Boston Partners trimmed its position in Ooma, Inc. (NYSE:OOMA - Free Report) by 34.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 382,579 shares of the technology company's stock after selling 199,345 shares during the period. Boston Partners owned 1.42% of Ooma worth $5,379,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Virtus Investment Advisers Inc. bought a new position in Ooma during the 3rd quarter worth $98,000. Paloma Partners Management Co acquired a new position in shares of Ooma in the third quarter worth approximately $126,000. PDT Partners LLC bought a new stake in Ooma in the third quarter valued at approximately $170,000. SG Americas Securities LLC increased its position in Ooma by 26.4% during the 4th quarter. SG Americas Securities LLC now owns 12,768 shares of the technology company's stock valued at $180,000 after purchasing an additional 2,663 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Ooma during the 3rd quarter valued at approximately $185,000. Institutional investors and hedge funds own 80.42% of the company's stock.
Ooma Stock Down 2.0 %
NYSE:OOMA traded down $0.29 on Wednesday, hitting $13.64. The stock had a trading volume of 80,476 shares, compared to its average volume of 125,443. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. Ooma, Inc. has a 52 week low of $6.50 and a 52 week high of $17.00. The business's fifty day moving average is $14.31 and its 200 day moving average is $13.50. The company has a market cap of $368.15 million, a PE ratio of -36.85 and a beta of 0.99.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. Benchmark upped their price objective on shares of Ooma from $17.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Northland Securities boosted their target price on shares of Ooma from $16.00 to $18.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. StockNews.com upgraded Ooma from a "buy" rating to a "strong-buy" rating in a report on Friday, December 6th. Finally, Lake Street Capital dropped their price objective on Ooma from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $17.63.
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About Ooma
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Free Report)
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.
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