Ooma, Inc. (NYSE:OOMA) Given Average Recommendation of “Moderate Buy” by Analysts

Ooma, Inc. (NYSE:OOMA) has been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $16.60.

A number of research analysts recently issued reports on the stock. Northland Securities lifted their price target on shares of Ooma from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. B. Riley raised their price objective 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. StockNews.com upgraded shares of Ooma from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Lake Street Capital raised their price objective on shares of Ooma from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Benchmark raised their price objective on shares of Ooma from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd.

Ooma Trading Down 3.3 %

Shares of OOMA opened at $14.44 on Friday. The stock has a market capitalization of $389.88 million, a P/E ratio of -39.03 and a beta of 0.96. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The firm has a fifty day simple moving average of $14.43 and a two-hundred day simple moving average of $12.72. Ooma has a twelve month low of $6.50 and a twelve month high of $17.00.

Insider Transactions at Ooma

In other news, Director Andrew H. Galligan sold 14,824 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $14.56, for a total value of $215,837.44. Following the transaction, the director now directly owns 241,932 shares in the company, valued at approximately $3,522,529.92. This represents a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Shigeyuki Hamamatsu sold 35,313 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $15.51, for a total transaction of $547,704.63. Following the completion of the transaction, the chief financial officer now owns 165,301 shares in the company, valued at approximately $2,563,818.51. The trade was a 17.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 158,457 shares of company stock worth $2,413,132. Insiders own 9.76% of the company’s stock.

Institutional Trading of Ooma

Hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new stake in Ooma in the fourth quarter worth about $92,000. Virtus Investment Advisers Inc. purchased a new stake in Ooma in the third quarter worth about $98,000. SG Americas Securities LLC purchased a new stake in Ooma in the third quarter worth about $115,000. EntryPoint Capital LLC purchased a new stake in Ooma in the fourth quarter worth about $153,000. Finally, Paloma Partners Management Co purchased a new stake in Ooma in the third quarter worth about $126,000. 80.42% of the stock is owned by hedge funds and other institutional investors.

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.