Ooma, Inc. (NYSE:OOMA) Stake Boosted by Marshall Wace LLP

Marshall Wace LLP increased its holdings in shares of Ooma, Inc. (NYSE:OOMA - Free Report) by 188.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 146,621 shares of the technology company's stock after purchasing an additional 95,765 shares during the period. Marshall Wace LLP owned 0.54% of Ooma worth $2,061,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Prudential Financial Inc. acquired a new position in shares of Ooma during the fourth quarter worth about $363,000. State Street Corp raised its holdings in shares of Ooma by 2.9% during the 3rd quarter. State Street Corp now owns 475,737 shares of the technology company's stock valued at $5,419,000 after buying an additional 13,240 shares during the period. Inspire Investing LLC acquired a new position in Ooma during the 4th quarter worth approximately $802,000. Barclays PLC boosted its holdings in Ooma by 32.7% in the 3rd quarter. Barclays PLC now owns 98,964 shares of the technology company's stock worth $1,128,000 after acquiring an additional 24,402 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in Ooma in the third quarter valued at approximately $197,000. 80.42% of the stock is currently owned by institutional investors and hedge funds.

Ooma Stock Up 2.9 %

Shares of Ooma stock traded up $0.36 during trading on Friday, reaching $12.51. The company had a trading volume of 57,926 shares, compared to its average volume of 123,310. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 1.08. Ooma, Inc. has a fifty-two week low of $6.82 and a fifty-two week high of $17.00. The firm's fifty day moving average is $12.97 and its 200-day moving average is $13.66. The company has a market cap of $344.65 million, a price-to-earnings ratio of -33.67 and a beta of 1.06.

Analysts Set New Price Targets

A number of research analysts have recently commented on OOMA shares. Benchmark boosted their target price on shares of Ooma from $17.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Lake Street Capital cut their price objective on shares of Ooma from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company 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.