Bard Associates Inc. Invests $232,000 in Ooma, Inc. (NYSE:OOMA)

Bard Associates Inc. acquired a new position in shares of Ooma, Inc. (NYSE:OOMA) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,347 shares of the technology company’s stock, valued at approximately $232,000.

A number of other institutional investors also recently made changes to their positions in OOMA. Covestor Ltd raised its position in shares of Ooma by 52.7% in the first quarter. Covestor Ltd now owns 6,197 shares of the technology company’s stock valued at $53,000 after buying an additional 2,138 shares in the last quarter. SG Americas Securities LLC acquired a new position in Ooma during the third quarter valued at approximately $115,000. Bailard Inc. acquired a new position in Ooma during the second quarter valued at approximately $108,000. Cubist Systematic Strategies LLC acquired a new position in Ooma during the second quarter valued at approximately $119,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in Ooma during the first quarter valued at approximately $130,000. Institutional investors own 80.42% of the company’s stock.

Ooma Stock Up 0.2 %

Shares of NYSE:OOMA opened at $13.40 on Friday. The company has a fifty day moving average of $11.91 and a 200-day moving average of $9.92. The company has a market capitalization of $359.12 million, a PE ratio of -70.53 and a beta of 0.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.83 and a current ratio of 1.15. Ooma, Inc. has a 52-week low of $6.50 and a 52-week high of $13.85.

Ooma (NYSE:OOMA) last issued its quarterly earnings data on Tuesday, August 27th. The technology company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. The company had revenue of $64.13 million for the quarter, compared to analysts’ expectations of $62.72 million. Ooma had a negative net margin of 2.04% and a negative return on equity of 2.22%. On average, equities analysts predict that Ooma, Inc. will post -0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated a “market perform” rating on shares of Ooma in a research report on Wednesday, August 28th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.50.

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.