Ooma (NYSE:OOMA) updated its FY 2020 earnings guidance on Tuesday. The company provided EPS guidance of $-0.24–0.19 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.19. The company issued revenue guidance of $145-148 million, compared to the consensus revenue estimate of $141.69 million.Ooma also updated its Q2 2020 guidance to $-0.07–0.05 EPS.
Several research analysts have issued reports on the stock. ValuEngine raised shares of Ooma from a buy rating to a strong-buy rating in a report on Tuesday, May 14th. Zacks Investment Research raised shares of Ooma from a sell rating to a hold rating in a report on Wednesday, May 8th. Finally, B. Riley boosted their price objective on shares of Ooma from $20.00 to $20.50 and gave the company a buy rating in a report on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $17.63.
Shares of OOMA traded down $0.40 during mid-day trading on Tuesday, hitting $14.54. 176,475 shares of the company traded hands, compared to its average volume of 54,254. Ooma has a 1 year low of $11.57 and a 1 year high of $17.50. The stock has a market capitalization of $285.88 million, a price-to-earnings ratio of -21.20 and a beta of 0.91.
Ooma (NYSE:OOMA) last released its quarterly earnings data on Tuesday, March 5th. The technology company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.02. Ooma had a negative net margin of 11.28% and a negative return on equity of 39.40%. The firm had revenue of $34.72 million during the quarter, compared to analysts’ expectations of $33.19 million. On average, equities analysts predict that Ooma will post -0.82 earnings per share for the current year.
In other news, CEO Eric B. Stang sold 12,340 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $13.84, for a total transaction of $170,785.60. Following the completion of the transaction, the chief executive officer now directly owns 397,500 shares of the company’s stock, valued at $5,501,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 13,340 shares of company stock valued at $184,286 over the last three months. 10.19% of the stock is owned by corporate insiders.
A hedge fund recently raised its stake in Ooma stock. Geode Capital Management LLC boosted its holdings in shares of Ooma Inc (NYSE:OOMA) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 220,009 shares of the technology company’s stock after buying an additional 12,220 shares during the quarter. Geode Capital Management LLC owned approximately 1.09% of Ooma worth $3,052,000 at the end of the most recent quarter. 74.82% of the stock is currently owned by institutional investors.
Ooma, Inc creates connected experiences for businesses and consumers in the United States, Canada, and internationally. The company's smart cloud-based SaaS platform serves as a communications hub, which offers cloud-based communications solutions, smart security, and other connected services. Its business and residential solutions deliver PureVoice high-definition voice quality, advanced functionality, and integration with mobile devices; and platform helps to create smart workplace and homes by offering communications, monitoring, security, automation, productivity, and networking infrastructure applications.
Read More: Earnings Per Share
Receive News & Ratings for Ooma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ooma and related companies with MarketBeat.com's FREE daily email newsletter.