Ooma, Inc. (NYSE:OOMA) Receives $14.50 Consensus Target Price from Analysts

Shares of Ooma, Inc. (NYSE:OOMA - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $14.50.

Separately, JMP Securities reiterated a "market perform" rating on shares of Ooma in a research note on Wednesday, August 28th.

Ooma Price Performance

Shares of OOMA traded down $0.24 during mid-day trading on Friday, reaching $12.17. 91,442 shares of the company's stock were exchanged, compared to its average volume of 105,137. Ooma has a 52-week low of $6.50 and a 52-week high of $12.43. The company has a quick ratio of 0.83, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The company has a 50-day simple moving average of $10.56 and a two-hundred day simple moving average of $9.20. The company has a market cap of $321.29 million, a price-to-earnings ratio of -121.70 and a beta of 0.93.

Ooma (NYSE:OOMA - Get Free Report) last released its quarterly earnings results on Tuesday, August 27th. The technology company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. Ooma had a negative return on equity of 2.22% and a negative net margin of 2.04%. The company had revenue of $64.13 million during the quarter, compared to the consensus estimate of $62.72 million. On average, sell-side analysts predict that Ooma will post -0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Covestor Ltd boosted its position in shares of Ooma by 52.7% in the first quarter. Covestor Ltd now owns 6,197 shares of the technology company's stock worth $53,000 after buying an additional 2,138 shares during the period. SG Americas Securities LLC acquired a new stake in Ooma in the third quarter valued at approximately $115,000. Bailard Inc. purchased a new stake in shares of Ooma during the second quarter valued at approximately $108,000. Cubist Systematic Strategies LLC acquired a new position in shares of Ooma during the second quarter worth $119,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Ooma during the first quarter worth $130,000. 80.42% of the stock is owned by institutional investors and hedge funds.

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.