Ooma, Inc. (NYSE:OOMA) Given Average Rating of “Moderate Buy” by Analysts

Shares of Ooma, Inc. (NYSE:OOMA) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $16.60.

OOMA has been the topic of a number of research reports. Lake Street Capital boosted their target price on shares of Ooma from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. B. Riley boosted their price objective on shares of Ooma from $14.50 to $15.50 and gave the stock a “buy” rating in a report on Monday, November 25th. StockNews.com upgraded shares of Ooma from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Benchmark upped their price target on Ooma from $15.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Northland Securities lifted their price objective on Ooma from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th.

Insider Activity

In other Ooma news, SVP James A. Gustke sold 3,582 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $17.00, for a total value of $60,894.00. Following the transaction, the senior vice president now directly owns 27,675 shares in the company, valued at $470,475. The trade was a 11.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric B. Stang sold 61,580 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $15.10, for a total transaction of $929,858.00. Following the sale, the chief executive officer now directly owns 1,245,665 shares of the company’s stock, valued at approximately $18,809,541.50. The trade was a 4.71 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 158,457 shares of company stock worth $2,413,132. Company insiders own 9.76% of the company’s stock.

Institutional Investors Weigh In On Ooma

Large investors have recently bought and sold shares of the business. Inspire Investing LLC acquired a new position in Ooma in the fourth quarter worth $802,000. SG Americas Securities LLC raised its holdings in shares of 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 last quarter. Franklin Resources Inc. bought a new stake in Ooma during the 3rd quarter worth about $197,000. Barclays PLC increased its position in Ooma by 32.7% in the 3rd quarter. Barclays PLC now owns 98,964 shares of the technology company’s stock valued at $1,128,000 after acquiring an additional 24,402 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Ooma by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 546,518 shares of the technology company’s stock valued at $6,226,000 after acquiring an additional 4,683 shares in the last quarter. 80.42% of the stock is currently owned by institutional investors.

Ooma Stock Performance

Shares of NYSE OOMA opened at $14.27 on Tuesday. Ooma has a 12 month low of $6.50 and a 12 month high of $17.00. The company has a market cap of $385.29 million, a P/E ratio of -38.57 and a beta of 0.96. The business’s 50 day moving average is $14.38 and its two-hundred day moving average is $12.10. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.04.

Ooma Company 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.