Ooma, Inc. (OOMA) Receives Consensus Rating of “Hold” from Brokerages
Ooma, Inc. (NYSE:OOMA) has received a consensus rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $12.38.
Several research firms have recently weighed in on OOMA. B. Riley reaffirmed a “buy” rating and set a $13.00 price target on shares of Ooma in a research note on Sunday, May 28th. William Blair downgraded shares of Ooma from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 24th. ValuEngine downgraded shares of Ooma from a “hold” rating to a “sell” rating in a research note on Thursday, May 25th. Bank of America Corporation downgraded shares of Ooma from a “buy” rating to an “underperform” rating in a research note on Wednesday, May 24th. Finally, Northland Securities began coverage on shares of Ooma in a research note on Tuesday, June 27th. They set an “outperform” rating and a $10.50 price target for the company.
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Shares of Ooma (NYSE OOMA) traded up 0.312% on Monday, hitting $8.025. The stock had a trading volume of 6,398 shares. The company has a 50-day moving average of $9.25 and a 200-day moving average of $9.84. The company’s market cap is $146.64 million. Ooma has a 52-week low of $7.55 and a 52-week high of $12.30.
Ooma (NYSE:OOMA) last posted its quarterly earnings results on Tuesday, May 23rd. The technology company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Ooma had a negative net margin of 11.51% and a negative return on equity of 29.82%. The firm had revenue of $27.58 million during the quarter, compared to the consensus estimate of $28.14 million. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. On average, equities analysts anticipate that Ooma will post ($0.12) EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the company. Credit Suisse AG increased its position in shares of Ooma by 4.7% in the first quarter. Credit Suisse AG now owns 120,696 shares of the technology company’s stock worth $1,201,000 after buying an additional 5,445 shares during the period. Spark Investment Management LLC increased its position in shares of Ooma by 50.7% in the first quarter. Spark Investment Management LLC now owns 22,300 shares of the technology company’s stock worth $221,000 after buying an additional 7,500 shares during the period. Bank of New York Mellon Corp increased its position in shares of Ooma by 86.9% in the first quarter. Bank of New York Mellon Corp now owns 19,150 shares of the technology company’s stock worth $191,000 after buying an additional 8,904 shares during the period. Perkins Capital Management Inc. increased its position in shares of Ooma by 8.7% in the first quarter. Perkins Capital Management Inc. now owns 120,100 shares of the technology company’s stock worth $1,195,000 after buying an additional 9,650 shares during the period. Finally, Menta Capital LLC acquired a new position in shares of Ooma during the first quarter worth approximately $122,000. 73.82% of the stock is owned by institutional investors.
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.
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