B. Riley Boosts Ooma (OOMA) Price Target to $14.00
Ooma (NYSE:OOMA) had its price objective hoisted by B. Riley from $13.00 to $14.00 in a research note released on Wednesday, Marketbeat reports. B. Riley currently has a buy rating on the technology company’s stock.
OOMA has been the topic of a number of other research reports. Bank of America upgraded shares of Ooma from an underperform rating to a neutral rating and set a $14.00 price target on the stock in a report on Wednesday. Northland Securities restated a buy rating and set a $13.00 price target on shares of Ooma in a report on Friday, December 1st. Finally, ValuEngine downgraded shares of Ooma from a hold rating to a sell rating in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $14.00.
Ooma (NYSE:OOMA) opened at $11.85 on Wednesday. The firm has a market cap of $225.00, a price-to-earnings ratio of -16.69 and a beta of 0.86. Ooma has a twelve month low of $7.30 and a twelve month high of $12.75.
A number of institutional investors and hedge funds have recently made changes to their positions in OOMA. Schwab Charles Investment Management Inc. bought a new position in Ooma in the 2nd quarter worth $230,000. Teachers Advisors LLC acquired a new stake in Ooma in the 2nd quarter worth $248,000. TIAA CREF Investment Management LLC acquired a new stake in Ooma in the 2nd quarter worth $374,000. New York State Common Retirement Fund acquired a new stake in Ooma in the 2nd quarter worth $144,000. Finally, Northern Trust Corp grew its position in Ooma by 658.1% in the 2nd quarter. Northern Trust Corp now owns 188,546 shares of the technology company’s stock worth $1,508,000 after purchasing an additional 163,676 shares during the last quarter. Hedge funds and other institutional investors own 73.26% of the company’s stock.
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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