FY2018 EPS Estimates for Ooma, Inc. Boosted by Analyst (OOMA)

Ooma, Inc. (NYSE:OOMA) – B. Riley increased their FY2018 earnings estimates for shares of Ooma in a research report issued on Wednesday. B. Riley analyst J. Nichols now expects that the technology company will earn ($0.66) per share for the year, up from their prior forecast of ($0.76). B. Riley has a “Buy” rating and a $13.00 price target on the stock. B. Riley also issued estimates for Ooma’s Q4 2018 earnings at ($0.18) EPS, Q3 2019 earnings at ($0.12) EPS and FY2019 earnings at ($0.54) EPS.

Ooma (NYSE:OOMA) last announced its quarterly earnings results on Tuesday, November 28th. The technology company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. Ooma had a negative return on equity of 32.00% and a negative net margin of 11.65%. The business had revenue of $28.50 million for the quarter, compared to analyst estimates of $28.04 million. During the same quarter in the prior year, the company posted ($0.02) EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis.

Separately, Northland Securities reiterated a “buy” rating and issued a $13.00 price objective on shares of Ooma in a report on Friday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Ooma has an average rating of “Hold” and a consensus price target of $12.67.

Ooma (OOMA) opened at $11.35 on Monday. Ooma has a 12 month low of $7.30 and a 12 month high of $12.30.

A number of hedge funds and other institutional investors have recently modified their holdings of OOMA. Wolverine Trading LLC purchased a new stake in Ooma during the 3rd quarter worth about $115,000. Rhumbline Advisers purchased a new stake in Ooma during the 2nd quarter worth about $128,000. New York State Common Retirement Fund purchased a new stake in Ooma during the 2nd quarter worth about $144,000. Menta Capital LLC increased its holdings in Ooma by 58.3% during the 2nd quarter. Menta Capital LLC now owns 19,345 shares of the technology company’s stock worth $155,000 after purchasing an additional 7,123 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Ooma in the 2nd quarter valued at about $186,000. Institutional investors own 75.13% of the company’s stock.

In other Ooma news, VP James A. Gustke sold 5,000 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $9.81, for a total transaction of $49,050.00. Following the sale, the vice president now owns 196,333 shares in the company, valued at approximately $1,926,026.73. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Russell Mann sold 32,500 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $10.46, for a total value of $339,950.00. Following the sale, the director now owns 81,279 shares in the company, valued at approximately $850,178.34. The disclosure for this sale can be found here. Insiders sold a total of 66,371 shares of company stock worth $671,551 in the last quarter. Company insiders own 11.42% of the company’s stock.

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About Ooma

Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.

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