NYSE:OOMA

Ooma - OOMA Stock Forecast, Price & News

$15.21

-0.17 (-1.11%)

(As of 12/2/2022 09:00 PM ET)

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Today's Range: $14.25
▼
$15.68
50-Day Range: $12.30
▼
$16.23
52-Week Range: $10.82
▼
$21.89

Volume: 102,400 shs
Average Volume: 90,724 shs
Market Capitalization: $369.60 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $21.80

Ooma MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 43.3% Upside
$21.80 Price Target
Short Interest: Healthy
3.48% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.32
Based on 12 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.09) to ($0.02) Per Share

Overall MarketRank^™

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

2.08 out of 5 stars

Computer And Technology Sector

363rd out of 634 stocks

Data Processing & Preparation Industry

37th out of 72 stocks

3.3

Analyst's Opinion

Consensus Rating
Ooma has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.80, Ooma has a forecasted upside of 43.3% from its current price of $15.21.
Amount of Analyst Coverage
Ooma has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.48% 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 7.4.
Change versus previous month
Short interest in Ooma has recently decreased by 12.16%, indicating that investor sentiment is improving significantly.

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 0.32. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Ooma this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for OOMA on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Ooma to their MarketBeat watchlist 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
80.68% 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 ($0.09) to ($0.02) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ooma is -117.00, 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 -117.00, 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 7.07. 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, which offers various 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 United 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 the 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.

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OOMA Stock News Headlines

December 3, 2022 | americanbankingnews.com

Ooma (NYSE:OOMA) Given New $24.00 Price Target at Benchmark

December 2, 2022 | finance.yahoo.com

Ooma Third Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

December 1, 2022 | stocknews.com

1 Telecom Stock That's Too Cheap to Pass up Right Now

November 29, 2022 | finance.yahoo.com

T-Mobile for Business is Now Selling Ooma AirDial, An Innovative Solution for POTS Replacement, As Part of Its Internet of Things Portfolio

November 29, 2022 | americanbankingnews.com

Ooma (OOMA) Scheduled to Post Quarterly Earnings on Wednesday

November 22, 2022 | stocknews.com

November 16, 2022 | finance.yahoo.com

Loss-Making Ooma, Inc. (NYSE:OOMA) Expected To Breakeven In The Medium-Term

November 10, 2022 | stocknews.com

1 Passive Income Machine to Buy Till the End of 2022

November 9, 2022 | finance.yahoo.com

Ooma Schedules Release of Third Quarter Fiscal 2023 Results

November 8, 2022 | finance.yahoo.com

Ooma AirDial POTS Replacement Solution Wins 2022 TMC Labs Internet Telephony Innovation Award

November 4, 2022 | stocknews.com

This Telecom Stock Is Generating Stable Growth in Q4

November 4, 2022 | stocknews.com

1 Dividend Stock That's Worthy of Your Attention in Q4

November 3, 2022 | finance.yahoo.com

Inc. Names Ooma an Inaugural Power Partner

October 28, 2022 | ca.finance.yahoo.com

Monolithic Power (MPWR) Surpasses Q3 Earnings Estimates

October 28, 2022 | nasdaq.com

Intel (INTC) Beats on Q3 Earnings Despite Lower Revenues

October 26, 2022 | msn.com

Classic FM to play soothing music for pets on Bonfire Night

October 19, 2022 | stocknews.com

4 Telecom Stocks to Pick up This Fall

October 17, 2022 | nasdaq.com

Wall Street Analysts See a 56% Upside in Ooma (OOMA): Can the Stock Really Move This High? - Nasdaq

October 17, 2022 | finance.yahoo.com

Wall Street Analysts See a 56% Upside in Ooma (OOMA): Can the Stock Really Move This High?

October 14, 2022 | nasdaq.com

5 Attractive Relative Price Strength Plays in Today's Market - Nasdaq

October 13, 2022 | nasdaq.com

Harmonic Inc. (HLIT) Hit a 52 Week High, Can the Run Continue? - Nasdaq

October 10, 2022 | stocknews.com

OOMA: 1 Telecom Stock You Can Count on for Long-Term Gains - StockNews.com

October 4, 2022 | finance.yahoo.com

Ooma, Inc. (NYSE:OOMA) is a favorite amongst institutional investors who own 59%

September 29, 2022 | nasdaq.com

Does Ooma (OOMA) Have the Potential to Rally 77% as Wall Street Analysts Expect? - Nasdaq

September 29, 2022 | finance.yahoo.com

Does Ooma (OOMA) Have the Potential to Rally 77% as Wall Street Analysts Expect?

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30 days | 90 days | 365 days | Advanced Chart

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OOMA Company Calendar

Last Earnings: 12/02/2021
Today: 12/04/2022
Fiscal Year End: 1/31/2023
Next Earnings (Estimated): 3/01/2023

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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: $21.80
High Stock Price Forecast: $25.00
Low Stock Price Forecast: $19.00
Forecasted Upside/Downside: +43.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.13)
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: -1.59%
Pretax Margin: -1.37%
Return on Equity: -1.59%
Return on Assets: -0.76%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.22
Quick Ratio: 0.82

Sales & Book Value

Annual Sales: $192.29 million
Price / Sales: 1.92
Cash Flow: $0.17 per share
Price / Cash Flow: 91.09
Book Value: $2.15 per share
Price / Book: 7.07

Miscellaneous

Outstanding Shares: 24,300,000
Free Float: 22,247,000
Market Cap: $369.60 million
Optionable: Optionable
Beta: 0.73

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?: 3 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 2 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 2023?: 3 Wall Street research analysts have issued 1-year price objectives for Ooma's shares. Their OOMA share price forecasts range from $19.00 to $25.00. On average, they predict the company's share price to reach $21.80 in the next year. This suggests a possible upside of 43.3% 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 on January 1st, 2022. Since then, OOMA stock has decreased by 25.6% and is now trading at $15.21.
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 Wednesday, March 1st 2023.
View our OOMA earnings forecast.
How were Ooma's earnings last quarter?: Ooma, Inc. (NYSE:OOMA) announced its quarterly earnings results on Thursday, December, 2nd. The technology company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.09 by $0.04. The technology company had revenue of $49.20 million for the quarter, compared to analysts' expectations of $48.03 million. Ooma had a negative net margin of 1.59% and a negative trailing twelve-month return on equity of 1.59%. The company's quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm earned ($0.01) EPS.
What guidance has Ooma issued on next quarter's earnings?: Ooma issued an update on its fourth quarter 2023 earnings guidance on Wednesday, November, 30th. The company provided EPS guidance of $0.14-$0.15 for the period, compared to the consensus EPS estimate of $0.11. The company issued revenue guidance of $56.30 million-$56.60 million, compared to the consensus revenue estimate of $57.53 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 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 acted 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 shareholders include Trigran Investments Inc. (11.58%), BlackRock Inc. (11.12%), Vanguard Group Inc. (4.62%), Renaissance Technologies LLC (3.48%), Royce & Associates LP (2.78%) and Lord Abbett & CO. LLC (1.84%). 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 $15.21.
How much money does Ooma make?: Ooma (NYSE:OOMA) has a market capitalization of $369.60 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 ($0.13) 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 12/5/2022 by MarketBeat.com Staff

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