Ooma (OOMA) Projected to Post Quarterly Earnings on Tuesday

Ooma (NYSE:OOMA) is projected to issue its quarterly earnings data after the market closes on Tuesday, March 4th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $64.70 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Ooma Stock Performance

NYSE OOMA opened at $14.85 on Tuesday. Ooma has a 12-month low of $6.50 and a 12-month high of $17.00. The firm has a 50-day moving average price of $14.43 and a two-hundred day moving average price of $12.82. The company has a market capitalization of $400.84 million, a P/E ratio of -40.12 and a beta of 0.96. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.04.

Wall Street Analysts Forecast Growth

OOMA has been the topic of a number of recent research reports. Benchmark raised their price objective on Ooma from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. B. Riley raised their price target on Ooma from $14.50 to $15.50 and gave the stock a “buy” rating in a research report on Monday, November 25th. Lake Street Capital upped their price objective on shares of Ooma from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Northland Securities increased their price objective on shares of Ooma from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, StockNews.com raised shares of Ooma from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $16.60.

Insiders Place Their Bets

In related news, CEO Eric B. Stang sold 61,580 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $15.10, for a total transaction of $929,858.00. Following the sale, the chief executive officer now owns 1,245,665 shares of the company’s stock, valued at $18,809,541.50. This trade represents a 4.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Andrew H. Galligan sold 14,824 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $14.56, for a total value of $215,837.44. Following the completion of the transaction, the director now directly owns 241,932 shares of the company’s stock, valued at approximately $3,522,529.92. The trade was a 5.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 158,457 shares of company stock valued at $2,413,132. 9.76% of the stock is currently owned by corporate insiders.

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.