Ooma, Inc. (NYSE:OOMA) Given Average Rating of "Moderate Buy" by Brokerages

Ooma, Inc. (NYSE:OOMA - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $16.60.

Several equities analysts have weighed in on OOMA shares. B. Riley lifted their price objective on shares of Ooma from $14.50 to $15.50 and gave the stock a "buy" rating in a research report on Monday, November 25th. Lake Street Capital lifted their price target on Ooma from $14.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Benchmark increased their price objective on Ooma from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Northland Securities raised their price objective on Ooma from $16.00 to $18.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Finally, StockNews.com upgraded Ooma from a "buy" rating to a "strong-buy" rating in a report on Friday, December 6th.

Insiders Place Their Bets

In other Ooma news, Director Andrew H. Galligan sold 14,824 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $14.56, for a total transaction of $215,837.44. Following the transaction, the director now directly owns 241,932 shares of the company's stock, valued at $3,522,529.92. This represents a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Eric B. Stang sold 61,580 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $15.10, for a total value of $929,858.00. Following the completion of the sale, the chief executive officer now directly owns 1,245,665 shares of the company's stock, valued at $18,809,541.50. This represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 158,457 shares of company stock valued at $2,413,132 in the last three months. Insiders own 9.76% of the company's stock.

Hedge Funds Weigh In On Ooma

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OOMA. Virtus Investment Advisers Inc. acquired a new position in shares of Ooma during the 3rd quarter worth about $98,000. SG Americas Securities LLC acquired a new position in shares of Ooma during the third quarter worth approximately $115,000. Cubist Systematic Strategies LLC acquired a new position in shares of Ooma during the second quarter worth approximately $119,000. Paloma Partners Management Co bought a new stake in shares of Ooma in the third quarter valued at approximately $126,000. Finally, Gladius Capital Management LP acquired a new stake in shares of Ooma in the third quarter worth $165,000. Institutional investors and hedge funds own 80.42% of the company's stock.

Ooma Trading Down 1.0 %

OOMA stock traded down $0.14 during mid-day trading on Tuesday, reaching $14.34. 53,064 shares of the stock traded hands, compared to its average volume of 102,733. Ooma has a 52-week low of $6.50 and a 52-week high of $17.00. The stock's fifty day moving average is $14.44 and its 200-day moving average is $12.17. The company has a market cap of $387.13 million, a P/E ratio of -38.84 and a beta of 0.96. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04.

Ooma Company 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.