Ooma, Inc. (NYSE:OOMA) Receives $14.50 Consensus Target Price from Analysts

Ooma, Inc. (NYSE:OOMA) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $14.50.

OOMA has been the subject of a number of recent research reports. JMP Securities reiterated a “market perform” rating on shares of Ooma in a report on Wednesday, August 28th. Lake Street Capital began coverage on shares of Ooma in a research note on Monday, June 17th. They set a “buy” rating and a $14.00 price objective for the company.

Institutional Investors Weigh In On Ooma

A number of large investors have recently modified their holdings of OOMA. Russell Investments Group Ltd. boosted its stake in Ooma by 37.4% in the 1st quarter. Russell Investments Group Ltd. now owns 579,342 shares of the technology company’s stock worth $4,942,000 after purchasing an additional 157,569 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Ooma by 5.7% during the first quarter. Vanguard Group Inc. now owns 1,266,320 shares of the technology company’s stock valued at $10,802,000 after buying an additional 68,430 shares during the last quarter. Boston Partners grew its holdings in shares of Ooma by 382.5% during the first quarter. Boston Partners now owns 463,079 shares of the technology company’s stock valued at $3,940,000 after buying an additional 367,099 shares during the last quarter. Trigran Investments Inc. increased its position in shares of Ooma by 9.9% in the 4th quarter. Trigran Investments Inc. now owns 4,036,263 shares of the technology company’s stock valued at $43,309,000 after acquiring an additional 364,908 shares during the period. Finally, Wellington Management Group LLP raised its stake in Ooma by 5.1% in the 4th quarter. Wellington Management Group LLP now owns 1,246,310 shares of the technology company’s stock worth $13,373,000 after acquiring an additional 60,500 shares during the last quarter. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Ooma Trading Down 1.1 %

OOMA opened at $10.36 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.81 and a debt-to-equity ratio of 0.14. The firm has a market cap of $273.50 million, a price-to-earnings ratio of -103.60 and a beta of 0.92. Ooma has a 12 month low of $6.50 and a 12 month high of $14.40. The stock has a fifty day moving average price of $9.45 and a 200-day moving average price of $8.73.

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.