StockNews.com upgraded shares of Ooma (NYSE:OOMA – Get Rating) from a buy rating to a strong-buy rating in a research report sent to investors on Friday.
Separately, Benchmark raised their price target on Ooma to $24.00 in a report on Friday, December 2nd.
Get Ooma alerts:Ooma Price Performance
NYSE OOMA opened at $14.30 on Friday. The stock has a market capitalization of $347.49 million, a PE ratio of -110.00 and a beta of 0.73. The business has a 50 day simple moving average of $15.11 and a two-hundred day simple moving average of $13.41. Ooma has a 1-year low of $10.82 and a 1-year high of $21.89.
Hedge Funds Weigh In On Ooma
A number of large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in Ooma by 7.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 108,798 shares of the technology company's stock valued at $1,338,000 after acquiring an additional 7,877 shares during the period. IHT Wealth Management LLC purchased a new position in Ooma during the 3rd quarter valued at $165,000. BNP Paribas Arbitrage SNC boosted its holdings in Ooma by 6.7% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 35,158 shares of the technology company's stock valued at $432,000 after acquiring an additional 2,211 shares during the period. State Street Corp boosted its holdings in Ooma by 1.0% during the 3rd quarter. State Street Corp now owns 445,391 shares of the technology company's stock valued at $5,478,000 after acquiring an additional 4,413 shares during the period. Finally, Algert Global LLC boosted its holdings in Ooma by 18.1% during the 3rd quarter. Algert Global LLC now owns 35,558 shares of the technology company's stock valued at $437,000 after acquiring an additional 5,450 shares during the period. Hedge funds and other institutional investors own 80.68% of the company's stock.About Ooma
(Get Rating)
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 Office Pro, which offers various services, including HD video meetings, call recording, enhanced call blocking, and voicemail transcription; Ooma Connect, which delivers fixed wireless internet connectivity; Ooma Managed Wi-Fi, a plug-and-play enterprise-grade Wi-Fi solution; and Ooma Enterprise, a unified-communications-as-a-service solution.
Read More
- Get a free copy of the StockNews.com research report on Ooma (OOMA)
- MarketBeat: Week in Review 12/05 – 12/09
- There Is Fundamental Value In Broadcom, And It Yields 3.35%
- Costco vs Amazon: an end of the year showdown
- Discount Retailers Could Make Good Bargain Stocks
- Can Pfizer, Johnson & Johnson Continue Outperforming the Index?
Receive News & Ratings for Ooma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ooma and related companies with MarketBeat.com's FREE daily email newsletter.