Wall Street brokerages predict that Ooma Inc (NYSE:OOMA) will post sales of $29.51 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Ooma’s earnings, with the highest sales estimate coming in at $29.62 million and the lowest estimate coming in at $29.41 million. Ooma posted sales of $27.56 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.1%. The business is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, March 6th.
On average, analysts expect that Ooma will report full year sales of $29.51 million for the current financial year, with estimates ranging from $113.68 million to $113.89 million. For the next fiscal year, analysts expect that the business will report sales of $122.94 million per share, with estimates ranging from $121.11 million to $125.67 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Ooma.
Ooma (NYSE:OOMA) last posted its quarterly earnings results on Tuesday, November 28th. The technology company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. Ooma had a negative net margin of 11.65% and a negative return on equity of 32.29%. The business had revenue of $28.50 million during the quarter, compared to analyst estimates of $28.04 million. During the same period in the previous year, the business posted ($0.02) EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis.
In related news, CFO Ravi Narula sold 3,143 shares of Ooma stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $12.00, for a total value of $37,716.00. Following the sale, the chief financial officer now directly owns 217,522 shares in the company, valued at approximately $2,610,264. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Eric B. Stang sold 10,000 shares of Ooma stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $11.22, for a total transaction of $112,200.00. Following the completion of the sale, the chief executive officer now owns 1,257,704 shares in the company, valued at $14,111,438.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,405 shares of company stock worth $721,768. 11.42% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the stock. Emancipation Management LLC lifted its position in Ooma by 6.7% in the 3rd quarter. Emancipation Management LLC now owns 171,892 shares of the technology company’s stock valued at $1,813,000 after purchasing an additional 10,832 shares during the last quarter. Wolverine Trading LLC bought a new stake in Ooma in the 3rd quarter valued at about $115,000. Parametric Portfolio Associates LLC raised its position in shares of Ooma by 94.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 24,092 shares of the technology company’s stock worth $193,000 after buying an additional 11,686 shares in the last quarter. Deutsche Bank AG raised its position in shares of Ooma by 35.7% during the 4th quarter. Deutsche Bank AG now owns 44,790 shares of the technology company’s stock worth $533,000 after buying an additional 11,791 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in shares of Ooma by 25.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 60,090 shares of the technology company’s stock worth $718,000 after buying an additional 12,253 shares in the last quarter. Hedge funds and other institutional investors own 72.33% of the company’s stock.
Ooma (NYSE:OOMA) opened at $10.15 on Tuesday. Ooma has a fifty-two week low of $7.30 and a fifty-two week high of $12.75.
Ooma Company Profile
Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.
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