Ooma, Inc. (NYSE:OOMA) Given Consensus Recommendation of "Moderate Buy" by Analysts

Ooma, Inc. (NYSE:OOMA - Get Free Report) has received an average rating of "Moderate Buy" from the five research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $17.63.

A number of equities analysts have recently commented on the company. Lake Street Capital cut their price objective on Ooma from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Benchmark raised their price target on shares of Ooma from $17.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, March 5th.

Hedge Funds Weigh In On Ooma

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership raised its stake in shares of Ooma by 284.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 253,016 shares of the technology company's stock valued at $3,557,000 after purchasing an additional 187,245 shares during the period. Alliancebernstein L.P. increased its stake in Ooma by 674.1% during the 4th quarter. Alliancebernstein L.P. now owns 128,430 shares of the technology company's stock worth $1,806,000 after buying an additional 111,840 shares during the period. Marshall Wace LLP boosted its position in Ooma by 188.3% in the 4th quarter. Marshall Wace LLP now owns 146,621 shares of the technology company's stock valued at $2,061,000 after buying an additional 95,765 shares during the last quarter. Mackenzie Financial Corp boosted its position in Ooma by 172.9% in the 1st quarter. Mackenzie Financial Corp now owns 128,555 shares of the technology company's stock valued at $1,683,000 after buying an additional 81,446 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Ooma during the fourth quarter valued at about $1,067,000. 80.42% of the stock is owned by institutional investors and hedge funds.

Ooma Trading Down 0.8 %

Shares of OOMA traded down $0.11 during trading hours on Thursday, hitting $12.97. The stock had a trading volume of 85,260 shares, compared to its average volume of 122,550. Ooma has a 12-month low of $7.16 and a 12-month high of $17.00. The firm has a market cap of $357.47 million, a P/E ratio of -35.05 and a beta of 1.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 1.08. The company's fifty day simple moving average is $12.79 and its 200 day simple moving average is $13.69.

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.