Ooma (NYSE:OOMA – Get Free Report) had its target price raised by Lake Street Capital from $14.00 to $18.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Lake Street Capital’s target price would indicate a potential upside of 11.39% from the stock’s previous close.
OOMA has been the subject of a number of other research reports. Northland Securities raised their price target on shares of Ooma from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday. Benchmark increased their target price on shares of Ooma from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday. B. Riley upped their price objective on shares of Ooma from $14.50 to $15.50 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, JMP Securities reissued a “market perform” rating on shares of Ooma in a report on Wednesday, August 28th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.60.
View Our Latest Stock Report on OOMA
Ooma Stock Performance
Hedge Funds Weigh In On Ooma
Several large investors have recently bought and sold shares of OOMA. Virtus Investment Advisers Inc. acquired a new stake in shares of Ooma during the third quarter worth $98,000. SG Americas Securities LLC bought a new stake in shares of Ooma in the 3rd quarter valued at about $115,000. Bailard Inc. acquired a new position in Ooma during the second quarter valued at approximately $108,000. Paloma Partners Management Co bought a new stake in Ooma in the third quarter valued at approximately $126,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Ooma in the second quarter worth $119,000. 80.42% of the stock is currently owned by institutional investors and hedge funds.
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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