Ooma, Inc. (NYSE:OOMA) Receives $17.63 Average Price Target from Analysts

Ooma, Inc. (NYSE:OOMA) has received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $17.63.

OOMA has been the topic of a number of recent research reports. Lake Street Capital lowered their target price on Ooma from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Benchmark lifted their target price on Ooma from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th.

Institutional Investors Weigh In On Ooma

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Ooma by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 1,387,184 shares of the technology company’s stock valued at $18,158,000 after buying an additional 48,459 shares in the last quarter. Mackenzie Financial Corp increased its stake in Ooma by 172.9% in the first quarter. Mackenzie Financial Corp now owns 128,555 shares of the technology company’s stock valued at $1,683,000 after acquiring an additional 81,446 shares during the last quarter. Bailard Inc. raised its position in Ooma by 36.0% during the first quarter. Bailard Inc. now owns 16,392 shares of the technology company’s stock valued at $215,000 after purchasing an additional 4,335 shares in the last quarter. Connective Capital Management LLC bought a new position in shares of Ooma in the 4th quarter valued at $431,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Ooma during the 4th quarter worth $186,000. Institutional investors own 80.42% of the company’s stock.

Ooma Trading Down 0.8 %

NYSE OOMA opened at $12.97 on Thursday. Ooma has a 12 month low of $7.16 and a 12 month high of $17.00. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average of $12.79 and a 200-day moving average of $13.70. The company has a market cap of $357.47 million, a PE ratio of -35.05 and a beta of 1.21.

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.