Investment Analysts’ Weekly Ratings Updates for Ooma (OOMA)

A number of firms have modified their ratings and price targets on shares of Ooma (NYSE: OOMA) recently:

• 12/6/2024 – Ooma was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 12/5/2024 – Ooma had its price target raised by analysts at Northland Securities from $16.00 to $18.00. They now have an “outperform” rating on the stock.
• 12/5/2024 – Ooma had its price target raised by analysts at Lake Street Capital from $14.00 to $18.00. They now have a “buy” rating on the stock.
• 12/3/2024 – Ooma had its price target raised by analysts at Benchmark Co. from $15.00 to $17.00. They now have a “buy” rating on the stock.
• 11/25/2024 – Ooma had its price target raised by analysts at B. Riley from $14.50 to $15.50. They now have a “buy” rating on the stock.

Ooma Stock Performance

Shares of OOMA opened at $14.37 on Monday. Ooma, Inc. has a 52-week low of $6.50 and a 52-week high of $17.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.83 and a current ratio of 1.08. The stock has a market capitalization of $387.99 million, a price-to-earnings ratio of -38.84 and a beta of 0.94. The stock’s 50-day simple moving average is $13.61 and its 200 day simple moving average is $11.17.

Insider Activity

In related news, SVP James A. Gustke sold 3,582 shares of Ooma stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $17.00, for a total transaction of $60,894.00. Following the sale, the senior vice president now directly owns 27,675 shares in the company, valued at $470,475. The trade was a 11.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric B. Stang sold 61,580 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $15.10, for a total value of $929,858.00. Following the transaction, the chief executive officer now owns 1,245,665 shares of the company’s stock, valued at $18,809,541.50. The trade was a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 158,457 shares of company stock worth $2,413,132. 9.76% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OOMA. Jane Street Group LLC grew its position in shares of Ooma by 2.1% during the 3rd quarter. Jane Street Group LLC now owns 40,547 shares of the technology company’s stock valued at $462,000 after acquiring an additional 818 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Ooma by 0.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 179,679 shares of the technology company’s stock worth $2,047,000 after buying an additional 1,364 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Ooma by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 70,829 shares of the technology company’s stock valued at $807,000 after buying an additional 3,138 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Ooma by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 546,518 shares of the technology company’s stock valued at $6,226,000 after acquiring an additional 4,683 shares during the period. Finally, Rhumbline Advisers increased its holdings in Ooma by 17.1% in the 2nd quarter. Rhumbline Advisers now owns 37,636 shares of the technology company’s stock worth $374,000 after acquiring an additional 5,494 shares in the last quarter. Institutional investors own 80.42% of the company’s stock.

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.