Ooma (OOMA) – Analysts’ Recent Ratings Changes

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Several brokerages have updated their recommendations and price targets on shares of Ooma (NYSE: OOMA) in the last few weeks:

9/13/2016 – Ooma was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Ooma, Inc. provides communications solutions and other connected services to small business, home and mobile users. The Company’s products include Ooma Office for small businesses, Business Promoter, Ooma Telo for home, Ooma end-point devices, Ooma Premier Service for Telo, Talkatone Application as well as caller identification, call-waiting and voice mail services. Ooma, Inc. is based in Palo Alto, United States. “
9/6/2016 – Ooma was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Ooma, Inc. provides communications solutions and other connected services to small business, home and mobile users. The Company’s products include Ooma Office for small businesses, Business Promoter, Ooma Telo for home, Ooma end-point devices, Ooma Premier Service for Telo, Talkatone Application as well as caller identification, call-waiting and voice mail services. Ooma, Inc. is based in Palo Alto, United States. “
8/31/2016 – Ooma had its “buy” rating reaffirmed by analysts at Bank of America Corp.. They now have a $12.00 price target on the stock.
8/31/2016 – Ooma had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG.
8/31/2016 – Ooma had its price target raised by analysts at JMP Securities from $12.00 to $14.00. They now have a “market outperform” rating on the stock.
8/3/2016 – Ooma was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Ooma, Inc. provides communications solutions and other connected services to small business, home and mobile users. The Company’s products include Ooma Office for small businesses, Business Promoter, Ooma Telo for home, Ooma end-point devices, Ooma Premier Service for Telo, Talkatone Application as well as caller identification, call-waiting and voice mail services. Ooma, Inc. is based in Palo Alto, United States. “

Shares of Ooma Inc (NYSE:OOMA) traded up 2.54% during trading on Wednesday, reaching $9.30. 9,318 shares of the company traded hands. Ooma Inc has a 12-month low of $5.43 and a 12-month high of $9.92. The stock’s market capitalization is $160.70 million. The firm’s 50 day moving average is $8.63 and its 200-day moving average is $7.47.
Ooma (NYSE:OOMA) last issued its quarterly earnings results on Tuesday, August 30th. The company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.03. The firm had revenue of $25.50 million for the quarter, compared to analysts’ expectations of $25.21 million. Ooma had a negative return on equity of 32.89% and a negative net margin of 14.33%. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. On average, equities research analysts anticipate that Ooma Inc will post ($0.22) earnings per share for the current fiscal year.

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In other Ooma news, VP James A. Gustke sold 6,000 shares of the firm’s stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $7.94, for a total transaction of $47,640.00. Following the completion of the sale, the vice president now directly owns 235,074 shares in the company, valued at approximately $1,866,487.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Spencer D. Jackson sold 6,500 shares of the firm’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $7.96, for a total value of $51,740.00. Following the sale, the vice president now owns 108,500 shares of the company’s stock, valued at $863,660. The disclosure for this sale can be found here. 48.19% of the stock is owned by corporate insiders.
Ooma, Inc is a provider of communications solutions and other connected services to small business, home and mobile users. The Company’s hybrid software as a service (SaaS) platform consists of its cloud, on premise appliances, mobile applications and end-point devices. The Company’s communications solutions deliver its PureVoice high-definition (HD) voice quality and integration with mobile devices.

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