Prudential Financial Inc. Purchases New Position in Ooma, Inc. (NYSE:OOMA)

Prudential Financial Inc. acquired a new position in shares of Ooma, Inc. (NYSE:OOMA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 25,825 shares of the technology company's stock, valued at approximately $363,000. Prudential Financial Inc. owned approximately 0.10% of Ooma as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Jane Street Group LLC boosted its stake in shares of Ooma by 2.1% during the 3rd quarter. Jane Street Group LLC now owns 40,547 shares of the technology company's stock worth $462,000 after acquiring an additional 818 shares during the period. SG Americas Securities LLC increased its position in Ooma by 26.4% during the fourth quarter. SG Americas Securities LLC now owns 12,768 shares of the technology company's stock worth $180,000 after acquiring an additional 2,663 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Ooma by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 70,829 shares of the technology company's stock worth $807,000 after purchasing an additional 3,138 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Ooma by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 546,518 shares of the technology company's stock worth $6,226,000 after purchasing an additional 4,683 shares in the last quarter. Finally, Bard Associates Inc. increased its holdings in shares of Ooma by 31.1% during the fourth quarter. Bard Associates Inc. now owns 26,675 shares of the technology company's stock worth $375,000 after purchasing an additional 6,328 shares during the period. Institutional investors and hedge funds own 80.42% of the company's stock.

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Ooma Price Performance

Shares of OOMA stock traded up $0.23 during trading hours on Tuesday, reaching $12.41. The company's stock had a trading volume of 54,060 shares, compared to its average volume of 124,687. Ooma, Inc. has a fifty-two week low of $6.50 and a fifty-two week high of $17.00. The firm's 50 day simple moving average is $13.73 and its 200-day simple moving average is $13.63. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $342.52 million, a price-to-earnings ratio of -33.54 and a beta of 1.06.

Analyst Upgrades and Downgrades

OOMA has been the topic of a number of analyst reports. Benchmark increased their price target on Ooma from $17.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Lake Street Capital dropped their price target on Ooma from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $17.63.

Ooma 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.