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

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

Several equities analysts have weighed in on OOMA shares. JMP Securities reiterated a “market perform” rating on shares of Ooma in a research report on Wednesday, August 28th. Lake Street Capital lifted their price objective on shares of Ooma from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday. B. Riley lifted their price objective on shares of Ooma from $14.50 to $15.50 and gave the stock a “buy” rating in a research report on Monday, November 25th. StockNews.com upgraded shares of Ooma from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, Benchmark lifted their price objective on shares of Ooma from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd.

Institutional Investors Weigh In On Ooma

A number of institutional investors have recently modified their holdings of OOMA. Vanguard Group Inc. boosted its stake in shares of Ooma by 5.7% during the 1st 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 period. Assenagon Asset Management S.A. lifted its stake in shares of Ooma by 64.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 193,645 shares of the technology company’s stock valued at $1,923,000 after purchasing an additional 76,161 shares during the last quarter. Bailard Inc. acquired a new stake in shares of Ooma in the 2nd quarter valued at $108,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Ooma by 33.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 26,995 shares of the technology company’s stock valued at $268,000 after purchasing an additional 6,732 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Ooma by 17.1% in the 2nd quarter. Rhumbline Advisers now owns 37,636 shares of the technology company’s stock valued at $374,000 after purchasing an additional 5,494 shares during the last quarter. Institutional investors and hedge funds own 80.42% of the company’s stock.

Ooma Trading Down 7.0 %

Ooma stock opened at $14.91 on Monday. Ooma has a 1 year low of $6.50 and a 1 year high of $17.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.83 and a current ratio of 1.15. The firm has a market cap of $399.59 million, a price-to-earnings ratio of -40.30 and a beta of 0.94. The firm’s 50 day moving average price is $12.91 and its two-hundred day moving average price is $10.71.

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.