Ooma (NYSE:OOMA) Updates FY 2025 Earnings Guidance

Ooma (NYSE:OOMAGet Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.510-0.550 for the period, compared to the consensus earnings per share estimate of 0.610. The company issued revenue guidance of $250.0 million-$253.0 million, compared to the consensus revenue estimate of $256.3 million. Ooma also updated its Q1 2025 guidance to 0.110-0.120 EPS.

Analyst Ratings Changes

Several research firms have issued reports on OOMA. StockNews.com lowered shares of Ooma from a strong-buy rating to a buy rating in a research report on Wednesday, December 6th. TheStreet cut shares of Ooma from a c rating to a d+ rating in a research note on Tuesday. Alliance Global Partners cut their target price on shares of Ooma from $16.00 to $14.50 and set a buy rating on the stock in a report on Wednesday. Finally, B. Riley reiterated a buy rating and issued a $14.50 target price (down from $19.00) on shares of Ooma in a report on Wednesday. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of Buy and a consensus target price of $16.33.

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Ooma Price Performance

OOMA stock opened at $8.84 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.83 and a current ratio of 1.23. Ooma has a 1-year low of $8.10 and a 1-year high of $15.66. The business has a 50 day simple moving average of $10.39 and a two-hundred day simple moving average of $11.49.

Ooma (NYSE:OOMAGet Free Report) last issued its quarterly earnings data on Tuesday, December 5th. The technology company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. Ooma had a negative net margin of 0.35% and a positive return on equity of 0.36%. The company had revenue of $59.86 million during the quarter, compared to the consensus estimate of $59.44 million. During the same quarter last year, the company earned ($0.01) earnings per share. As a group, equities analysts anticipate that Ooma will post 0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Eric B. Stang purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were acquired at an average price of $9.85 per share, for a total transaction of $98,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 388,125 shares in the company, valued at $3,823,031.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.05% of the company’s stock.

Institutional Investors Weigh In On Ooma

Institutional investors have recently made changes to their positions in the stock. Barclays PLC boosted its holdings in shares of Ooma by 71.7% in the fourth quarter. Barclays PLC now owns 86,517 shares of the technology company’s stock worth $928,000 after acquiring an additional 36,121 shares during the period. Vanguard Group Inc. raised its stake in shares of Ooma by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 1,197,890 shares of the technology company’s stock valued at $12,853,000 after acquiring an additional 45,648 shares in the last quarter. Voya Investment Management LLC grew its holdings in Ooma by 14.1% in the fourth quarter. Voya Investment Management LLC now owns 31,174 shares of the technology company’s stock worth $334,000 after purchasing an additional 3,864 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in shares of Ooma during the fourth quarter valued at $173,000. Finally, Royal Bank of Canada raised its position in shares of Ooma by 9.4% in the fourth quarter. Royal Bank of Canada now owns 21,359 shares of the technology company’s stock worth $230,000 after acquiring an additional 1,839 shares during the period. Institutional investors own 75.01% of the company’s stock.

Ooma Company Profile

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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 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 (UCaaS) solution.

See Also

Earnings History and Estimates for Ooma (NYSE:OOMA)

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