Ooma (OOMA) Stock Price, News & Analysis

Company Overview

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. It also provides Ooma AirDial, a plain old telephone service; PureVoice HD, a residential phone services; Ooma basic that provides unlimited personal calling within the United States; and Ooma Premier, a suite of advanced calling features on a monthly or annual subscription basis. In addition, the company offers Ooma Telo, a home communications solution designed to serve as the primary phone line in the home; Ooma Telo Air, a wireless Ooma Telo with built-in Wi-Fi and Bluetooth; and Ooma Telo LTE, which combines the Ooma Telo base station with the Ooma LTE Adapter and battery back-up. Further, it provides Ooma Mobile HD app that allows users to make and receive phone calls and access Ooma features and settings; 2600Hz provides business communication applications; Talkatone mobile app; and OnSIP, an UCaaS solutions. The company offers its products through direct sales, distributors, retailers, and resellers, as well as online and sale representatives. Ooma, Inc. was incorporated in 2003 and is headquartered in Sunnyvale, California.

Key Stats

• Today's Range: $11.04 to $11.35
• 50-Day Range: $8.06 to $11.78
• 52-Week Range: $6.50 to $13.50
• Volume: 248,919 shs
• Average Volume: 106,572 shs
• Market Capitalization: $298.55 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $14.50
• Consensus Rating: Moderate Buy

Ooma Stock Analysis - MarketRank™

Ooma scored higher than 53% of companies evaluated by MarketBeat, and ranked 385th out of 666 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Ooma has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Ooma has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Ooma are expected to grow in the coming year, from ($0.10) to ($0.01) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ooma is -111.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ooma is -111.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Ooma has a P/B Ratio of 3.65. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.58% of the outstanding shares of Ooma have been sold short.

Short Interest Ratio / Days to Cover

Ooma has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ooma has recently increased by 9.14%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Ooma does not currently pay a dividend.

Dividend Growth

Ooma does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.58% of the outstanding shares of Ooma have been sold short.

Short Interest Ratio / Days to Cover

Ooma has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ooma has recently increased by 9.14%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.44

News Sentiment

Ooma has a news sentiment score of 0.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Ooma this week, compared to 2 articles on an average week.

Search Interest

4 people have searched for OOMA on MarketBeat in the last 30 days.

MarketBeat Follows

Only 1 people have added Ooma to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Ooma insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 9.76% of the stock of Ooma is held by insiders.

Percentage Held by Institutions

80.42% of the stock of Ooma is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

OOMA Stock Analysis - Frequently Asked Questions

How have OOMA shares performed this year?

Ooma's stock was trading at $10.73 on January 1st, 2024. Since then, OOMA shares have increased by 3.8% and is now trading at $11.14.
View the best growth stocks for 2024 here.

How were Ooma's earnings last quarter?

Ooma, Inc. (NYSE:OOMA) issued its earnings results on Tuesday, August, 27th. The technology company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.01. The technology company earned $64.13 million during the quarter, compared to analyst estimates of $62.72 million. Ooma had a negative trailing twelve-month return on equity of 2.22% and a negative net margin of 2.04%.

Does Ooma have any subsidiaries?

The following companies are subsidiaries of Ooma: Broadsmart Global, Voxter, Butterfleye, Talkatone, Broadsmart Global Inc., Ooma Australia Pty Ltd., Ooma Canada Inc., and others.

When did Ooma IPO?

Ooma (OOMA) raised $85 million in an initial public offering on Friday, July 17th 2015. The company issued 5,000,000 shares at $16.00-$18.00 per share. Credit Suisse and BofA Merrill Lynch acted as the underwriters for the IPO and JMP Securities, William Blair and Wunderlich were co-managers.

Who are Ooma's major shareholders?

Ooma's top institutional shareholders include Renaissance Technologies LLC (3.20%), Acadian Asset Management LLC (2.03%), Dimensional Fund Advisors LP (1.12%) and Assenagon Asset Management S.A. (0.73%). Insiders that own company stock include Eric B Stang, James A Gustke, William D Pearce and Jenny C Yeh.
View institutional ownership trends.

How do I buy shares of Ooma?

Shares of OOMA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Ooma own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ooma investors own include Applied Materials (AMAT), Advanced Micro Devices (AMD), Ford Motor (F), Alibaba Group (BABA), Citigroup (C), Salesforce (CRM) and Cisco Systems (CSCO).

Company Calendar

• Last Earnings: 8/27/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 12/03/2024
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Data processing & preparation
• Sub-Industry: Business Services
• Current Symbol: NYSE:OOMA
• CUSIP: N/A
• CIK: 1327688
• Web: www.ooma.com
• Phone: (650) 566-6600
• Fax: N/A
• Employees: 1,221
• Year Founded: 2004

Price Target and Rating

• Average Stock Price Target: $14.50
• High Stock Price Target: $15.00
• Low Stock Price Target: $14.00
• Potential Upside/Downside: +30.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.10)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-830,000.00
• Net Margins: -2.04%
• Pretax Margin: -2.69%
• Return on Equity: -2.22%
• Return on Assets: -1.13%

Debt

• Debt-to-Equity Ratio: 0.10
• Current Ratio: 1.15
• Quick Ratio: 0.81

Sales & Book Value

• Annual Sales: $236.74 million
• Price / Sales: 1.26
• Cash Flow: $0.43 per share
• Price / Cash Flow: 25.75
• Book Value: $3.05 per share
• Price / Book: 3.65

Miscellaneous

• Outstanding Shares: 26,800,000
• Free Float: 23,823,000
• Market Cap: $298.55 million
• Optionable: Optionable
• Beta: 0.92