Dynamic Technology Lab Private Ltd Purchases New Position in Ooma, Inc. (NYSE:OOMA)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Ooma, Inc. (NYSE:OOMA) during the 3rd quarter, Holdings Channel reports. The fund acquired 24,635 shares of the technology company’s stock, valued at approximately $280,000.

Several other institutional investors have also modified their holdings of OOMA. Bailard Inc. bought a new position in Ooma during the 2nd quarter valued at about $108,000. SG Americas Securities LLC bought a new position in shares of Ooma during the third quarter valued at approximately $115,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Ooma in the second quarter worth approximately $119,000. Gladius Capital Management LP bought a new stake in shares of Ooma during the 3rd quarter worth approximately $165,000. Finally, Essex Investment Management Co. LLC purchased a new position in Ooma during the 3rd quarter valued at $229,000. 80.42% of the stock is owned by institutional investors.

Ooma Price Performance

OOMA opened at $14.80 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.83 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $12.52 and its 200-day simple moving average is $10.42. The company has a market capitalization of $396.64 million, a price-to-earnings ratio of -77.89 and a beta of 0.92. Ooma, Inc. has a 12-month low of $6.50 and a 12-month high of $14.82.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OOMA. JMP Securities reiterated a “market perform” rating on shares of Ooma in a research note on Wednesday, August 28th. B. Riley lifted 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. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.75.

Ooma 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.