D. E. Shaw & Co. Inc. Has $1.06 Million Position in Ooma, Inc. (NYSE:OOMA)

D. E. Shaw & Co. Inc. grew its holdings in Ooma, Inc. (NYSE:OOMA - Free Report) by 138.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 75,456 shares of the technology company's stock after purchasing an additional 43,776 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.28% of Ooma worth $1,061,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Ooma by 5.6% during the fourth quarter. Vanguard Group Inc. now owns 1,338,725 shares of the technology company's stock valued at $18,822,000 after acquiring an additional 71,247 shares during the period. Renaissance Technologies LLC increased its holdings in Ooma by 0.4% in the fourth quarter. Renaissance Technologies LLC now owns 826,103 shares of the technology company's stock valued at $11,615,000 after purchasing an additional 3,200 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Ooma by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 554,211 shares of the technology company's stock worth $7,794,000 after acquiring an additional 7,693 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Ooma by 284.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 253,016 shares of the technology company's stock worth $3,557,000 after acquiring an additional 187,245 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Ooma by 40.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,221 shares of the technology company's stock worth $3,223,000 after acquiring an additional 66,009 shares in the last quarter. Institutional investors and hedge funds own 80.42% of the company's stock.

Ooma Price Performance

Ooma stock traded up $0.51 during mid-day trading on Tuesday, reaching $13.48. 130,929 shares of the company were exchanged, compared to its average volume of 123,832. The company has a fifty day simple moving average of $12.74 and a 200-day simple moving average of $13.78. Ooma, Inc. has a 12 month low of $7.62 and a 12 month high of $17.00. 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 firm has a market cap of $371.52 million, a PE ratio of -36.43 and a beta of 1.21.

Analysts Set New Price Targets

OOMA has been the subject of several recent research reports. Lake Street Capital reduced their price objective on Ooma from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Benchmark raised their price objective on Ooma from $17.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $17.63.

About Ooma

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.