Ooma, Inc. (NYSE:OOMA – Get Free Report) has received an average recommendation of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $14.50.
Several research analysts have recently issued reports on the company. Lake Street Capital assumed coverage on Ooma in a research note on Monday, June 17th. They set a “buy” rating and a $14.00 price target for the company. JMP Securities reaffirmed a “market perform” rating on shares of Ooma in a research note on Wednesday, August 28th.
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Ooma Trading Up 0.3 %
NYSE:OOMA opened at $11.40 on Wednesday. The company has a market capitalization of $300.96 million, a PE ratio of -114.00 and a beta of 0.92. The company has a quick ratio of 0.83, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. Ooma has a 52-week low of $6.50 and a 52-week high of $13.31. The stock has a fifty day simple moving average of $9.96 and a 200-day simple moving average of $8.88.
Ooma (NYSE:OOMA – Get Free Report) last released its quarterly earnings results on Tuesday, August 27th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. The business had revenue of $64.13 million during the quarter, compared to the consensus estimate of $62.72 million. Ooma had a negative return on equity of 2.22% and a negative net margin of 2.04%. On average, equities research analysts expect that Ooma will post -0.1 earnings per share for the current fiscal year.
About Ooma
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.
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