1 week Ago By Defense World Staff
Norges Bank bought a new stake in Ooma, Inc. ( NYSE:OOMA – Free Report ) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 75,900 shares of the technology company’s stock, valued at approximately $1,067,000.
Norges Bank owned approximately 0.28% of Ooma as of its most recent SEC filing. Other hedge funds and other institutional investors also recently made changes to their positions in the company.
Vanguard Group Inc. boosted its stake in Ooma by 5.6% during the fourth quarter.
Vanguard Group Inc. now owns 1,338,725 shares of the technology company’s stock valued at $18,822,000 after buying an additional 71,247 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd.
raised its holdings in shares of Ooma by 40.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd.
now owns 229,221 shares of the technology company’s stock worth $3,223,000 after purchasing an additional 66,009 shares in the last quarter. Globeflex Capital L P lifted its stake in Ooma by 473.7% during the fourth quarter.
Globeflex Capital L P now owns 77,305 shares of the technology company’s stock valued at $1,087,000 after purchasing an additional 63,831 shares during the last quarter. Inspire Investing LLC acquired a new position in Ooma in the fourth quarter worth approximately $802,000. Finally, Prudential Financial Inc.
bought a new position in shares of Ooma in the fourth quarter valued at $363,000. 80.42% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth A number of equities analysts recently issued reports on OOMA shares. Benchmark lifted their target price on Ooma from $17.00 to $20.
00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Lake Street Capital cut their price objective on Ooma from $18.00 to $17.
00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $17.
63. Ooma Stock Performance Shares of OOMA stock opened at $11.99 on Friday.
The company has a market capitalization of $330.81 million, a price-to-earnings ratio of -32.39 and a beta of 1.
06. Ooma, Inc. has a 1-year low of $6.
50 and a 1-year high of $17.00. The company has a current ratio of 1.
08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04.
The stock’s fifty day simple moving average is $13.78 and its 200-day simple moving average is $13.61.
Ooma Profile ( 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. Read More Five stocks we like better than Ooma REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today Robinhood Strategies Could Be a Game-Changer for Young Investors Should You Add These Warren Buffett Stocks to Your Portfolio? Are These 3 Retail Stocks Oversold or Really in Trouble? Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead Receive News & Ratings for Ooma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ooma and related companies with MarketBeat.
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