Ooma, Inc. (NYSE:OOMA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Ooma, Inc. (NYSE:OOMA) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings 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 report on Wednesday, August 28th.

Ooma Price Performance

Shares of NYSE:OOMA opened at $12.07 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.83 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $10.87 and its two-hundred day simple moving average is $9.29. Ooma has a 1-year low of $6.50 and a 1-year high of $12.43. The stock has a market cap of $323.48 million, a PE ratio of -63.53 and a beta of 0.93.

Ooma (NYSE:OOMA) last issued its quarterly earnings data on Tuesday, August 27th. The technology company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. Ooma had a negative return on equity of 2.22% and a negative net margin of 2.04%. The business had revenue of $64.13 million for the quarter, compared to analysts’ expectations of $62.72 million. As a group, analysts forecast that Ooma will post -0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Ooma

Several large investors have recently added to or reduced their stakes in OOMA. Wellington Management Group LLP increased its holdings in Ooma by 5.1% in the 4th quarter. Wellington Management Group LLP now owns 1,246,310 shares of the technology company’s stock worth $13,373,000 after acquiring an additional 60,500 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Ooma by 31.8% during the 1st quarter. BNP Paribas Financial Markets now owns 56,196 shares of the technology company’s stock valued at $479,000 after buying an additional 13,543 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Ooma by 37.4% during the 1st quarter. Russell Investments Group Ltd. now owns 579,342 shares of the technology company’s stock valued at $4,942,000 after buying an additional 157,569 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in Ooma during the 1st quarter valued at about $130,000. Finally, Perkins Capital Management Inc. grew its holdings in Ooma by 7.7% during the 1st quarter. Perkins Capital Management Inc. now owns 156,550 shares of the technology company’s stock valued at $1,335,000 after buying an additional 11,250 shares in the last quarter. 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.