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

Shares of Ooma, Inc. (NYSE:OOMA) have been assigned an average rating of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $17.63.

Several research firms have commented on OOMA. Lake Street Capital dropped their price objective on shares of Ooma from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Benchmark raised their price objective on shares of Ooma from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th.

Ooma Stock Performance

NYSE OOMA opened at $12.46 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. Ooma has a twelve month low of $6.50 and a twelve month high of $17.00. The business has a 50-day moving average price of $13.69 and a 200-day moving average price of $13.62. The firm has a market cap of $343.76 million, a price-to-earnings ratio of -33.66 and a beta of 1.06.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp increased its stake in shares of Ooma by 98.1% during the fourth quarter. Mackenzie Financial Corp now owns 47,109 shares of the technology company’s stock worth $662,000 after buying an additional 23,331 shares during the period. Connective Capital Management LLC acquired a new position in Ooma in the 4th quarter valued at $431,000. Squarepoint Ops LLC purchased a new stake in shares of Ooma in the fourth quarter valued at about $186,000. Two Sigma Investments LP raised its holdings in Ooma by 16.9% during the fourth quarter. Two Sigma Investments LP now owns 100,482 shares of the technology company’s stock worth $1,413,000 after purchasing an additional 14,530 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in Ooma by 85.8% in the fourth quarter. Two Sigma Advisers LP now owns 134,500 shares of the technology company’s stock valued at $1,891,000 after purchasing an additional 62,100 shares during the period. 80.42% of the stock is currently owned by institutional investors and hedge funds.

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.