Ooma, Inc. (NYSE:OOMA) Receives $16.60 Consensus Price Target from Analysts

Shares of Ooma, Inc. (NYSE:OOMAGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $16.60.

Several research analysts have commented on OOMA shares. Lake Street Capital raised their price objective on Ooma from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com raised Ooma from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Benchmark lifted their price target on Ooma from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. B. Riley lifted their price target on Ooma from $14.50 to $15.50 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Northland Securities lifted their price target on Ooma from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th.

Check Out Our Latest Stock Report on OOMA

Ooma Trading Up 3.0 %

OOMA opened at $14.85 on Friday. The stock’s fifty day moving average is $14.43 and its two-hundred day moving average is $12.82. The company has a market capitalization of $400.84 million, a P/E ratio of -40.12 and a beta of 0.96. Ooma has a 52 week low of $6.50 and a 52 week high of $17.00. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.04.

Insider Buying and Selling at Ooma

In other Ooma news, CEO Eric B. Stang sold 61,580 shares of the 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 completion of the transaction, the chief executive officer now owns 1,245,665 shares of the company’s stock, valued at $18,809,541.50. This represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James A. Gustke sold 3,582 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $470,475. The trade was a 11.46 % decrease in their position. 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. Insiders own 9.76% of the company’s stock.

Hedge Funds Weigh In On Ooma

A number of hedge funds have recently made changes to their positions in the company. Jane Street Group LLC raised its holdings in shares of Ooma by 2.1% during the third quarter. Jane Street Group LLC now owns 40,547 shares of the technology company’s stock valued at $462,000 after acquiring an additional 818 shares during the last quarter. Barclays PLC grew its position in shares of Ooma by 0.9% in the fourth quarter. Barclays PLC now owns 99,891 shares of the technology company’s stock valued at $1,405,000 after purchasing an additional 927 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Ooma by 0.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 179,679 shares of the technology company’s stock valued at $2,047,000 after purchasing an additional 1,364 shares in the last quarter. SG Americas Securities LLC grew its position 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 purchasing an additional 2,663 shares in the last quarter. Finally, Occudo Quantitative Strategies LP grew its position in shares of Ooma by 14.1% in the fourth quarter. Occudo Quantitative Strategies LP now owns 22,957 shares of the technology company’s stock valued at $323,000 after purchasing an additional 2,833 shares in the last quarter. Institutional investors and hedge funds own 80.42% of the company’s stock.

About Ooma

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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.

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Analyst Recommendations for Ooma (NYSE:OOMA)

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