Ooma, Inc. (NYSE:OOMA) Receives $16.60 Consensus Target Price from Analysts

Shares of Ooma, Inc. (NYSE:OOMA) have been assigned an average rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $16.60.

OOMA has been the topic of a number of recent analyst reports. Lake Street Capital boosted their price target on shares of Ooma from $14.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, December 5th. B. Riley boosted their target price on shares of Ooma from $14.50 to $15.50 and gave the company a “buy” rating in a research note on Monday, November 25th. Benchmark raised their target price on Ooma from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. StockNews.com raised Ooma from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Finally, Northland Securities increased their price objective on Ooma from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th.

Insider Activity at Ooma

In related news, Director Andrew H. Galligan sold 14,824 shares of Ooma stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $14.56, for a total value of $215,837.44. Following the completion of the sale, the director now owns 241,932 shares of the company’s stock, valued at approximately $3,522,529.92. The trade was a 5.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric B. Stang sold 61,580 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $15.10, for a total transaction of $929,858.00. Following the completion of the sale, the chief executive officer now owns 1,245,665 shares of the company’s stock, valued at $18,809,541.50. This represents a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 158,457 shares of company stock valued at $2,413,132. Insiders own 9.76% of the company’s stock.

Institutional Trading of Ooma

Institutional investors and hedge funds have recently made changes to their positions in the stock. Virtus Investment Advisers Inc. acquired a new stake in Ooma in the 3rd quarter valued at approximately $98,000. SG Americas Securities LLC bought a new position in Ooma during the third quarter worth $115,000. Cubist Systematic Strategies LLC bought a new stake in shares of Ooma in the second quarter valued at about $119,000. Paloma Partners Management Co bought a new stake in shares of Ooma in the third quarter valued at about $126,000. Finally, Gladius Capital Management LP acquired a new stake in Ooma during the third quarter worth about $165,000. Institutional investors and hedge funds own 80.42% of the company’s stock.

Ooma Price Performance

NYSE OOMA opened at $13.91 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.83 and a debt-to-equity ratio of 0.04. Ooma has a 1 year low of $6.50 and a 1 year high of $17.00. The company has a market cap of $375.57 million, a PE ratio of -37.59 and a beta of 0.96. The stock’s 50-day moving average price is $14.14 and its two-hundred day moving average price is $11.65.

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.