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

Ooma, Inc. (NYSE:OOMA) has been given a consensus recommendation of “Moderate Buy” by the five research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $14.50.

Several research firms recently commented on OOMA. Lake Street Capital began coverage on shares of Ooma in a research report on Monday, June 17th. They issued a “buy” rating and a $14.00 price objective on the stock. JMP Securities reiterated a “market perform” rating on shares of Ooma in a research report on Wednesday, August 28th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OOMA. Trigran Investments Inc. lifted its holdings in 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 purchasing an additional 364,908 shares in the last quarter. Wellington Management Group LLP lifted its holdings 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 valued at $13,373,000 after purchasing an additional 60,500 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Ooma by 31.8% in the 1st quarter. BNP Paribas Financial Markets now owns 56,196 shares of the technology company’s stock valued at $479,000 after purchasing an additional 13,543 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Ooma by 37.4% during the 1st quarter. Russell Investments Group Ltd. now owns 579,342 shares of the technology company’s stock valued at $4,942,000 after acquiring an additional 157,569 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Ooma during the 1st quarter valued at about $130,000. 80.42% of the stock is currently owned by hedge funds and other institutional investors.

Ooma Price Performance

Shares of NYSE OOMA opened at $11.25 on Wednesday. The firm has a market capitalization of $297 million, a P/E ratio of -112.50 and a beta of 0.92. Ooma has a one year low of $6.50 and a one year high of $13.31. The company’s fifty day moving average is $9.88 and its two-hundred day moving average is $8.82. 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 (NYSE:OOMA) last released its quarterly earnings data on Tuesday, August 27th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. Ooma had a negative net margin of 2.04% and a negative return on equity of 2.22%. The business had revenue of $64.13 million for the quarter, compared to analyst estimates of $62.72 million. Analysts forecast that Ooma will post -0.1 EPS for the current fiscal year.

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.