Ooma (NYSE:OOMA) Shares Cross Above 50-Day Moving Average – What’s Next?

Shares of Ooma, Inc. (NYSE:OOMA) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.68 and traded as high as $11.79. Ooma shares last traded at $11.3550, with a volume of 167,686 shares.

Analysts Set New Price Targets

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

Ooma Trading Down 3.9%

The company’s fifty day moving average is $11.68 and its 200-day moving average is $11.73. The firm has a market capitalization of $313.40 million, a P/E ratio of 162.21 and a beta of 1.35.

Ooma (NYSE:OOMA) last announced its earnings results on Monday, December 8th. The technology company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. Ooma had a net margin of 0.85% and a return on equity of 10.81%. The firm had revenue of $67.63 million for the quarter, compared to the consensus estimate of $67.58 million. 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, equities research analysts anticipate that Ooma, Inc. will post -0.06 EPS for the current year.

Institutional Trading of Ooma

Several hedge funds have recently added to or reduced their stakes in OOMA. Assenagon Asset Management S.A. raised its position in shares of Ooma by 82.3% during the third quarter. Assenagon Asset Management S.A. now owns 264,347 shares of the technology company’s stock valued at $3,170,000 after buying an additional 119,339 shares during the last quarter. Los Angeles Capital Management LLC grew its position in Ooma by 88.6% during the second quarter. Los Angeles Capital Management LLC now owns 47,699 shares of the technology company’s stock worth $615,000 after buying an additional 22,410 shares in the last quarter. Acadian Asset Management LLC increased its stake in Ooma by 8.2% during the second quarter. Acadian Asset Management LLC now owns 1,021,104 shares of the technology company’s stock valued at $13,157,000 after acquiring an additional 77,133 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Ooma by 13.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 272,300 shares of the technology company’s stock valued at $3,513,000 after acquiring an additional 32,308 shares during the period. Finally, Magnetar Financial LLC acquired a new position in Ooma in the 2nd quarter valued at approximately $474,000. 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.