Ooma (NYSE:OOMA) Stock Rating Upgraded by StockNews.com

Ooma (NYSE:OOMA - Get Free Report) was upgraded by stock analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a report issued on Friday.

Other equities research analysts have also recently issued research reports about the stock. B. Riley increased their price target on shares of Ooma from $14.50 to $15.50 and gave the company a "buy" rating in a report on Monday, November 25th. JMP Securities reiterated a "market perform" rating on shares of Ooma in a research note on Wednesday, August 28th. Northland Securities boosted their price target on Ooma from $16.00 to $18.00 and gave the stock an "outperform" rating in a research note on Thursday. Benchmark increased their price objective on Ooma from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Lake Street Capital boosted their target price on Ooma from $14.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $16.60.

Ooma Stock Down 7.0 %

OOMA stock traded down $1.13 during trading on Friday, hitting $14.91. 364,361 shares of the stock traded hands, compared to its average volume of 105,597. The stock has a market cap of $399.59 million, a price-to-earnings ratio of -78.47 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.83. Ooma has a 1 year low of $6.50 and a 1 year high of $17.00. The firm's 50 day moving average is $12.91 and its two-hundred day moving average is $10.66.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. purchased a new position in Ooma during the third quarter valued at approximately $197,000. Barclays PLC increased its stake in Ooma by 32.7% during the third quarter. Barclays PLC now owns 98,964 shares of the technology company's stock worth $1,128,000 after acquiring an additional 24,402 shares during the last quarter. Geode Capital Management LLC raised its position in Ooma by 0.9% during the third quarter. Geode Capital Management LLC now owns 546,518 shares of the technology company's stock valued at $6,226,000 after purchasing an additional 4,683 shares during the period. XTX Topco Ltd bought a new stake in shares of Ooma in the 3rd quarter valued at approximately $185,000. Finally, Jane Street Group LLC boosted its holdings in shares of Ooma by 2.1% in the 3rd quarter. Jane Street Group LLC now owns 40,547 shares of the technology company's stock worth $462,000 after purchasing an additional 818 shares during the period. Hedge funds and other institutional investors own 80.42% of the company's stock.

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.

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