Prudential Financial Inc. Invests $363,000 in Ooma, Inc. (NYSE:OOMA)

Prudential Financial Inc. purchased a new stake in Ooma, Inc. (NYSE:OOMA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 25,825 shares of the technology company's stock, valued at approximately $363,000. Prudential Financial Inc. owned 0.10% of Ooma at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of OOMA. Quantbot Technologies LP acquired a new stake in Ooma in the fourth quarter valued at $92,000. SG Americas Securities LLC lifted its stake in 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 during the last quarter. XTX Topco Ltd bought a new position in Ooma during the third quarter worth about $185,000. Franklin Resources Inc. bought a new stake in Ooma in the third quarter valued at approximately $197,000. Finally, Bard Associates Inc. lifted its position 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 buying an additional 6,328 shares during the last quarter. Institutional investors own 80.42% of the company's stock.

Analyst Upgrades and Downgrades

OOMA has been the subject of several research reports. Benchmark raised their price target on Ooma from $17.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Lake Street Capital lowered their price target on shares of Ooma from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $17.63.

Ooma Stock Performance

Shares of NYSE:OOMA traded down $0.12 on Wednesday, reaching $12.33. 8,483 shares of the company's stock were exchanged, compared to its average volume of 124,667. 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 company has a market capitalization of $340.17 million, a price-to-earnings ratio of -33.30 and a beta of 1.06. The company has a fifty day moving average of $13.69 and a 200-day moving average of $13.62. Ooma, Inc. has a twelve month low of $6.50 and a twelve month high of $17.00.

Ooma 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.