Integrated Quantitative Investments LLC Acquires Shares of 21,461 Ooma, Inc. (NYSE:OOMA)

Integrated Quantitative Investments LLC bought a new stake in Ooma, Inc. (NYSE:OOMA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 21,461 shares of the technology company’s stock, valued at approximately $302,000. Integrated Quantitative Investments LLC owned about 0.08% of Ooma at the end of the most recent quarter.

Several other large investors have also modified their holdings of OOMA. Quantbot Technologies LP acquired a new position in Ooma in the 4th quarter valued at $92,000. Virtus Investment Advisers Inc. acquired a new position in shares of Ooma during the third quarter worth about $98,000. EntryPoint Capital LLC acquired a new stake in Ooma in the fourth quarter valued at about $153,000. Paloma Partners Management Co acquired a new stake in Ooma in the third quarter valued at about $126,000. Finally, SG Americas Securities LLC boosted its holdings in Ooma by 26.4% in the 4th 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. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on OOMA shares. Lake Street Capital reduced their price target on Ooma from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Benchmark boosted their target price on shares of Ooma from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Ooma currently has an average rating of “Buy” and a consensus target price of $17.63.

Ooma Trading Down 2.5 %

Shares of OOMA stock opened at $12.20 on Friday. The company has a market capitalization of $329.40 million, a price-to-earnings ratio of -32.97 and a beta of 0.99. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $14.14 and a 200 day moving average price of $13.59. Ooma, Inc. has a twelve month low of $6.50 and a twelve month high of $17.00.

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.