Ooma (NYSE:OOMA) Releases Earnings Results, Misses Expectations By $0.11 EPS

Ooma (NYSE:OOMA - Get Free Report) announced its quarterly earnings results on Tuesday. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.11), Zacks reports. Ooma had a negative return on equity of 2.51% and a negative net margin of 3.83%. The firm had revenue of $65.10 million during the quarter, compared to analysts' expectations of $64.70 million. During the same period in the previous year, the company posted $0.13 earnings per share. Ooma updated its FY 2026 guidance to 0.770-0.820 EPS and its Q1 2026 guidance to 0.180-0.190 EPS.

Ooma Price Performance

NYSE OOMA traded up $0.31 on Friday, reaching $14.03. 214,028 shares of the company's stock traded hands, compared to its average volume of 113,107. Ooma has a 12 month low of $6.50 and a 12 month high of $17.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 0.82. The stock has a 50-day simple moving average of $14.39 and a 200 day simple moving average of $13.08. The stock has a market cap of $378.76 million, a PE ratio of -37.91 and a beta of 0.99.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OOMA. B. Riley increased their price target on shares of Ooma from $14.50 to $15.50 and gave the stock a "buy" rating in a report on Monday, November 25th. Lake Street Capital decreased their price objective on shares of Ooma from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday. Northland Securities upped their price objective on shares of Ooma from $16.00 to $18.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. StockNews.com upgraded shares of Ooma from a "buy" rating to a "strong-buy" rating in a research report on Friday, December 6th. Finally, Benchmark upped their price objective on shares of Ooma from $17.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $17.63.

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Insider Buying and Selling at Ooma

In related news, Director William D. Pearce sold 3,700 shares of Ooma stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $15.54, for a total value of $57,498.00. Following the transaction, the director now directly owns 163,353 shares of the company's stock, valued at $2,538,505.62. The trade was a 2.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric B. Stang sold 39,458 shares of Ooma stock in a transaction on Monday, December 9th. The stock was sold at an average price of $15.24, for a total transaction of $601,339.92. Following the completion of the transaction, the chief executive officer now directly owns 1,275,183 shares in the company, valued at approximately $19,433,788.92. The trade was a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,295 shares of company stock worth $1,422,380 over the last ninety days. Insiders own 9.76% of the company's stock.

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.