Ooma (NYSE:OOMA) Shares Gap Down – Time to Sell?

21 Oct 2026, 09:41 by Sarita Garza · The Markets Daily

Ooma, Inc. (NYSE:OOMA – Get Free Report) shares gapped down before the market opened on Monday. The stock had previously closed at $20.48, but opened at $19.76. Ooma shares last traded at $19.62, with a volume of 12,154 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on OOMA shares. UBS Group reaffirmed a “buy” rating on shares of Ooma in a research note on Thursday, August 27th. Citigroup reissued a “market perform” rating on shares of Ooma in a research note on Monday, September 28th. Zacks Research upgraded Ooma from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Freedom Broker boosted their target price on Ooma from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. Finally, Lake Street Capital restated a “buy” rating and issued a $25.00 price target on shares of Ooma in a research report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $25.00.

Read Our Latest Research Report on OOMA

Ooma Stock Up 1.1%

The firm has a market capitalization of $549.38 million, a price-to-earnings ratio of 52.38 and a beta of 1.23. The business has a 50 day simple moving average of $21.41 and a 200-day simple moving average of $19.40. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 0.95.

Ooma (NYSE:OOMA – Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. Ooma had a net margin of 3.57% and a return on equity of 23.55%. The firm had revenue of $83.23 million for the quarter, compared to analysts’ expectations of $81.72 million. Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS. On average, equities analysts expect that Ooma, Inc. will post 0.87 EPS for the current year.

Insider Activity at Ooma

In other Ooma news, CFO Shigeyuki Hamamatsu sold 4,807 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $22.33, for a total value of $107,340.31. Following the transaction, the chief financial officer directly owned 179,420 shares in the company, valued at $4,006,448.60. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jenny Yeh sold 20,966 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $24.05, for a total transaction of $504,232.30. Following the completion of the sale, the senior vice president directly owned 237,649 shares of the company’s stock, valued at approximately $5,715,458.45. This trade represents a 8.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 86,861 shares of company stock valued at $2,005,037 over the last ninety days. Corporate insiders own 9.90% of the company’s stock.

Institutional Trading of Ooma

Several institutional investors have recently made changes to their positions in OOMA. BlackRock Inc. purchased a new position in shares of Ooma during the 2nd quarter worth $69,001,000. Renaissance Technologies LLC raised its holdings in Ooma by 12.2% in the 1st quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company’s stock valued at $13,273,000 after buying an additional 99,100 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in Ooma in the 1st quarter valued at about $5,847,000. Dimensional Fund Advisors LP raised its holdings in Ooma by 13.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 379,007 shares of the technology company’s stock valued at $5,514,000 after buying an additional 44,097 shares during the period. Finally, Globeflex Capital L P acquired a new position in Ooma in the second quarter valued at about $4,235,000. Hedge funds and other institutional investors own 80.42% of the company’s stock.

About Ooma

(Get Free Report)

Ooma, Inc is a cloud communications company that provides voice, collaboration, and related services to small and midsize businesses, enterprises, and consumers. Its business offerings are designed to replace or complement traditional business phone systems with internet-based communications delivered through software and connected devices.