Walleye Capital LLC Boosts Stock Holdings in Ooma, Inc. (NYSE:OOMA)

Walleye Capital LLC lifted its stake in Ooma, Inc. (NYSE:OOMAGet Rating) by 5.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,911 shares of the technology company’s stock after purchasing an additional 3,208 shares during the period. Walleye Capital LLC’s holdings in Ooma were worth $898,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Trigran Investments Inc. increased its position in shares of Ooma by 15.4% in the 1st quarter. Trigran Investments Inc. now owns 2,072,795 shares of the technology company’s stock valued at $31,071,000 after purchasing an additional 276,095 shares during the last quarter. Wellington Management Group LLP increased its holdings in Ooma by 22.4% in the first quarter. Wellington Management Group LLP now owns 1,153,787 shares of the technology company’s stock valued at $17,296,000 after buying an additional 211,434 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Ooma by 4.9% during the 1st quarter. Renaissance Technologies LLC now owns 972,303 shares of the technology company’s stock worth $14,575,000 after buying an additional 45,300 shares during the last quarter. State Street Corp boosted its position in shares of Ooma by 2.4% during the 1st quarter. State Street Corp now owns 661,399 shares of the technology company’s stock worth $9,914,000 after acquiring an additional 15,339 shares in the last quarter. Finally, Wasatch Advisors Inc. increased its holdings in shares of Ooma by 2.5% in the 4th quarter. Wasatch Advisors Inc. now owns 634,434 shares of the technology company’s stock valued at $12,968,000 after acquiring an additional 15,667 shares during the last quarter. 80.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on OOMA shares. Northland Securities decreased their target price on Ooma to $19.00 in a research note on Wednesday, May 25th. Alliance Global Partners reduced their price objective on shares of Ooma from $25.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, May 25th. StockNews.com downgraded shares of Ooma from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 9th. Finally, JMP Securities cut shares of Ooma from a “market outperform” rating to a “market perform” rating and reduced their price target for the company from $24.00 to $20.00 in a research report on Wednesday, May 25th.

Ooma Price Performance

Shares of Ooma stock opened at $12.82 on Tuesday. The firm’s fifty day simple moving average is $12.45 and its 200-day simple moving average is $13.13. Ooma, Inc. has a 12 month low of $10.82 and a 12 month high of $24.28. The stock has a market capitalization of $311.53 million, a price-to-earnings ratio of -427.33 and a beta of 0.69.

Ooma Profile

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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 Office Pro, which offers various services, including HD video meetings, call recording, enhanced call blocking, and voicemail transcription; Ooma Connect, which delivers fixed wireless internet connectivity; Ooma Managed Wi-Fi, a plug-and-play enterprise-grade Wi-Fi solution; and Ooma Enterprise, a unified-communications-as-a-service solution.

Further Reading

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Institutional Ownership by Quarter for Ooma (NYSE:OOMA)

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