.40. 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. 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 Office Pro that offers services, including HD video meetings, call recording, enhanced call blocking, and voicemail transcription; Ooma Connect, which delivers fixed wireless internet connectivity; Ooma Managed Wi-Fi, a plug-and-play enterprise-grade Wi-Fi solution; and Ooma Enterprise, a unified-communications-as-a-service solution. It also provides Ooma AirDial, a plain old telephone service; Ooma Telo basic that provides unlimited personal calling within the Unites States; Ooma Premier, a suite of advanced calling features on a monthly or annual subscription basis; PureVoice HD, a residential phone services; Ooma Telo, a home communications solution designed to serve as the primary phone line in the home; and Ooma Telo 4G, which combines the Ooma Telo base station with the Ooma 4G Cellular Adapter and battery back-up. In addition, the company offers Ooma Mobile HD app that allows users to make and receive phone calls and access Ooma features and settings; Ooma Telo Air, a wireless Ooma Telo with built-in Wi-Fi and Bluetooth; Ooma Smart Security, a security and monitoring platform; and Talkatone mobile app. It offers its products through direct sales, distributors, retailers, and resellers, as well as online. Ooma, Inc. was incorporated in 2003 and is headquartered in Sunnyvale, California.

Analyst Ratings Changes

OOMA has been the subject of a number of analyst reports. Northland Securities dropped their target price on shares of Ooma to $19.00 in a report on Wednesday, May 25th. Alliance Global Partners lowered their target price on shares of Ooma from $25.00 to $21.00 and set a "buy" rating for the company in a report on Wednesday, May 25th. JMP Securities lowered shares of Ooma from a "market outperform" rating to a "market perform" rating and lowered their target price for the company from $24.00 to $20.00 in a report on Wednesday, May 25th. StockNews.com raised shares of Ooma from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 12th. Finally, Benchmark cut their target price on shares of Ooma to $27.00 in a research report on Friday, May 20th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $23.25.

Ooma Stock Up 3.5 %

OOMA Stock traded up $0.47 during mid-day trading on Monday, hitting $13.75. The company had a trading volume of 56,877 shares, compared to its average volume of 87,677. The company has a market capitalization of $334.13 million, a price-to-earnings ratio of -229.17 and a beta of 0.70. Ooma has a 12-month low of $10.82 and a 12-month high of $24.28. The company has a 50-day moving average price of $12.06 and a 200 day moving average price of $13.85.

Ooma (NYSE:OOMA - Get Rating) last announced its quarterly earnings results on Tuesday, May 24th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. Ooma had a negative net margin of 0.83% and a negative return on equity of 0.65%. The business had revenue of $50.34 million for the quarter, compared to analysts' expectations of $49.77 million. During the same quarter in the previous year, the company earned ($0.03) EPS. As a group, analysts expect that Ooma will post -0.16 EPS for the current year.

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OOMA Stock News Headlines

August 15, 2022 | forbes.com

Ooma Office Review 2022: Features, Pricing & More - Forbes

August 12, 2022 | businesswire.com

Ooma Schedules Release of Second Quarter Fiscal 2023 Results - Business Wire

August 10, 2022 | nasdaq.com

Akamai (AKAM) Beats Q2 Earnings Estimates on Higher Revenues - Nasdaq

August 10, 2022 | finance.yahoo.com

Ooma Schedules Release of Second Quarter Fiscal 2023 Results

August 9, 2022 | streetinsider.com

Nomorobo Assists Urgent FCC and Carrier Efforts to Crack Down on Auto Warranty Scam Robocalls - StreetInsider.com

August 5, 2022 | nasdaq.com

Altice (ATUS) Surpasses Q2 Earnings & Revenue Estimates - Nasdaq

August 5, 2022 | nasdaq.com

CommScope (COMM) Q2 Earnings Top Estimates on Solid Revenues - Nasdaq

August 4, 2022 | nasdaq.com

Bandwidth (BAND) Reports Narrower Q2 Loss, Beats on Revenues - Nasdaq

August 2, 2022 | nasdaq.com

Arista (ANET) Beats Q2 Earnings Estimates on Solid Revenues - Nasdaq

August 2, 2022 | businesswire.com

Ooma AirDial POTS Replacement Solution Wins Best Endpoint Product Award from UC Today - Business Wire

August 1, 2022 | stocknews.com

OOMA: These Are the 2 Telecom Stocks to Buy Right Now - StockNews.com

July 27, 2022 | nasdaq.com

T-Mobile (TMUS) Beats Q2 Earnings Estimates, Raises 2022 View - Nasdaq

July 27, 2022 | nasdaq.com

Corning (GLW) Beats Q2 Earnings Estimates, Misses on Revenues - Nasdaq

July 21, 2022 | businesswire.com

US Millimeter Wave Technology Markets, 2022-2027: Rapid Exposure of 5G Coupled with Millimeter Wave Technology - ResearchAndMarkets.com - Business Wire

July 18, 2022 | finance.yahoo.com

Investors in Ooma (NYSE:OOMA) have made a favorable return of 37% over the past five years

June 24, 2022 | abcnews.go.com

Sound off! Trumpet is 1st bloodhound to win Westminster show - ABC News

June 14, 2022 | nasdaq.com

Validea Kenneth Fisher Strategy Daily Upgrade Report - 6/14/2022 - Nasdaq

June 13, 2022 | finance.yahoo.com

Ooma to Present Virtually and Host Investor Meetings at the 12th Annual East Coast IDEAS Conference on June 22

June 1, 2022 | finance.yahoo.com

10 Best Stocks to Buy in 2022 According to Billionaire Julian Robertson’s Tiger Management - Yahoo Finance

May 26, 2022 | seekingalpha.com

Ooma, Inc. (OOMA) CEO Eric Stang on Q1 2023 Results - Earnings Call Transcript - Seeking Alpha

May 25, 2022 | benzinga.com

JMP Securities Maintains Market Outperform on Ooma, Lowers Price Target to $20 - Benzinga - Benzinga

May 25, 2022 | benzinga.com

Alliance Global Partners Maintains Buy on Ooma, Lowers Price Target to $21 - Benzinga - Benzinga

May 24, 2022 | finance.yahoo.com

Ooma (OOMA) Surpasses Q1 Earnings and Revenue Estimates

May 24, 2022 | investing.com

Ooma Tops Q1 EPS by 2c, Offers Guidance By Investing.com - Investing.com

May 24, 2022 | seekingalpha.com

Ooma GAAP EPS of -$0.03 beats by $0.02, revenue of $50.3M beats by $0.53M (NYSE:OOMA) - Seeking Alpha

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30 days | 90 days | 365 days | Advanced Chart

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OOMA Company Calendar

Last Earnings: 5/24/2022
Today: 8/15/2022
Next Earnings (Confirmed): 9/01/2022
Fiscal Year End: 1/31/2023

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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: N/A

Price Target and Rating

Average Stock Price Forecast: $23.25
High Stock Price Forecast: $27.50
Low Stock Price Forecast: $19.00
Forecasted Upside/Downside: +69.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.06)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-1,750,000.00
Net Margins: -0.83%
Pretax Margin: -0.81%
Return on Equity: -0.65%
Return on Assets: -0.30%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.49
Quick Ratio: 1.17

Sales & Book Value

Annual Sales: $192.29 million
Price / Sales: 1.74
Cash Flow: $0.17 per share
Price / Cash Flow: 79.53
Book Value: $2.15 per share
Price / Book: 6.40

Miscellaneous

Outstanding Shares: 24,300,000
Free Float: 22,247,000
Market Cap: $334.13 million
Optionable: Optionable
Beta: 0.70

Key Executives

Mr. Eric B. Stang (Age 62)
Pres, CEO & Chairman
Comp: $1.33M
Mr. Shigeyuki Hamamatsu (Age 49)
VP, CFO & Treasurer
Comp: $631.95k
Ms. Jenny C. Yeh J.D. (Age 47)
VP, Gen. Counsel, Corp. Sec. & Director
Comp: $503.32k
Mr. James A. Gustke (Age 60)
VP of Marketing
Comp: $461.71k
Mr. Tobin E. Farrand (Age 61)
VP of Engineering & Operations
Ms. Namrata Sabharwal (Age 51)
Chief Accounting Officer
Mr. Matthew Sewell Robison (Age 61)
Director of IR & Corp. Devel.
Mr. Timothy J. Sullivan (Age 66)
VP of Sales
Mr. Chris Burgy
VP of Corp. Devel.
Mr. Dennis C. Peng (Age 49)
VP of Product Management

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

OOMA Stock - Frequently Asked Questions

Should I buy or sell Ooma stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ooma in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities 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 2022?: 5 Wall Street research analysts have issued 12-month price targets for Ooma's shares. Their OOMA share price forecasts range from $19.00 to $27.50. On average, they predict the company's share price to reach $23.25 in the next year. This suggests a possible upside of 69.1% 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 2022?: Ooma's stock was trading at $20.44 at the start of the year. Since then, OOMA shares have decreased by 32.7% and is now trading at $13.75.
View the best growth stocks for 2022 here.
When is Ooma's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our OOMA earnings forecast.
How can I listen to Ooma's earnings call?: Ooma will be holding an earnings conference call on Thursday, September 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "4726540".
How were Ooma's earnings last quarter?: Ooma, Inc. (NYSE:OOMA) announced its earnings results on Tuesday, May, 24th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. The technology company had revenue of $50.34 million for the quarter, compared to analysts' expectations of $49.77 million. Ooma had a negative trailing twelve-month return on equity of 0.65% and a negative net margin of 0.83%. During the same period in the previous year, the company posted ($0.03) earnings per share.
What guidance has Ooma issued on next quarter's earnings?: Ooma issued an update on its second quarter 2023 earnings guidance on Tuesday, June, 21st. The company provided earnings per share (EPS) guidance of $0.10-$0.11 for the period, compared to the consensus EPS estimate of $0.09. The company issued revenue guidance of $51.40 million-$51.90 million, compared to the consensus revenue estimate of $51.17 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 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.
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 a variety of institutional and retail investors. Top institutional investors include Trigran Investments Inc. (10.53%), AWM Investment Company Inc. (5.80%), Renaissance Technologies LLC (4.24%), Ophir Asset Management Pty Ltd (2.56%), Royce & Associates LP (2.42%) and Millennium Management LLC (1.31%). Insiders that own company stock include Andrew H Galligan, 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 $13.75.
How much money does Ooma make?: Ooma (NYSE:OOMA) has a market capitalization of $334.13 million and generates $192.29 million in revenue each year. The technology company earns $-1,750,000.00 in net income (profit) each year or ($0.06) on an earnings per share basis.
How many employees does Ooma have?: The company employs 383 workers across the globe.
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 8/15/2022 by MarketBeat.com Staff

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Ooma - OOMA Stock Forecast, Price & News

Ooma MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month