Shares of Ooma, Inc. (NYSE:OOMA – Get Free Report) have been given a consensus recommendation of “Buy” by the four research firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $14.50.
A number of research analysts have commented on OOMA shares. Lake Street Capital started coverage on Ooma in a research note on Monday. They issued a “buy” rating and a $14.00 target price on the stock. Alliance Global Partners lowered their target price on Ooma from $16.00 to $14.50 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. B. Riley restated a “buy” rating and issued a $14.50 target price (down previously from $19.00) on shares of Ooma in a research note on Wednesday, March 6th. TheStreet downgraded Ooma from a “c” rating to a “d+” rating in a research note on Tuesday, March 5th. Finally, Benchmark reduced their price target on Ooma from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, March 13th.
Check Out Our Latest Analysis on OOMA
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Ooma Stock Performance
OOMA opened at $8.63 on Monday. The firm has a market cap of $227.83 million, a PE ratio of -86.30 and a beta of 0.86. The company has a quick ratio of 0.81, a current ratio of 1.16 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $7.76 and a 200-day simple moving average of $9.18. Ooma has a fifty-two week low of $6.50 and a fifty-two week high of $15.66.
Ooma (NYSE:OOMA – Get Free Report) last released its quarterly earnings data on Tuesday, May 28th. The technology company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.14). The company had revenue of $62.50 million for the quarter, compared to the consensus estimate 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 business earned $0.02 earnings per share. As a group, equities analysts predict that Ooma will post -0.11 EPS 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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