Cubist Systematic Strategies LLC lifted its stake in Ooma, Inc. (NYSE:OOMA - Free Report) by 45.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 60,688 shares of the technology company's stock after purchasing an additional 18,919 shares during the quarter. Cubist Systematic Strategies LLC owned 0.22% of Ooma worth $853,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Ooma in the 4th quarter valued at $92,000. EntryPoint Capital LLC purchased a new stake in Ooma in the 4th quarter worth about $153,000. Oxford Asset Management LLP acquired a new stake in Ooma during the 4th quarter worth about $168,000. SG Americas Securities LLC boosted its position in Ooma by 26.4% during the 4th quarter. SG Americas Securities LLC now owns 12,768 shares of the technology company's stock worth $180,000 after acquiring an additional 2,663 shares during the period. Finally, ExodusPoint Capital Management LP acquired a new stake in Ooma during the 4th quarter worth about $189,000. Institutional investors and hedge funds own 80.42% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Lake Street Capital decreased 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 note on Wednesday, March 5th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $17.63.
Read Our Latest Stock Report on OOMA
Ooma Stock Performance
Shares of NYSE:OOMA traded up $0.02 during trading on Tuesday, hitting $13.73. 29,446 shares of the stock were exchanged, compared to its average volume of 122,946. Ooma, Inc. has a 1-year low of $7.16 and a 1-year high of $17.00. The company has a market capitalization of $378.38 million, a price-to-earnings ratio of -37.01 and a beta of 1.21. The company's fifty day simple moving average is $12.77 and its 200-day simple moving average is $13.77. 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 Profile
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Free Report)
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.
Further Reading
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