Ooma, Inc. (NYSE:OOMA - Get Free Report) SVP James A. Gustke sold 3,582 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $17.00, for a total transaction of $60,894.00. Following the completion of the sale, the senior vice president now owns 27,675 shares of the company's stock, valued at $470,475. This trade represents a 11.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Ooma Trading Up 2.1 %
Shares of NYSE OOMA opened at $15.22 on Tuesday. The firm's 50 day moving average price is $12.98 and its 200-day moving average price is $10.76. 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 0.10, a quick ratio of 0.83 and a current ratio of 1.15. The company has a market cap of $407.90 million, a PE ratio of -41.13 and a beta of 0.94.
Hedge Funds Weigh In On Ooma
A number of hedge funds have recently added to or reduced their stakes in the company. Virtus Investment Advisers Inc. purchased a new position in shares of Ooma in the third quarter worth $98,000. Bailard Inc. purchased a new position in Ooma in the 2nd quarter worth about $108,000. SG Americas Securities LLC purchased a new stake in shares of Ooma during the 3rd quarter valued at about $115,000. Cubist Systematic Strategies LLC bought a new stake in shares of Ooma in the second quarter worth approximately $119,000. Finally, Paloma Partners Management Co purchased a new position in shares of Ooma during the third quarter valued at approximately $126,000. 80.42% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
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Several equities research analysts recently weighed in on OOMA shares. Lake Street Capital lifted their price target on Ooma from $14.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. StockNews.com upgraded shares of Ooma from a "buy" rating to a "strong-buy" rating in a report on Friday. JMP Securities reiterated a "market perform" rating on shares of Ooma in a research note on Wednesday, August 28th. B. Riley boosted their price objective on shares of Ooma from $14.50 to $15.50 and gave the stock a "buy" rating in a research note on Monday, November 25th. Finally, Northland Securities raised their target price on shares of Ooma from $16.00 to $18.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $16.60.
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Ooma Company Profile
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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.
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