Brokerages Set Ooma, Inc. (NYSE:OOMA) Target Price at $17.63

Ooma, Inc. (NYSE:OOMA) has been assigned an average recommendation of “Moderate Buy” from the five research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $17.63.

A number of analysts have recently commented on the company. StockNews.com raised Ooma from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Northland Securities upped their target price on shares of Ooma from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. 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 report on Wednesday, March 5th. Finally, Lake Street Capital lowered their price objective on shares of Ooma from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th.

Ooma Trading Up 1.1 %

NYSE:OOMA opened at $13.93 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.82 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 firm has a market capitalization of $376.11 million, a price-to-earnings ratio of -37.65 and a beta of 0.99. The business’s 50-day moving average price is $14.31 and its two-hundred day moving average price is $13.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new stake in shares of Ooma during the fourth quarter worth $92,000. Virtus Investment Advisers Inc. bought a new position in Ooma during the 3rd quarter worth about $98,000. Paloma Partners Management Co bought a new position in Ooma during the 3rd quarter worth about $126,000. EntryPoint Capital LLC acquired a new stake in shares of Ooma in the 4th quarter valued at about $153,000. Finally, Oxford Asset Management LLP bought a new stake in shares of Ooma in the fourth quarter valued at about $168,000. Institutional investors own 80.42% of the company’s stock.

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.