Ooma, Inc. (NYSE:OOMA - Get Free Report) Director William D. Pearce sold 3,700 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $15.54, for a total value of $57,498.00. Following the sale, the director now directly owns 163,353 shares of the company's stock, valued at approximately $2,538,505.62. This represents a 2.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Ooma Trading Down 1.5 %
OOMA opened at $15.14 on Friday. The stock has a fifty day moving average of $13.23 and a 200-day moving average of $10.88. Ooma, Inc. has a 12-month low of $6.50 and a 12-month 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.
Institutional Trading of Ooma
Hedge funds and other institutional investors have recently modified their holdings of the company. Virtus Investment Advisers Inc. purchased a new stake in shares of Ooma during the third quarter worth $98,000. Bailard Inc. purchased a new stake in shares of Ooma during the second quarter worth $108,000. SG Americas Securities LLC purchased a new stake in shares of Ooma during the third quarter worth $115,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Ooma during the second quarter worth $119,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Ooma during the third quarter worth $126,000. 80.42% of the stock is currently owned by hedge funds and other institutional investors.
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Several equities research analysts have recently weighed in on the company. Lake Street Capital raised their price objective on Ooma from $14.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. StockNews.com upgraded Ooma from a "buy" rating to a "strong-buy" rating in a report on Friday, December 6th. Northland Securities increased their target price on Ooma from $16.00 to $18.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. JMP Securities restated a "market perform" rating on shares of Ooma in a report on Wednesday, August 28th. Finally, Benchmark increased their target price on Ooma from $15.00 to $17.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $16.60.
Read Our Latest Stock Analysis on OOMA
Ooma Company Profile
(
Get Free Report)
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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