Wall Street analysts forecast that Ooma Inc (NYSE:OOMA) will report earnings per share (EPS) of ($0.04) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Ooma’s earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at ($0.04). Ooma reported earnings per share of ($0.01) in the same quarter last year, which suggests a negative year over year growth rate of 300%. The business is expected to issue its next earnings results after the market closes on Tuesday, March 6th.
On average, analysts expect that Ooma will report full year earnings of ($0.10) per share for the current fiscal year, with EPS estimates ranging from ($0.11) to ($0.09). For the next financial year, analysts anticipate that the business will post earnings of ($0.04) per share, with EPS estimates ranging from ($0.08) to $0.02. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Ooma.
Ooma (NYSE:OOMA) last posted its earnings results on Tuesday, November 28th. The technology company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. The business had revenue of $28.50 million during the quarter, compared to analyst estimates of $28.04 million. Ooma had a negative return on equity of 32.29% and a negative net margin of 11.65%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.02) EPS.
In related news, CFO Ravi Narula sold 3,143 shares of Ooma stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.00, for a total value of $37,716.00. Following the completion of the sale, the chief financial officer now owns 217,522 shares of the company’s stock, valued at $2,610,264. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric B. Stang sold 10,000 shares of Ooma stock in a transaction on Monday, December 4th. The stock was sold at an average price of $11.22, for a total value of $112,200.00. Following the completion of the sale, the chief executive officer now directly owns 1,257,704 shares of the company’s stock, valued at approximately $14,111,438.88. The disclosure for this sale can be found here. Insiders sold 61,405 shares of company stock valued at $721,768 in the last ninety days. 48.19% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Algert Global LLC bought a new stake in shares of Ooma in the third quarter worth $501,000. Bank of New York Mellon Corp grew its holdings in Ooma by 187.4% during the second quarter. Bank of New York Mellon Corp now owns 55,044 shares of the technology company’s stock valued at $441,000 after purchasing an additional 35,894 shares during the period. Northern Trust Corp grew its holdings in Ooma by 658.1% during the second quarter. Northern Trust Corp now owns 188,546 shares of the technology company’s stock valued at $1,508,000 after purchasing an additional 163,676 shares during the period. TIAA CREF Investment Management LLC bought a new stake in Ooma during the second quarter valued at about $374,000. Finally, Boston Partners grew its holdings in Ooma by 6.6% during the third quarter. Boston Partners now owns 947,540 shares of the technology company’s stock valued at $9,996,000 after purchasing an additional 58,450 shares during the period. 73.00% of the stock is owned by institutional investors.
Shares of Ooma (NYSE OOMA) opened at $10.15 on Friday. The company has a market capitalization of $192.71 and a price-to-earnings ratio of -14.30. Ooma has a fifty-two week low of $7.30 and a fifty-two week high of $12.75.
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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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