Ooma, Inc. (NYSE:OOMA) Receives $14.50 Average PT from Analysts

Shares of Ooma, Inc. (NYSE:OOMA) have received a consensus rating of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $14.50.

Separately, JMP Securities reiterated a “market perform” rating on shares of Ooma in a research report on Wednesday, August 28th.

Institutional Trading of Ooma

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of Ooma by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 546,518 shares of the technology company’s stock valued at $6,226,000 after acquiring an additional 4,683 shares during the period. Barclays PLC increased its stake in Ooma by 32.7% in the 3rd quarter. Barclays PLC now owns 98,964 shares of the technology company’s stock valued at $1,128,000 after purchasing an additional 24,402 shares in the last quarter. XTX Topco Ltd purchased a new stake in Ooma during the third quarter worth $185,000. Jane Street Group LLC grew its holdings in Ooma by 2.1% in the third quarter. Jane Street Group LLC now owns 40,547 shares of the technology company’s stock valued at $462,000 after purchasing an additional 818 shares during the last quarter. Finally, Virtus Investment Advisers Inc. acquired a new stake in Ooma in the third quarter valued at $98,000. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Ooma Price Performance

Shares of NYSE OOMA opened at $13.95 on Thursday. The stock has a fifty day moving average price of $11.98 and a 200 day moving average price of $10.00. Ooma has a 1-year low of $6.50 and a 1-year high of $14.02. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.83. The company has a market cap of $373.86 million, a PE ratio of -73.42 and a beta of 0.92.

Ooma (NYSE:OOMA) last issued its earnings results on Tuesday, August 27th. The technology company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. Ooma had a negative net margin of 2.04% and a negative return on equity of 2.22%. The business had revenue of $64.13 million for the quarter, compared to the consensus estimate of $62.72 million. Sell-side analysts forecast that Ooma will post -0.1 EPS for the current year.

About Ooma

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.