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

Ooma, Inc. (NYSE:OOMA - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $16.60.

A number of brokerages have issued reports on OOMA. 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. B. Riley increased their price objective on Ooma from $14.50 to $15.50 and gave the stock a "buy" rating in a report on Monday, November 25th. StockNews.com raised Ooma from a "buy" rating to a "strong-buy" rating in a report on Friday. Benchmark raised their price objective on shares of Ooma from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Ooma in a report on Wednesday, August 28th.

Ooma Trading Up 2.6 %

Shares of OOMA traded up $0.39 during trading hours on Monday, hitting $15.30. The company's stock had a trading volume of 242,649 shares, compared to its average volume of 106,101. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.83. The business has a 50 day simple moving average of $12.91 and a two-hundred day simple moving average of $10.71. Ooma has a 52-week low of $6.50 and a 52-week high of $17.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Ooma by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 1,266,320 shares of the technology company's stock worth $10,802,000 after buying an additional 68,430 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Ooma by 64.8% during the second quarter. Assenagon Asset Management S.A. now owns 193,645 shares of the technology company's stock worth $1,923,000 after purchasing an additional 76,161 shares during the last quarter. Bailard Inc. purchased a new position in shares of Ooma in the 2nd quarter worth about $108,000. Allspring Global Investments Holdings LLC increased its position in shares of Ooma by 33.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 26,995 shares of the technology company's stock valued at $268,000 after purchasing an additional 6,732 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Ooma by 17.1% in the 2nd quarter. Rhumbline Advisers now owns 37,636 shares of the technology company's stock worth $374,000 after buying an additional 5,494 shares during the last quarter. 80.42% of the stock is currently owned by institutional investors.

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.