Ooma, Inc. (NYSE:OOMA - Get Free Report) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $14.45 and traded as low as $14.43. Ooma shares last traded at $14.87, with a volume of 101,242 shares changing hands.
Analyst Ratings Changes
A number of equities analysts recently issued reports on OOMA shares. StockNews.com upgraded shares of Ooma from a "buy" rating to a "strong-buy" rating in a research report on Friday, December 6th. Benchmark upped their price target on shares of Ooma from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Northland Securities raised their price objective on Ooma from $16.00 to $18.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. B. Riley boosted their price objective on Ooma from $14.50 to $15.50 and gave the stock a "buy" rating in a research report on Monday, November 25th. Finally, Lake Street Capital increased their target price on Ooma from $14.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $16.60.
Read Our Latest Report on Ooma
Ooma Stock Down 2.2 %
The firm has a market capitalization of $391.47 million, a price-to-earnings ratio of -39.19 and a beta of 0.96. 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 stock has a fifty day moving average of $14.45 and a two-hundred day moving average of $12.36.
Insider Activity
In related news, SVP James A. Gustke sold 3,582 shares of the business's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $17.00, for a total value of $60,894.00. Following the transaction, the senior vice president now owns 27,675 shares in the company, valued at $470,475. The trade was a 11.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew H. Galligan sold 14,824 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $14.56, for a total value of $215,837.44. Following the sale, the director now owns 241,932 shares of the company's stock, valued at approximately $3,522,529.92. The trade was a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 158,457 shares of company stock valued at $2,413,132. Company insiders own 9.76% of the company's stock.
Institutional Investors Weigh In On Ooma
Institutional investors and hedge funds have recently made changes to their positions in the business. Virtus Investment Advisers Inc. bought a new stake in shares of Ooma during the third quarter worth about $98,000. SG Americas Securities LLC bought a new position in Ooma in the 3rd quarter worth about $115,000. Paloma Partners Management Co bought a new position in shares of Ooma in the third quarter worth $126,000. Cubist Systematic Strategies LLC bought a new stake in Ooma during the second quarter valued at approximately $119,000. Finally, Gladius Capital Management LP bought a new stake in Ooma in the 3rd quarter worth approximately $165,000. Institutional investors own 80.42% of the company's stock.
About Ooma
(
Get Free Report)
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.
See Also
Before you consider Ooma, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ooma wasn't on the list.
While Ooma currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
