Martingale Asset Management L P Purchases 17,590 Shares of Ooma, Inc. (NYSE:OOMA)

Martingale Asset Management L P raised its holdings in shares of Ooma, Inc. (NYSE:OOMA) by 38.6% during the third quarter, Holdings Channel reports. The fund owned 63,127 shares of the technology company’s stock after buying an additional 17,590 shares during the period. Martingale Asset Management L P’s holdings in Ooma were worth $719,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Ooma by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 1,266,320 shares of the technology company’s stock valued at $10,802,000 after purchasing an additional 68,430 shares in the last quarter. Acadian Asset Management LLC boosted its position in Ooma by 40.4% during the second quarter. Acadian Asset Management LLC now owns 535,404 shares of the technology company’s stock valued at $5,314,000 after buying an additional 154,117 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Ooma by 69.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 163,212 shares of the technology company’s stock valued at $1,859,000 after buying an additional 66,678 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Ooma in the second quarter worth about $119,000. Finally, SG Americas Securities LLC bought a new stake in shares of Ooma in the 3rd quarter valued at about $115,000. 80.42% of the stock is currently owned by institutional investors.

Ooma Stock Down 0.3 %

NYSE OOMA opened at $14.76 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.83. Ooma, Inc. has a 1 year low of $6.50 and a 1 year high of $15.52. The stock has a market capitalization of $395.57 million, a PE ratio of -77.68 and a beta of 0.92. The business’s 50-day moving average is $12.59 and its 200 day moving average is $10.49.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. B. Riley raised their price target on Ooma from $14.50 to $15.50 and gave the stock a “buy” rating in a research report on Monday, November 25th. JMP Securities restated a “market perform” rating on shares of Ooma in a report on Wednesday, August 28th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.75.

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.