Trexquant Investment LP Purchases 61,434 Shares of Ooma, Inc. (NYSE:OOMA)

Trexquant Investment LP raised its stake in Ooma, Inc. (NYSE:OOMA) by 167.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 98,133 shares of the technology company’s stock after buying an additional 61,434 shares during the quarter. Trexquant Investment LP’s holdings in Ooma were worth $1,380,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in Ooma by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 70,829 shares of the technology company’s stock valued at $807,000 after acquiring an additional 3,138 shares during the period. BNP Paribas Financial Markets increased its position in Ooma by 24.9% during the third quarter. BNP Paribas Financial Markets now owns 42,284 shares of the technology company’s stock worth $482,000 after purchasing an additional 8,439 shares during the last quarter. State Street Corp increased its position in Ooma by 2.9% during the third quarter. State Street Corp now owns 475,737 shares of the technology company’s stock worth $5,419,000 after purchasing an additional 13,240 shares during the last quarter. Jane Street Group LLC increased its position in shares of Ooma by 2.1% during the third quarter. Jane Street Group LLC now owns 40,547 shares of the technology company’s stock valued at $462,000 after acquiring an additional 818 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Ooma during the third quarter valued at about $185,000. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Ooma Trading Up 2.6 %

Ooma stock opened at $12.19 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04. The stock has a market cap of $336.44 million, a PE ratio of -32.95 and a beta of 1.06. The stock has a 50-day moving average price of $13.89 and a 200 day moving average price of $13.60. Ooma, Inc. has a 52 week low of $6.50 and a 52 week high of $17.00.

Wall Street Analysts Forecast Growth

OOMA has been the subject of a number of recent research reports. Benchmark lifted their price target 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. 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 note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $17.63.

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.