Gladius Capital Management LP Makes New $165,000 Investment in Ooma, Inc. (NYSE:OOMA)

Gladius Capital Management LP bought a new stake in Ooma, Inc. (NYSE:OOMA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,488 shares of the technology company’s stock, valued at approximately $165,000.

A number of other large investors also recently made changes to their positions in the company. Covestor Ltd grew its holdings in Ooma by 52.7% in the 1st quarter. Covestor Ltd now owns 6,197 shares of the technology company’s stock valued at $53,000 after buying an additional 2,138 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Ooma in the third quarter valued at about $115,000. Bailard Inc. bought a new position in Ooma during the second quarter worth about $108,000. Cubist Systematic Strategies LLC bought a new position in Ooma during the second quarter worth about $119,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in Ooma in the 1st quarter valued at about $130,000. Institutional investors own 80.42% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities restated a “market perform” rating on shares of Ooma in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.50.

Ooma Trading Up 0.1 %

OOMA stock opened at $13.39 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. Ooma, Inc. has a 52 week low of $6.50 and a 52 week high of $13.85. The business has a 50-day simple moving average of $11.91 and a 200 day simple moving average of $9.94.

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

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.