Arrowstreet Capital Limited Partnership Grows Stock Holdings in Ooma, Inc. (NYSE:OOMA)

Arrowstreet Capital Limited Partnership lifted its stake in Ooma, Inc. (NYSE:OOMA - Free Report) by 284.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 253,016 shares of the technology company's stock after purchasing an additional 187,245 shares during the period. Arrowstreet Capital Limited Partnership owned 0.94% of Ooma worth $3,557,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Ooma in the 4th quarter worth about $1,067,000. EntryPoint Capital LLC purchased a new stake in Ooma during the 4th quarter valued at $153,000. Prudential Financial Inc. purchased a new stake in shares of Ooma during the fourth quarter valued at $363,000. Perkins Capital Management Inc. grew its stake in shares of Ooma by 13.3% in the fourth quarter. Perkins Capital Management Inc. now owns 190,409 shares of the technology company's stock worth $2,677,000 after acquiring an additional 22,309 shares during the period. Finally, Vanguard Group Inc. raised its stake in Ooma by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 1,338,725 shares of the technology company's stock valued at $18,822,000 after buying an additional 71,247 shares during the last quarter. 80.42% of the stock is owned by institutional investors.

Ooma Price Performance

Shares of NYSE OOMA traded up $0.28 during mid-day trading on Monday, hitting $12.30. 4,171 shares of the company's stock traded hands, compared to its average volume of 124,447. The company has a market capitalization of $339.34 million, a P/E ratio of -33.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 0.82. The company's 50-day moving average is $13.78 and its two-hundred day moving average is $13.63. Ooma, Inc. has a 1 year low of $6.50 and a 1 year high of $17.00.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OOMA. Benchmark raised their price objective on shares of Ooma from $17.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Lake Street Capital lowered their price target on Ooma from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $17.63.

Ooma Profile

Ooma, Inc provides communications services and related technologies for businesses and consumers in the United States and Canada. The company's products and services include Ooma Office, a cloud-based multi-user communications system for small and medium-sized businesses; Ooma Connect, which delivers fixed wireless internet connectivity; and Ooma Enterprise, a unified-communications-as-a-service (UCaaS) solution.