Is it time to Buy before this week’s earning report Ooma Stock Forecast, Price & News (NYSE:OOMA)

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Earnings results for Ooma Stock Forecast, Price & News (NYSE:OOMA)

Ooma, Inc. is expected* to report earnings on 08/25/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.07. The reported EPS for the same quarter last year was $-0.21.

Ooma last posted its earnings results on May 26th, 2020. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.24. The firm earned $40.31 million during the quarter, compared to analysts’ expectations of $39.89 million. Ooma has generated ($0.65) earnings per share over the last year. Ooma has confirmed that its next quarterly earnings report will be published on Tuesday, August 25th, 2020.

Analyst Opinion on Ooma Stock Forecast, Price & News (NYSE:OOMA)

8 Wall Street analysts have issued ratings and price targets for Ooma in the last 12 months. Their average twelve-month price target is $20.40, predicting that the stock has a possible upside of 35.37%. The high price target for OOMA is $22.00 and the low price target for OOMA is $15.00. There are currently 2 sell ratings, 1 hold rating and 5 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Ooma has received a consensus rating of Hold. The company’s average rating score is 2.38, and is based on 5 buy ratings, 1 hold rating, and 2 sell ratings. According to analysts’ consensus price target of $20.40, Ooma has a forecasted upside of 35.4% from its current price of $15.07. Ooma has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Ooma Stock Forecast, Price & News (NYSE:OOMA)

Ooma does not currently pay a dividend. Ooma does not have a long track record of dividend growth.

Insiders buying/selling: Ooma Stock Forecast, Price & News (NYSE:OOMA)

In the past three months, Ooma insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $869,894.00 in company stock. Only 10.19% of the stock of Ooma is held by insiders. 75.57% of the stock of Ooma is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Ooma Stock Forecast, Price & News (NYSE:OOMA

Earnings for Ooma are expected to decrease in the coming year, from ($0.29) to ($0.38) per share. The P/E ratio of Ooma is -20.93, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Ooma is -20.93, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Ooma has a P/B Ratio of 11.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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