Bard Associates Inc. Grows Stock Holdings in Ooma, Inc. (NYSE:OOMA)

Bard Associates Inc. boosted its holdings in shares of Ooma, Inc. (NYSE:OOMA) by 31.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,675 shares of the technology company’s stock after purchasing an additional 6,328 shares during the quarter. Bard Associates Inc.’s holdings in Ooma were worth $375,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of OOMA. Virtus Investment Advisers Inc. purchased a new stake in Ooma during the third quarter valued at $98,000. Paloma Partners Management Co bought a new position in Ooma during the third quarter valued at $126,000. Gladius Capital Management LP bought a new position in Ooma during the third quarter valued at $165,000. PDT Partners LLC bought a new position in Ooma during the third quarter valued at $170,000. Finally, SG Americas Securities LLC increased 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 valued at $180,000 after acquiring an additional 2,663 shares during the last quarter. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on OOMA shares. Northland Securities boosted their price objective on shares of Ooma from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Lake Street Capital boosted their price objective on shares of Ooma from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Benchmark boosted their price objective on shares of Ooma from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. B. Riley boosted their price objective on shares of Ooma from $14.50 to $15.50 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, StockNews.com upgraded shares of Ooma from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $16.60.

Insiders Place Their Bets

In other Ooma news, Director Andrew H. Galligan sold 14,824 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $14.56, for a total transaction of $215,837.44. Following the completion of the sale, the director now directly owns 241,932 shares of the company’s stock, valued at approximately $3,522,529.92. This represents a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP James A. Gustke sold 3,582 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $17.00, for a total transaction of $60,894.00. Following the sale, the senior vice president now directly owns 27,675 shares of the company’s stock, valued at approximately $470,475. The trade was a 11.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 158,457 shares of company stock worth $2,413,132 in the last three months. Corporate insiders own 9.76% of the company’s stock.

Ooma Stock Down 3.6 %

Shares of Ooma stock opened at $13.86 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 0.82. Ooma, Inc. has a 1 year low of $6.50 and a 1 year high of $17.00. The firm’s 50-day moving average is $14.44 and its two-hundred day moving average is $13.00. The stock has a market cap of $374.22 million, a price-to-earnings ratio of -37.46 and a beta of 0.96.

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.