Ooma (NYSE:OOMA) Price Target Raised to $15.50 at B. Riley

Ooma (NYSE:OOMA) had its price objective upped by B. Riley from $14.50 to $15.50 in a research report released on Monday morning,Benzinga reports. B. Riley currently has a buy rating on the technology company’s stock.

Separately, JMP Securities restated a “market perform” rating on shares of Ooma in a report on Wednesday, August 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ooma currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.75.

Ooma Trading Down 0.6 %

Shares of NYSE OOMA opened at $14.46 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. Ooma has a 12 month low of $6.50 and a 12 month high of $14.61. The company has a market cap of $387.53 million, a price-to-earnings ratio of -76.58 and a beta of 0.92. The business has a fifty day simple moving average of $12.31 and a 200-day simple moving average of $10.29.

Ooma (NYSE:OOMA) last posted its quarterly earnings data on Tuesday, August 27th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping 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 firm had revenue of $64.13 million for the quarter, compared to the consensus estimate of $62.72 million. Sell-side analysts predict that Ooma will post -0.1 EPS for the current year.

Institutional Investors Weigh In On Ooma

A number of institutional investors have recently bought and sold shares of the business. Virtus Investment Advisers Inc. acquired a new position in shares of Ooma in the 3rd quarter valued at about $98,000. SG Americas Securities LLC purchased a new position in Ooma during the third quarter valued at approximately $115,000. Bailard Inc. acquired a new position in Ooma in the 2nd quarter valued at approximately $108,000. Paloma Partners Management Co purchased a new stake in Ooma in the 3rd quarter worth approximately $126,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Ooma during the 2nd quarter valued at $119,000. 80.42% of the stock is currently owned by institutional investors and hedge funds.

Ooma Company 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.