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

Ooma, Inc. (NYSE:OOMA) has received an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $16.60.

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

Insider Buying and Selling at Ooma

In other Ooma news, CEO Eric B. Stang sold 61,580 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $15.10, for a total value of $929,858.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP James A. Gustke sold 3,582 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $17.00, for a total transaction of $60,894.00. Following the transaction, the senior vice president now 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 disclosure for this sale can be found here. In the last quarter, insiders sold 158,457 shares of company stock worth $2,413,132. 9.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ooma

Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtus Investment Advisers Inc. acquired a new stake in Ooma in the third quarter worth about $98,000. SG Americas Securities LLC bought a new position in shares of Ooma in the 3rd quarter valued at about $115,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Ooma during the 2nd quarter worth approximately $119,000. Paloma Partners Management Co bought a new stake in shares of Ooma during the third quarter worth approximately $126,000. Finally, Gladius Capital Management LP acquired a new position in Ooma in the third quarter valued at approximately $165,000. 80.42% of the stock is owned by institutional investors and hedge funds.

Ooma Price Performance

Shares of NYSE:OOMA opened at $13.86 on Friday. The business’s 50 day moving average is $14.11 and its 200-day moving average is $11.63. The company has a current ratio of 1.08, a quick ratio of 0.83 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $374.22 million, a PE ratio of -37.46 and a beta of 0.96. Ooma has a 1-year low of $6.50 and a 1-year high of $17.00.

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.