Ooma, Inc. (NYSE:OOMA) Receives Average Recommendation of "Moderate Buy" from Brokerages

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

Several equities analysts recently issued reports on OOMA shares. Lake Street Capital reduced their price objective on Ooma from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Benchmark increased their target price on shares of Ooma from $17.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th.

Ooma Stock Performance

NYSE:OOMA traded down $0.05 during trading hours on Thursday, reaching $13.35. 31,588 shares of the stock were exchanged, compared to its average volume of 122,316. The stock has a market capitalization of $367.94 million, a P/E ratio of -36.08 and a beta of 1.21. The firm has a 50 day simple moving average of $12.78 and a 200-day simple moving average of $13.72. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. Ooma has a 52 week low of $7.16 and a 52 week high of $17.00.

Institutional Investors Weigh In On Ooma

Several large investors have recently added to or reduced their stakes in OOMA. Barclays PLC grew its position in shares of Ooma by 32.7% during the third 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 last quarter. SG Americas Securities LLC boosted its stake in Ooma by 26.4% during the 4th quarter. SG Americas Securities LLC now owns 12,768 shares of the technology company's stock valued at $180,000 after purchasing an additional 2,663 shares during the period. Inspire Investing LLC bought a new position in Ooma in the 4th quarter worth about $802,000. Bard Associates Inc. increased its stake in shares of Ooma by 31.1% in the fourth quarter. Bard Associates Inc. now owns 26,675 shares of the technology company's stock valued at $375,000 after purchasing an additional 6,328 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Ooma by 40.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,221 shares of the technology company's stock valued at $3,223,000 after buying an additional 66,009 shares during the last quarter. 80.42% of the stock is owned by institutional investors and hedge funds.

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.