Ooma, Inc. (NYSE:OOMA) Receives $17.63 Consensus Target Price from Brokerages

Ooma, Inc. (NYSE:OOMA) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $17.6250.

OOMA has been the subject of a number of research reports. Benchmark reissued a “buy” rating and issued a $20.00 price target on shares of Ooma in a research note on Monday, August 25th. JMP Securities reissued a “market perform” rating on shares of Ooma in a research note on Wednesday, August 27th.

Ooma Trading Down 2.1%

Shares of OOMA opened at $12.43 on Friday. Ooma has a 12-month low of $10.93 and a 12-month high of $17.00. The company has a market cap of $342.99 million, a PE ratio of -177.50 and a beta of 1.30. The stock has a 50-day moving average price of $12.17 and a 200-day moving average price of $12.59.

Insider Activity

In other Ooma news, CEO Eric B. Stang sold 19,265 shares of Ooma stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $12.85, for a total transaction of $247,555.25. Following the transaction, the chief executive officer directly owned 688,729 shares of the company’s stock, valued at approximately $8,850,167.65. This trade represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Shigeyuki Hamamatsu sold 7,335 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $12.89, for a total transaction of $94,548.15. Following the completion of the sale, the chief financial officer owned 191,972 shares of the company’s stock, valued at approximately $2,474,519.08. The trade was a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Ooma

Several hedge funds have recently added to or reduced their stakes in OOMA. Northern Trust Corp boosted its position in Ooma by 5.4% during the fourth quarter. Northern Trust Corp now owns 215,579 shares of the technology company’s stock valued at $3,031,000 after buying an additional 11,107 shares during the period. Ameriprise Financial Inc. boosted its holdings in Ooma by 5.5% during the 4th quarter. Ameriprise Financial Inc. now owns 166,101 shares of the technology company’s stock valued at $2,335,000 after acquiring an additional 8,702 shares during the period. BNP Paribas Financial Markets grew its position in Ooma by 37.9% during the 4th quarter. BNP Paribas Financial Markets now owns 58,292 shares of the technology company’s stock worth $820,000 after acquiring an additional 16,008 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in Ooma by 138.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 75,456 shares of the technology company’s stock worth $1,061,000 after purchasing an additional 43,776 shares during the period. Finally, Deutsche Bank AG lifted its position in Ooma by 95.4% in the fourth quarter. Deutsche Bank AG now owns 26,182 shares of the technology company’s stock valued at $368,000 after purchasing an additional 12,780 shares during the last quarter. 80.42% of the stock is owned by 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.