Ooma, Inc. (NYSE:OOMA) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its stake in Ooma, Inc. (NYSE:OOMA) by 84.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,191 shares of the technology company’s stock after buying an additional 2,384 shares during the period. Tower Research Capital LLC TRC’s holdings in Ooma were worth $56,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Covestor Ltd grew its position in Ooma by 31.6% during the third quarter. Covestor Ltd now owns 3,943 shares of the technology company’s stock valued at $51,000 after acquiring an additional 946 shares during the period. Corton Capital Inc. acquired a new position in shares of Ooma in the 3rd quarter valued at about $142,000. Hsbc Holdings PLC purchased a new stake in shares of Ooma during the 3rd quarter worth about $291,000. Teton Advisors Inc. increased its position in Ooma by 60.0% during the 3rd quarter. Teton Advisors Inc. now owns 40,000 shares of the technology company’s stock worth $520,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Barclays PLC raised its holdings in Ooma by 4.4% in the third quarter. Barclays PLC now owns 50,396 shares of the technology company’s stock valued at $657,000 after buying an additional 2,108 shares during the period. 80.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Benchmark decreased their price objective on shares of Ooma from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th. TheStreet cut shares of Ooma from a “c” rating to a “d+” rating in a research report on Tuesday, March 5th. Alliance Global Partners cut their price objective on Ooma from $16.00 to $14.50 and set a “buy” rating on the stock in a research report on Wednesday, March 6th. Finally, B. Riley reaffirmed a “buy” rating and issued a $14.50 target price (down previously from $19.00) on shares of Ooma in a research report on Wednesday, March 6th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $14.67.

Ooma Stock Up 3.9 %

Shares of NYSE OOMA traded up $0.27 during trading on Monday, reaching $7.15. 236,592 shares of the stock were exchanged, compared to its average volume of 83,847. The company has a market capitalization of $188.90 million, a price-to-earnings ratio of -238.33 and a beta of 0.81. The business’s 50-day moving average price is $8.54 and its 200 day moving average price is $10.10. The company has a quick ratio of 0.85, a current ratio of 1.24 and a debt-to-equity ratio of 0.20. Ooma, Inc. has a twelve month low of $6.50 and a twelve month high of $15.66.

Ooma (NYSE:OOMA) last issued its quarterly earnings data on Tuesday, March 5th. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. The firm had revenue of $61.68 million for the quarter, compared to analyst estimates of $61.46 million. Ooma had a negative net margin of 0.35% and a positive return on equity of 0.35%. As a group, equities analysts forecast that Ooma, Inc. will post -0.11 EPS for the current fiscal year.

Ooma Company Profile

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.