Ooma, Inc. (NYSE:OOMA) Receives $17.63 Average PT from Analysts

Shares of Ooma, Inc. (NYSE:OOMA - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $17.63.

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

Ooma Stock Down 4.2%

OOMA stock traded down $0.58 during midday trading on Monday, hitting $13.08. The company's stock had a trading volume of 196,971 shares, compared to its average volume of 122,473. The company has a market cap of $360.36 million, a PE ratio of -35.34 and a beta of 1.21. Ooma has a 12 month low of $7.83 and a 12 month high of $17.00. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04. The firm's 50-day moving average is $12.73 and its 200-day moving average is $13.78.

Institutional Investors Weigh In On Ooma

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its holdings in shares of Ooma by 26.4% in 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 in the last quarter. Bard Associates Inc. boosted its holdings 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 acquiring an additional 6,328 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Ooma by 40.4% in 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 acquiring an additional 66,009 shares in the last quarter. Globeflex Capital L P boosted its holdings in Ooma by 473.7% during the fourth quarter. Globeflex Capital L P now owns 77,305 shares of the technology company's stock worth $1,087,000 after buying an additional 63,831 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Ooma during the fourth quarter worth about $92,000. 80.42% of the stock is currently owned by institutional investors and hedge funds.

Ooma Company 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.