Ooma (OOMA) Stock Forecast, Price & News

2 Wall Street research 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 research analysts is that investors should "buy" OOMA shares.
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2 brokers have issued 1 year price objectives for Ooma's stock. Their OOMA share price forecasts range from $18.00 to $20.00. On average, they expect the company's share price to reach $18.67 in the next twelve months. This suggests a possible upside of 44.3% from the stock's current price.
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Ooma's stock was trading at $13.62 at the start of the year. Since then, OOMA stock has decreased by 5.0% and is now trading at $12.94.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, September 7th 2023.
View our OOMA earnings forecast.

Ooma, Inc. (NYSE:OOMA) posted its quarterly earnings results on Thursday, March, 2nd. The technology company reported $0.02 earnings per share (EPS) for the quarter. The technology company earned $56.50 million during the quarter, compared to the consensus estimate of $56.40 million. Ooma had a positive trailing twelve-month return on equity of 0.48% and a negative net margin of 1.44%.

Ooma issued an update on its FY 2024 earnings guidance on Friday, May, 26th. The company provided earnings per share 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.

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 (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 acted 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 many different institutional and retail investors. Top institutional investors 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.
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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 $12.94.

Ooma (NYSE:OOMA) has a market capitalization of $327.64 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 ($0.13) 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.