Integrated Quantitative Investments LLC Takes Position in Ooma, Inc. (NYSE:OOMA)

Integrated Quantitative Investments LLC purchased a new stake in Ooma, Inc. (NYSE:OOMA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 21,461 shares of the technology company's stock, valued at approximately $302,000. Integrated Quantitative Investments LLC owned about 0.08% of Ooma at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of OOMA. Arrowstreet Capital Limited Partnership raised its stake in Ooma by 284.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 253,016 shares of the technology company's stock valued at $3,557,000 after acquiring an additional 187,245 shares during the period. Alliancebernstein L.P. raised its position in shares of Ooma by 674.1% in the fourth quarter. Alliancebernstein L.P. now owns 128,430 shares of the technology company's stock valued at $1,806,000 after purchasing an additional 111,840 shares during the period. Norges Bank bought a new position in shares of Ooma in the fourth quarter valued at about $1,067,000. Vanguard Group Inc. lifted its stake in shares of Ooma by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 1,338,725 shares of the technology company's stock worth $18,822,000 after buying an additional 71,247 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Ooma by 40.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,221 shares of the technology company's stock worth $3,223,000 after buying an additional 66,009 shares during the period. Institutional investors own 80.42% of the company's stock.

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Ooma Stock Performance

NYSE OOMA traded down $0.01 during trading on Friday, reaching $11.99. The company's stock had a trading volume of 161,789 shares, compared to its average volume of 124,921. The firm has a 50 day moving average price of $13.78 and a 200 day moving average price of $13.61. Ooma, Inc. has a 12 month low of $6.50 and a 12 month high of $17.00. The firm has a market capitalization of $330.81 million, a price-to-earnings ratio of -32.39 and a beta of 1.06. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OOMA. Lake Street Capital lowered their price target on shares of Ooma from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Benchmark increased their target price on Ooma from $17.00 to $20.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Ooma has an average rating of "Buy" and an average price target of $17.63.

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.