Ooma Inc (OOMA) Receives $12.67 Average Target Price from Analysts

Shares of Ooma Inc (NYSE:OOMA) have been given a consensus rating of “Hold” by the seven research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $12.67.

A number of research firms have weighed in on OOMA. ValuEngine lowered Ooma from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Northland Securities reissued a “buy” rating and set a $13.00 price objective on shares of Ooma in a research note on Friday, December 1st. Finally, B. Riley reissued a “buy” rating and set a $13.00 price objective on shares of Ooma in a research note on Wednesday, November 29th.

In other Ooma news, Director Alison Davis sold 20,000 shares of Ooma stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $12.11, for a total value of $242,200.00. Following the sale, the director now owns 36,420 shares in the company, valued at $441,046.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James A. Gustke sold 7,200 shares of Ooma stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $11.73, for a total value of $84,456.00. Following the completion of the sale, the vice president now owns 162,900 shares in the company, valued at approximately $1,910,817. The disclosure for this sale can be found here. Insiders sold 53,825 shares of company stock worth $630,697 in the last 90 days. Company insiders own 11.42% of the company’s stock.

Large investors have recently bought and sold shares of the business. Algert Global LLC purchased a new stake in Ooma in the third quarter valued at $501,000. Bank of New York Mellon Corp raised its position in Ooma by 187.4% in the second quarter. Bank of New York Mellon Corp now owns 55,044 shares of the technology company’s stock valued at $441,000 after purchasing an additional 35,894 shares during the period. PDT Partners LLC purchased a new stake in Ooma in the second quarter valued at $421,000. Northern Trust Corp raised its position in Ooma by 658.1% in the second quarter. Northern Trust Corp now owns 188,546 shares of the technology company’s stock valued at $1,508,000 after purchasing an additional 163,676 shares during the period. Finally, TIAA CREF Investment Management LLC purchased a new stake in Ooma in the second quarter valued at $374,000. Institutional investors own 72.32% of the company’s stock.

Ooma (NYSE OOMA) traded up $0.10 during midday trading on Monday, reaching $11.85. The company’s stock had a trading volume of 28,106 shares, compared to its average volume of 34,376. The firm has a market capitalization of $229.74, a price-to-earnings ratio of -16.46 and a beta of 1.37. Ooma has a one year low of $7.30 and a one year high of $12.75.

Ooma (NYSE:OOMA) last released its quarterly earnings data on Tuesday, November 28th. The technology company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. The company had revenue of $28.50 million for the quarter, compared to analyst estimates of $28.04 million. Ooma had a negative return on equity of 32.88% and a negative net margin of 11.15%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.02) earnings per share. research analysts forecast that Ooma will post -0.7 EPS for the current year.

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Ooma Company Profile

Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.

Analyst Recommendations for Ooma (NYSE:OOMA)

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