EntryPoint Capital LLC Makes New Investment in Ooma, Inc. (NYSE:OOMA)

EntryPoint Capital LLC acquired a new stake in Ooma, Inc. (NYSE:OOMA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,879 shares of the technology company’s stock, valued at approximately $153,000.

Other hedge funds have also recently made changes to their positions in the company. Prudential Financial Inc. bought a new position in Ooma in the 4th quarter valued at about $363,000. Perkins Capital Management Inc. lifted its holdings in shares of Ooma by 13.3% in the fourth quarter. Perkins Capital Management Inc. now owns 190,409 shares of the technology company’s stock valued at $2,677,000 after purchasing an additional 22,309 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Ooma by 5.6% during the fourth quarter. Vanguard Group Inc. now owns 1,338,725 shares of the technology company’s stock valued at $18,822,000 after buying an additional 71,247 shares during the last quarter. Sei Investments Co. grew its holdings in Ooma by 101.0% during the fourth quarter. Sei Investments Co. now owns 36,378 shares of the technology company’s stock worth $511,000 after buying an additional 18,275 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Ooma during the fourth quarter worth $92,000. 80.42% of the stock is currently owned by institutional investors and hedge funds.

Ooma Trading Down 4.2 %

NYSE OOMA opened at $12.89 on Monday. The business’s fifty day moving average is $14.27 and its 200-day moving average is $13.55. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 0.82. The stock has a market capitalization of $348.03 million, a price-to-earnings ratio of -34.84 and a beta of 0.99. Ooma, Inc. has a one year low of $6.50 and a one year high of $17.00.

Analyst Upgrades and Downgrades

OOMA has been the topic of several recent analyst reports. Northland Securities raised their price objective on Ooma from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. StockNews.com raised shares of Ooma from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Lake Street Capital reduced their price objective on shares of Ooma from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Finally, Benchmark lifted their target price on shares of Ooma from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Ooma has an average rating of “Buy” and an average price target of $17.63.

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.