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

Shares of Ooma, Inc. (NYSE:OOMA) have been given an average recommendation of “Moderate Buy” by the five brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $14.50.

Separately, JMP Securities reissued a “market perform” rating on shares of Ooma in a research note on Wednesday, August 28th.

Institutional Trading of Ooma

Institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd increased its position in shares of Ooma by 52.7% during the first quarter. Covestor Ltd now owns 6,197 shares of the technology company’s stock valued at $53,000 after acquiring an additional 2,138 shares during the last quarter. Bailard Inc. bought a new position in Ooma during the second quarter valued at $108,000. SG Americas Securities LLC bought a new position in Ooma during the third quarter valued at $115,000. Cubist Systematic Strategies LLC bought a new position in Ooma during the second quarter valued at $119,000. Finally, State Board of Administration of Florida Retirement System bought a new position in Ooma during the first quarter valued at $130,000. 80.42% of the stock is owned by hedge funds and other institutional investors.

Ooma Stock Up 1.0 %

OOMA stock opened at $13.64 on Thursday. The stock’s 50 day simple moving average is $11.80 and its 200 day simple moving average is $9.85. Ooma has a fifty-two week low of $6.50 and a fifty-two week high of $13.85. 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 company has a market cap of $365.55 million, a P/E ratio of -71.79 and a beta of 0.92.

Ooma (NYSE:OOMA) last posted its quarterly earnings results on Tuesday, August 27th. The technology company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. Ooma had a negative return on equity of 2.22% and a negative net margin of 2.04%. The business had revenue of $64.13 million for the quarter, compared to the consensus estimate of $62.72 million. On average, research analysts expect that Ooma will post -0.1 earnings per share for the current fiscal year.

About Ooma

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.