Ooma (NYSE:OOMA) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Ooma, Inc. (NYSE:OOMA)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.62 and traded as high as $11.90. Ooma shares last traded at $11.4830, with a volume of 151,614 shares.

Wall Street Analyst Weigh In

Several analysts have issued reports on OOMA shares. Lake Street Capital boosted their price target on Ooma from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Benchmark reaffirmed a “buy” rating on shares of Ooma in a research report on Tuesday, December 9th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Ooma presently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Ooma Stock Down 3.9%

The business has a 50 day moving average price of $11.62 and a two-hundred day moving average price of $11.75. The stock has a market cap of $316.93 million, a P/E ratio of 164.04 and a beta of 1.35.

Ooma (NYSE:OOMA) last posted its earnings results on Monday, December 8th. The technology company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. The company had revenue of $67.63 million during the quarter, compared to analysts’ expectations of $67.58 million. Ooma had a net margin of 0.85% and a return on equity of 10.81%. Ooma has set its FY 2026 guidance at 1.000-1.020 EPS and its Q4 2026 guidance at 0.300-0.320 EPS. On average, research analysts forecast that Ooma, Inc. will post -0.06 earnings per share for the current year.

Institutional Trading of Ooma

Large investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System boosted its position in shares of Ooma by 2,188.0% during the 2nd quarter. New York State Teachers Retirement System now owns 2,288 shares of the technology company’s stock valued at $30,000 after acquiring an additional 2,188 shares during the last quarter. Versant Capital Management Inc raised its stake in Ooma by 465.3% during the third quarter. Versant Capital Management Inc now owns 2,589 shares of the technology company’s stock valued at $31,000 after purchasing an additional 2,131 shares in the last quarter. CWM LLC lifted its position in Ooma by 50.5% during the third quarter. CWM LLC now owns 3,022 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,014 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Ooma by 225.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock worth $47,000 after buying an additional 2,507 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of Ooma by 503.1% during the 2nd quarter. Lazard Asset Management LLC now owns 4,927 shares of the technology company’s stock valued at $63,000 after buying an additional 4,110 shares in the last quarter. Institutional investors own 80.42% of the company’s stock.

Ooma Company Profile

Ooma, Inc, headquartered in Sunnyvale, California, is a leading provider of communication services for residential and business customers. Since its founding in 2004, Ooma has built a cloud-based platform that leverages Voice over Internet Protocol (VoIP) technology to deliver voice, video and data services over broadband networks. The company went public on the New York Stock Exchange in 2015 under the ticker OOMA and has continued to expand its service portfolio to meet evolving customer demands.

For residential users, Ooma offers an all-in-one home phone service that includes its flagship Telo device, mobile and web applications, and optional smart home security features.