Ooma, Inc. (NYSE:OOMA) Receives $14.50 Average Price Target from Analysts

Ooma, Inc. (NYSE:OOMA) has received an average rating of “Moderate Buy” from the five research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $14.50.

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Ooma in a research note on Wednesday, August 28th.

Hedge Funds Weigh In On Ooma

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in Ooma by 2.1% during the third quarter. Jane Street Group LLC now owns 40,547 shares of the technology company’s stock valued at $462,000 after buying an additional 818 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Ooma by 0.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 179,679 shares of the technology company’s stock valued at $2,047,000 after buying an additional 1,364 shares during the last quarter. Covestor Ltd boosted its stake in Ooma by 52.7% during the first quarter. Covestor Ltd now owns 6,197 shares of the technology company’s stock valued at $53,000 after buying an additional 2,138 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Ooma by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 70,829 shares of the technology company’s stock valued at $807,000 after buying an additional 3,138 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake 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 buying an additional 4,683 shares during the last quarter. 80.42% of the stock is owned by institutional investors.

Ooma Stock Performance

Shares of OOMA opened at $13.39 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The business has a 50-day simple moving average of $11.91 and a two-hundred day simple moving average of $9.94. The stock has a market cap of $358.85 million, a price-to-earnings ratio of -70.47 and a beta of 0.92. Ooma has a 52 week low of $6.50 and a 52 week high of $13.85.

Ooma (NYSE:OOMA) last issued its quarterly earnings results on Tuesday, August 27th. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $64.13 million during the quarter, compared to analysts’ expectations of $62.72 million. Ooma had a negative return on equity of 2.22% and a negative net margin of 2.04%. On average, analysts expect that Ooma will post -0.1 EPS for the current year.

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.