D. E. Shaw & Co. Inc. Has $1.06 Million Stock Position in Ooma, Inc. (NYSE:OOMA)

D. E. Shaw & Co. Inc. grew its holdings in Ooma, Inc. (NYSE:OOMA) by 138.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,456 shares of the technology company’s stock after purchasing an additional 43,776 shares during the period. D. E. Shaw & Co. Inc. owned about 0.28% of Ooma worth $1,061,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in Ooma in the 4th quarter valued at $92,000. EntryPoint Capital LLC bought a new stake in Ooma during the fourth quarter worth about $153,000. Oxford Asset Management LLP bought a new position in Ooma in the fourth quarter valued at approximately $168,000. SG Americas Securities LLC grew its stake in Ooma by 26.4% in the fourth quarter. SG Americas Securities LLC now owns 12,768 shares of the technology company’s stock valued at $180,000 after purchasing an additional 2,663 shares in the last quarter. Finally, ExodusPoint Capital Management LP acquired a new position in shares of Ooma during the 4th quarter worth approximately $189,000. Institutional investors own 80.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Lake Street Capital decreased their target price on shares of Ooma from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Benchmark boosted their price objective on shares of Ooma from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $17.63.

Ooma Trading Down 3.0%

Shares of OOMA stock opened at $12.96 on Friday. Ooma, Inc. has a 12-month low of $7.16 and a 12-month high of $17.00. The firm has a 50 day moving average price of $12.75 and a two-hundred day moving average price of $13.78. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $357.14 million, a PE ratio of -35.02 and a beta of 1.21.

About Ooma

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.