Ooma, Inc. (NYSE:OOMA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Ooma, Inc. (NYSE:OOMA) have received an average recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $17.63.

Several analysts recently commented on the stock. Benchmark increased their price objective on shares of Ooma from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Lake Street Capital decreased their price objective 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.

Ooma Trading Up 0.8 %

Ooma stock opened at $12.34 on Friday. Ooma has a 12 month low of $6.50 and a 12 month high of $17.00. The company has a market capitalization of $340.45 million, a price-to-earnings ratio of -33.34 and a beta of 1.06. The business’s fifty day simple moving average is $13.54 and its two-hundred day simple moving average is $13.64. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC boosted its stake in shares of Ooma by 2.1% in the third quarter. Jane Street Group LLC now owns 40,547 shares of the technology company’s stock worth $462,000 after acquiring an additional 818 shares during the period. Barclays PLC grew its holdings in Ooma by 0.9% during the 4th quarter. Barclays PLC now owns 99,891 shares of the technology company’s stock valued at $1,405,000 after buying an additional 927 shares in the last quarter. SG Americas Securities LLC grew its holdings in Ooma by 26.4% during the 4th 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 in the last quarter. Occudo Quantitative Strategies LP raised its position in shares of Ooma by 14.1% during the fourth quarter. Occudo Quantitative Strategies LP now owns 22,957 shares of the technology company’s stock valued at $323,000 after buying an additional 2,833 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Ooma by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 70,829 shares of the technology company’s stock worth $807,000 after buying an additional 3,138 shares in the last quarter. Institutional investors own 80.42% of the company’s stock.

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.