JMP Securities reissued their market perform rating on shares of Ooma (NYSE:OOMA – Free Report) in a research note published on Wednesday morning, Benzinga reports.
Separately, Lake Street Capital initiated coverage on Ooma in a report on Monday, June 17th. They issued a buy rating and a $14.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $14.50.
View Our Latest Analysis on Ooma
Ooma Price Performance
Ooma (NYSE:OOMA – Get Free Report) last posted its quarterly earnings results on Tuesday, May 28th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.14). The company had revenue of $62.50 million during the quarter, compared to analysts’ expectations of $61.85 million. Ooma had a negative return on equity of 1.41% and a negative net margin of 1.09%. During the same period in the prior year, the firm earned $0.02 EPS. Sell-side analysts predict that Ooma will post -0.11 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Ooma
Large investors have recently bought and sold shares of the business. Covestor Ltd increased its position in shares of Ooma by 52.7% during the 1st quarter. Covestor Ltd now owns 6,197 shares of the technology company’s stock valued at $53,000 after purchasing an additional 2,138 shares during the last quarter. Bailard Inc. purchased a new stake in shares of Ooma during the 2nd quarter valued at about $108,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Ooma during the 2nd quarter valued at about $119,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Ooma during the 1st quarter valued at about $130,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Ooma during the 2nd quarter valued at about $238,000. 80.42% of the stock is currently owned by institutional investors.
Ooma Company Profile
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; and Ooma Enterprise, a unified-communications-as-a-service (UCaaS) solution.
Featured Articles
- Five stocks we like better than Ooma
- What is the Australian Securities Exchange (ASX)
- BHP Stock: The Under-the-Radar Growth Story in Commodities
- What Are Growth Stocks and Investing in Them
- Analysts Upgrade These 3 Hot Buy-and-Hold Stocks
- What Are the U.K. Market Holidays? How to Invest and Trade
- Kohl’s Charts a Resilient Path in a Challenging Retail Landscape
Receive News & Ratings for Ooma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ooma and related companies with MarketBeat.com's FREE daily email newsletter.