Ooma, Inc. (NYSE:OOMA) Shares Purchased by Globeflex Capital L P

Globeflex Capital L P grew its position in Ooma, Inc. (NYSE:OOMA - Free Report) by 473.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,305 shares of the technology company's stock after acquiring an additional 63,831 shares during the quarter. Globeflex Capital L P owned 0.29% of Ooma worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Virtus Investment Advisers Inc. purchased a new position in Ooma in the third quarter worth about $98,000. Paloma Partners Management Co bought a new stake in shares of Ooma in the 3rd quarter valued at approximately $126,000. Gladius Capital Management LP purchased a new position in shares of Ooma in the 3rd quarter worth approximately $165,000. PDT Partners LLC purchased a new position in shares of Ooma in the 3rd quarter worth approximately $170,000. Finally, SG Americas Securities LLC increased its position in shares of 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 last quarter. 80.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OOMA has been the subject of several recent analyst reports. B. Riley boosted their price objective on shares of Ooma from $14.50 to $15.50 and gave the company a "buy" rating in a research report on Monday, November 25th. StockNews.com upgraded shares of Ooma from a "buy" rating to a "strong-buy" rating in a report on Friday, December 6th. Lake Street Capital reduced their price target on Ooma from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Northland Securities increased their target price on Ooma from $16.00 to $18.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. Finally, Benchmark upped their price target on shares of Ooma from $17.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $17.63.

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Ooma Stock Down 0.4 %

Shares of OOMA stock traded down $0.05 during mid-day trading on Wednesday, hitting $13.66. The stock had a trading volume of 117,443 shares, compared to its average volume of 115,626. Ooma, Inc. has a 12-month low of $6.50 and a 12-month high of $17.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 0.82. The firm's 50-day moving average is $14.32 and its two-hundred day moving average is $13.39. The firm has a market capitalization of $368.71 million, a P/E ratio of -36.91 and a beta of 0.99.

Ooma 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.