Brokerages Set Ooma, Inc. (NYSE:OOMA) Price Target at $17.63

Ooma, Inc. (NYSE:OOMA - Get Free Report) has received an average recommendation of "Moderate Buy" from the five research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $17.63.

A number of research firms recently weighed in on OOMA. Benchmark upped their price target on Ooma from $17.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Lake Street Capital reduced their target price on Ooma from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th.

Ooma Stock Performance

OOMA traded up $0.10 on Friday, reaching $12.34. The stock had a trading volume of 123,246 shares, compared to its average volume of 125,053. The business's 50-day moving average price is $13.59 and its two-hundred day moving average price is $13.62. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04. Ooma has a 12-month low of $6.50 and a 12-month high of $17.00. The company has a market cap of $340.45 million, a P/E ratio of -33.34 and a beta of 1.06.

Institutional Investors Weigh In On Ooma

Large investors have recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of Ooma during the fourth quarter worth approximately $92,000. EntryPoint Capital LLC acquired a new stake in shares of Ooma in the fourth quarter valued at about $153,000. Oxford Asset Management LLP purchased a new position in shares of Ooma in the fourth quarter worth about $168,000. SG Americas Securities LLC boosted its position in Ooma by 26.4% during the fourth 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 last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Ooma during the 4th quarter valued at about $186,000. 80.42% of the stock is currently owned by hedge funds and other institutional investors.

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.