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

Shares of Ooma, Inc. (NYSE:OOMA) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $16.60.

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

Insider Transactions at Ooma

In other news, SVP James A. Gustke sold 3,582 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $17.00, for a total transaction of $60,894.00. Following the sale, the senior vice president now owns 27,675 shares of the company’s stock, valued at $470,475. This trade represents a 11.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew H. Galligan sold 14,824 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $14.56, for a total transaction of $215,837.44. Following the sale, the director now directly owns 241,932 shares in the company, valued at $3,522,529.92. The trade was a 5.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 158,457 shares of company stock valued at $2,413,132 in the last 90 days. 9.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mackenzie Financial Corp lifted its position in shares of Ooma by 98.1% during the 4th quarter. Mackenzie Financial Corp now owns 47,109 shares of the technology company’s stock valued at $662,000 after buying an additional 23,331 shares in the last quarter. Connective Capital Management LLC purchased a new position in shares of Ooma during the 4th quarter valued at approximately $431,000. Squarepoint Ops LLC purchased a new position in shares of Ooma during the 4th quarter valued at approximately $186,000. Two Sigma Investments LP lifted its position in shares of Ooma by 16.9% during the 4th quarter. Two Sigma Investments LP now owns 100,482 shares of the technology company’s stock valued at $1,413,000 after buying an additional 14,530 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of Ooma by 85.8% during the 4th quarter. Two Sigma Advisers LP now owns 134,500 shares of the technology company’s stock valued at $1,891,000 after buying an additional 62,100 shares in the last quarter. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Ooma Stock Performance

OOMA stock opened at $14.44 on Friday. The firm has a market cap of $389.88 million, a price-to-earnings ratio of -39.03 and a beta of 0.96. The firm has a 50-day simple moving average of $14.43 and a two-hundred day simple moving average of $12.72. Ooma has a one year low of $6.50 and a one year high of $17.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 1.08.

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.