Ooma (OOMA) Given “Neutral” Rating at Credit Suisse Group
Credit Suisse Group reiterated their neutral rating on shares of Ooma (NYSE:OOMA) in a research note issued to investors on Wednesday. Credit Suisse Group currently has a $13.00 price target on the technology company’s stock, up from their previous price target of $12.00.
A number of other research analysts have also recently commented on the company. B. Riley raised their target price on Ooma from $13.00 to $14.00 and gave the company a buy rating in a research note on Wednesday. Bank of America upgraded Ooma from an underperform rating to a neutral rating and set a $14.00 target price for the company in a research note on Wednesday. ValuEngine cut Ooma from a hold rating to a sell rating in a research note on Wednesday, January 3rd. Finally, Northland Securities restated a buy rating and issued a $13.00 target price on shares of Ooma in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Ooma currently has an average rating of Hold and a consensus target price of $14.00.
Ooma (NYSE:OOMA) opened at $11.85 on Wednesday. The company has a market capitalization of $225.00, a P/E ratio of -16.69 and a beta of 0.86. Ooma has a one year low of $7.30 and a one year high of $12.75.
Large investors have recently made changes to their positions in the business. Wolverine Trading LLC purchased a new position in Ooma during the third quarter valued at $115,000. New York State Common Retirement Fund bought a new stake in shares of Ooma in the 2nd quarter worth $144,000. Parametric Portfolio Associates LLC increased its holdings in shares of Ooma by 94.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 24,092 shares of the technology company’s stock worth $193,000 after purchasing an additional 11,686 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Ooma by 6,480.6% in the 3rd quarter. Wells Fargo & Company MN now owns 28,165 shares of the technology company’s stock worth $297,000 after purchasing an additional 27,737 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Ooma in the 2nd quarter worth $230,000. Institutional investors and hedge funds own 73.26% of the company’s stock.
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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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