Ooma Inc. (NYSE:OOMA) has a beta value of 0.41 and has seen 0.42 million shares traded in the last trading session. The company, currently valued at $457.60M, closed the last trade at $22.62 per share which meant it gained $2.89 on the day or 14.65% during that session. The OOMA stock price is -10.04% off its 52-week high price of $24.89 and 44.61% above the 52-week low of $12.53. The 3-month trading volume is 162.57K shares.
The consensus among analysts is that Ooma Inc. (OOMA) is a Buy stock at the moment, with a recommendation rating of 1.80. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 6 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.09.
Ooma Inc. (NYSE:OOMA) trade information
Sporting 14.65% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the OOMA stock price touched $22.62 or saw a rise of 2.71%. Year-to-date, Ooma Inc. shares have moved 57.08%, while the 5-day performance has seen it change 22.93%. Over the past 30 days, the shares of Ooma Inc. (NYSE:OOMA) have changed 26.86%.
Wall Street analysts have a consensus price target for the stock at $26.90, which means that the shares’ value could jump 15.91% from current levels. The projected low price target is $24.00 while the price target rests at a high of $30.00. In that case, then, we find that the current price level is -32.63% off the targeted high while a plunge would see the stock gain -6.1% from current levels.
Ooma Inc. (OOMA) estimates and forecasts
Figures show that Ooma Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 38.18% over the past 6 months, with this year growth rate of -28.57%, compared to 6.50% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -30.80% and -46.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 10.40%.
6 analysts offering their estimates for the company have set an average revenue estimate of $46.36 million for the current quarter. 6 have an estimated revenue figure of $46.73 million for the next quarter concluding in Oct 2021.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 39.80% over the past 5 years. Earnings growth for 2021 is a modest 87.80% while over the next 5 years, the company’s earnings are expected to increase by 47.70%.
Ooma Inc. is expected to release its next earnings report between November 17 and November 22 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Ooma Inc. (NYSE:OOMA)’s Major holders
Insiders own 7.45% of the company shares, while shares held by institutions stand at 84.35% with a share float percentage of 91.13%. Investors are also buoyed by the number of investors in a company, with Ooma Inc. having a total of 148 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 1.75 million shares worth more than $32.97 million. As of Jun 29, 2021, Blackrock Inc. held 7.53% of shares outstanding.
The other major institutional holder is Trigran Investments Inc, with the holding of over 1.58 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $29.76 million and represent 6.80% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Jun 29, 2021, the former fund manager holds about 2.94% shares in the company for having 0.68 million shares of worth $12.85 million while later fund manager owns 0.5 million shares of worth $9.43 million as of Jun 29, 2021, which makes it owner of about 2.15% of company’s outstanding stock.