Ooma Inc (NYSE:OOMA) Expected to Post Earnings of -$0.05 Per Share

Equities analysts expect Ooma Inc (NYSE:OOMA) to post earnings of ($0.05) per share for the current quarter, according to Zacks. Three analysts have made estimates for Ooma’s earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.04). Ooma reported earnings of ($0.03) per share during the same quarter last year, which would indicate a negative year over year growth rate of 66.7%. The firm is expected to report its next earnings report on Tuesday, November 26th.

According to Zacks, analysts expect that Ooma will report full-year earnings of ($0.21) per share for the current financial year, with EPS estimates ranging from ($0.22) to ($0.20). For the next year, analysts expect that the firm will post earnings of ($0.12) per share, with EPS estimates ranging from ($0.18) to ($0.05). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Ooma.

Ooma (NYSE:OOMA) last announced its earnings results on Tuesday, August 27th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.02. The business had revenue of $37.30 million for the quarter, compared to analyst estimates of $35.64 million. Ooma had a negative return on equity of 46.20% and a negative net margin of 12.05%. Ooma’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.05) EPS.

OOMA has been the topic of several recent analyst reports. Citigroup lowered Ooma from a “neutral” rating to an “underperform” rating in a research report on Monday, September 30th. Credit Suisse Group reduced their target price on Ooma from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, August 28th. Bank of America downgraded Ooma from a “neutral” rating to an “underperform” rating in a research note on Monday, September 30th. B. Riley reiterated a “buy” rating on shares of Ooma in a research note on Wednesday, August 28th. Finally, ValuEngine upgraded Ooma from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.10.

In other news, CEO Eric B. Stang sold 4,267 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $12.00, for a total transaction of $51,204.00. Following the completion of the sale, the chief executive officer now directly owns 362,500 shares in the company, valued at approximately $4,350,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew H. Galligan sold 25,000 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $10.50, for a total value of $262,500.00. Following the transaction, the director now directly owns 160,984 shares of the company’s stock, valued at approximately $1,690,332. The disclosure for this sale can be found here. Insiders have sold a total of 76,500 shares of company stock valued at $901,091 over the last quarter. 10.19% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Ooma by 3.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 308,414 shares of the technology company’s stock worth $3,245,000 after buying an additional 9,990 shares in the last quarter. GSA Capital Partners LLP increased its holdings in Ooma by 58.0% in the 2nd quarter. GSA Capital Partners LLP now owns 17,227 shares of the technology company’s stock worth $181,000 after purchasing an additional 6,327 shares in the last quarter. Royal Bank of Canada acquired a new position in Ooma in the 2nd quarter worth about $163,000. BlackRock Inc. increased its holdings in Ooma by 4.6% in the 2nd quarter. BlackRock Inc. now owns 1,596,121 shares of the technology company’s stock worth $16,727,000 after purchasing an additional 69,575 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Ooma by 37.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,395,008 shares of the technology company’s stock worth $14,620,000 after purchasing an additional 383,436 shares in the last quarter. 75.87% of the stock is owned by institutional investors.

NYSE:OOMA opened at $11.56 on Monday. The firm has a market capitalization of $242.65 million, a price-to-earnings ratio of -16.75 and a beta of 0.88. Ooma has a twelve month low of $9.85 and a twelve month high of $16.72. The stock’s 50 day moving average price is $11.10 and its two-hundred day moving average price is $11.87. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 0.06.

About Ooma

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.

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