Credit Suisse Group restated their neutral rating on shares of Ooma (NYSE:OOMA) in a research report report published on Wednesday. Credit Suisse Group currently has a $13.00 price target on the technology company’s stock, up from their prior price target of $12.00.
Several other research firms have also recently issued reports on OOMA. ValuEngine cut Ooma from a hold rating to a sell rating in a research note on Wednesday, January 3rd. Northland Securities reissued a buy rating and issued a $13.00 target price on shares of Ooma in a research note on Friday, December 1st. B. Riley reissued a buy rating and issued a $13.00 target price on shares of Ooma in a research note on Wednesday, November 29th. Finally, Bank of America raised Ooma from an underperform rating to a neutral rating and set a $14.00 target price on the stock in a research note on Wednesday. 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 stock currently has a consensus rating of Hold and an average target price of $14.00.
Shares of Ooma (NYSE:OOMA) opened at $11.85 on Wednesday. Ooma has a 12 month low of $7.30 and a 12 month high of $12.75.
A number of institutional investors and hedge funds have recently modified their holdings of OOMA. Wolverine Trading LLC purchased a new stake in Ooma in the third quarter worth about $115,000. New York State Common Retirement Fund purchased a new stake in Ooma in the second quarter worth about $144,000. Parametric Portfolio Associates LLC lifted its holdings in Ooma by 94.2% in the second quarter. Parametric Portfolio Associates LLC now owns 24,092 shares of the technology company’s stock worth $193,000 after buying an additional 11,686 shares during the period. Schwab Charles Investment Management Inc. purchased a new stake in Ooma in the second quarter worth about $230,000. Finally, California State Teachers Retirement System purchased a new stake in Ooma in the second quarter worth about $240,000. Institutional investors and hedge funds own 73.26% of the company’s stock.
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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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