Equities research analysts expect Ooma Inc (NYSE:OOMA) to post earnings per share (EPS) of ($0.06) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Ooma’s earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.05). Ooma posted earnings of ($0.02) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 200%. The business is expected to report its next quarterly earnings results on Tuesday, November 27th.

On average, analysts expect that Ooma will report full-year earnings of ($0.21) per share for the current fiscal year, with EPS estimates ranging from ($0.21) to ($0.20). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.05) per share, with EPS estimates ranging from ($0.13) to $0.01. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Ooma.

Ooma (NYSE:OOMA) last issued its earnings results on Tuesday, August 28th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. Ooma had a negative return on equity of 35.06% and a negative net margin of 11.35%. The firm had revenue of $31.68 million for the quarter, compared to analysts’ expectations of $30.88 million. During the same quarter last year, the business earned ($0.02) earnings per share. The company’s revenue was up 12.4% compared to the same quarter last year.

OOMA has been the topic of a number of recent analyst reports. ValuEngine upgraded Ooma from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 2nd. Credit Suisse Group initiated coverage on Ooma in a report on Friday, August 10th. They set a “neutral” rating and a $13.00 target price on the stock. Finally, B. Riley raised their target price on Ooma from $15.50 to $20.00 and gave the stock a “buy” rating in a report on Thursday, August 23rd. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $15.50.

In other news, VP James A. Gustke sold 5,500 shares of Ooma stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $16.38, for a total transaction of $90,090.00. Following the transaction, the vice president now owns 138,275 shares in the company, valued at approximately $2,264,944.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ravi Narula sold 4,533 shares of Ooma stock in a transaction dated Tuesday, July 10th. The shares were sold at an average price of $15.45, for a total value of $70,034.85. Following the transaction, the chief financial officer now owns 186,334 shares in the company, valued at approximately $2,878,860.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,848 shares of company stock worth $729,407. Company insiders own 10.47% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Royce & Associates LP lifted its holdings in shares of Ooma by 0.6% during the 2nd quarter. Royce & Associates LP now owns 576,835 shares of the technology company’s stock valued at $8,162,000 after purchasing an additional 3,233 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Ooma by 13.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 42,257 shares of the technology company’s stock valued at $598,000 after purchasing an additional 5,157 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Ooma by 20.9% during the 1st quarter. American Century Companies Inc. now owns 39,009 shares of the technology company’s stock valued at $425,000 after purchasing an additional 6,749 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Ooma by 4.4% during the 2nd quarter. Northern Trust Corp now owns 201,887 shares of the technology company’s stock valued at $2,857,000 after purchasing an additional 8,555 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of Ooma during the 2nd quarter valued at about $157,000. Institutional investors and hedge funds own 74.51% of the company’s stock.

OOMA traded down $0.64 during midday trading on Friday, reaching $15.29. 109,684 shares of the company were exchanged, compared to its average volume of 70,638. Ooma has a one year low of $9.00 and a one year high of $17.50. The stock has a market cap of $325.36 million, a P/E ratio of -22.16 and a beta of 0.88.

Ooma Company Profile

Ooma, Inc provides communications solutions and other connected services to small business, home, and mobile users in the United States and Canadian markets. The company's Ooma Office, a multi-user communications system comprise an on-premise appliance and Ooma Linx end-point device that wirelessly connects regular desktop telephones and fax machines to the user's high-speed Internet connection; and Ooma Office Mobile HD app, which allows users to make, receive, and transfer phone calls.

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