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

Ooma, Inc. (NYSE:OOMA) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $16.60.

Several equities research analysts recently commented on the stock. Northland Securities lifted their price target on shares of Ooma from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. JMP Securities reissued a “market perform” rating on shares of Ooma in a report on Wednesday, August 28th. Benchmark raised their price target on Ooma from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. B. Riley increased their price target on shares of Ooma from $14.50 to $15.50 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, StockNews.com upgraded shares of Ooma from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th.

Insider Activity

In other Ooma news, SVP James A. Gustke sold 3,582 shares of Ooma stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $17.00, for a total transaction of $60,894.00. Following the completion of the transaction, the senior vice president now owns 27,675 shares in the company, valued at approximately $470,475. The trade was a 11.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William D. Pearce sold 3,700 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $15.54, for a total transaction of $57,498.00. Following the completion of the sale, the director now owns 163,353 shares in the company, valued at $2,538,505.62. This represents a 2.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,633 shares of company stock worth $2,197,295 in the last 90 days. 9.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in OOMA. Vanguard Group Inc. grew its position in shares of Ooma by 5.7% in the first quarter. Vanguard Group Inc. now owns 1,266,320 shares of the technology company’s stock valued at $10,802,000 after purchasing an additional 68,430 shares during the period. Acadian Asset Management LLC raised its stake in Ooma by 40.4% during the second quarter. Acadian Asset Management LLC now owns 535,404 shares of the technology company’s stock worth $5,314,000 after purchasing an additional 154,117 shares during the period. Walleye Capital LLC boosted its holdings in shares of Ooma by 101.6% in the 3rd quarter. Walleye Capital LLC now owns 55,029 shares of the technology company’s stock valued at $627,000 after purchasing an additional 27,727 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Ooma by 69.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 163,212 shares of the technology company’s stock valued at $1,859,000 after buying an additional 66,678 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in Ooma in the second quarter valued at $119,000. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Ooma Trading Down 3.4 %

OOMA opened at $14.63 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.83 and a current ratio of 1.08. Ooma has a one year low of $6.50 and a one year high of $17.00. The company has a market cap of $395.01 million, a P/E ratio of -39.54 and a beta of 0.94. The business’s 50-day simple moving average is $13.30 and its 200-day simple moving average is $10.93.

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.