Ooma Inc. (NYSE:OOMA) is scheduled to be announcing its Q317 earnings results on Tuesday, November 29th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $27.00 million for the quarter.

Ooma (NYSE:OOMA) last posted its quarterly earnings results on Tuesday, August 30th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The firm had revenue of $25.50 million for the quarter, compared to the consensus estimate of $25.21 million. Ooma had a negative net margin of 14.33% and a negative return on equity of 32.89%. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. On average, analysts expect Ooma to post $-0.22 EPS for the current fiscal year and $0.10 EPS for the next fiscal year.

Earnings History for Ooma (NYSE:OOMA)

Ooma Inc. (NYSE:OOMA) opened at 8.95 on Friday. Ooma Inc. has a 1-year low of $5.43 and a 1-year high of $9.92. The firm’s 50 day moving average is $8.81 and its 200 day moving average is $8.36. The stock’s market capitalization is $155.76 million.

Several equities research analysts have recently commented on OOMA shares. Zacks Investment Research raised shares of Ooma from a “sell” rating to a “hold” rating in a research report on Tuesday, September 27th. B. Riley reissued a “buy” rating and issued a $15.50 target price on shares of Ooma in a report on Wednesday. Bank of America Corp. reissued a “buy” rating and issued a $12.00 target price on shares of Ooma in a report on Wednesday, August 31st. Credit Suisse Group AG reissued a “buy” rating on shares of Ooma in a report on Wednesday, August 31st. Finally, JMP Securities increased their target price on shares of Ooma from $12.00 to $14.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 31st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $12.71.

In other Ooma news, VP James A. Gustke sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $8.97, for a total value of $53,820.00. Following the completion of the transaction, the vice president now directly owns 194,327 shares in the company, valued at approximately $1,743,113.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Russell Mann sold 27,000 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $8.80, for a total value of $237,600.00. Following the completion of the transaction, the director now owns 55,974 shares of the company’s stock, valued at $492,571.20. The disclosure for this sale can be found here. 48.19% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Group LTD purchased a new position in Ooma during the third quarter worth approximately $129,000. Morgan Stanley increased its position in Ooma by 14.2% in the third quarter. Morgan Stanley now owns 15,967 shares of the company’s stock worth $145,000 after buying an additional 1,991 shares in the last quarter. BlackRock Fund Advisors increased its position in Ooma by 46.2% in the second quarter. BlackRock Fund Advisors now owns 22,626 shares of the company’s stock worth $185,000 after buying an additional 7,150 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Ooma by 6.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 58,723 shares of the company’s stock worth $481,000 after buying an additional 3,707 shares in the last quarter. Finally, Credit Suisse AG increased its position in Ooma by 1.0% in the third quarter. Credit Suisse AG now owns 111,997 shares of the company’s stock worth $1,017,000 after buying an additional 1,146 shares in the last quarter. Hedge funds and other institutional investors own 24.57% of the company’s stock.

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About Ooma

Ooma, Inc is a provider of communications solutions and other connected services to small business, home and mobile users. The Company’s hybrid software as a service (SaaS) platform consists of its cloud, on premise appliances, mobile applications and end-point devices. The Company’s communications solutions deliver its PureVoice high-definition (HD) voice quality and integration with mobile devices.

5 Day Chart for NYSE:OOMA

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