Trexquant Investment LP Has $1.38 Million Holdings in Ooma, Inc. (NYSE:OOMA)

Trexquant Investment LP raised its holdings in Ooma, Inc. (NYSE:OOMA - Free Report) by 167.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 98,133 shares of the technology company's stock after purchasing an additional 61,434 shares during the quarter. Trexquant Investment LP owned approximately 0.36% of Ooma worth $1,380,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of OOMA. Quantbot Technologies LP acquired a new stake in Ooma in the fourth quarter worth about $92,000. EntryPoint Capital LLC bought a new stake in shares of Ooma during the fourth quarter worth approximately $153,000. SG Americas Securities LLC lifted its holdings in Ooma by 26.4% in the fourth quarter. SG Americas Securities LLC now owns 12,768 shares of the technology company's stock valued at $180,000 after buying an additional 2,663 shares during the period. XTX Topco Ltd bought a new position in Ooma in the third quarter valued at approximately $185,000. Finally, Franklin Resources Inc. acquired a new stake in Ooma during the 3rd quarter worth $197,000. Institutional investors and hedge funds own 80.42% of the company's stock.

Ooma Trading Up 2.6 %

Shares of OOMA stock traded up $0.32 on Tuesday, hitting $12.50. The stock had a trading volume of 13,093 shares, compared to its average volume of 124,547. 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, Inc. has a twelve month low of $6.50 and a twelve month high of $17.00. The company has a fifty day moving average price of $13.73 and a two-hundred day moving average price of $13.63. The firm has a market cap of $345 million, a P/E ratio of -33.76 and a beta of 1.06.

Wall Street Analyst Weigh In

OOMA has been the topic of a number of analyst reports. Benchmark increased their price target on Ooma from $17.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Lake Street Capital cut their target price on Ooma from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. One 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 stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $17.63.

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.