Ooma, Inc. (NYSE:OOMA) Shares Purchased by PDT Partners LLC

PDT Partners LLC raised its position in Ooma, Inc. (NYSE:OOMA) by 35.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,235 shares of the technology company’s stock after acquiring an additional 5,300 shares during the quarter. PDT Partners LLC’s holdings in Ooma were worth $285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC raised its position in shares of Ooma by 2.1% during the 3rd quarter. Jane Street Group LLC now owns 40,547 shares of the technology company’s stock worth $462,000 after acquiring an additional 818 shares in the last quarter. Barclays PLC raised its holdings in Ooma by 0.9% during the fourth quarter. Barclays PLC now owns 99,891 shares of the technology company’s stock worth $1,405,000 after purchasing an additional 927 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Ooma by 26.4% during the 4th quarter. SG Americas Securities LLC now owns 12,768 shares of the technology company’s stock worth $180,000 after buying an additional 2,663 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Ooma by 0.4% in the 4th quarter. Renaissance Technologies LLC now owns 826,103 shares of the technology company’s stock valued at $11,615,000 after buying an additional 3,200 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Ooma by 29.3% in the 4th quarter. Wells Fargo & Company MN now owns 15,295 shares of the technology company’s stock valued at $215,000 after buying an additional 3,466 shares during the last quarter. Institutional investors and hedge funds own 80.42% of the company’s stock.

Ooma Price Performance

Shares of OOMA opened at $12.55 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 1.08. Ooma, Inc. has a fifty-two week low of $6.82 and a fifty-two week high of $17.00. The firm has a 50-day simple moving average of $12.93 and a 200-day simple moving average of $13.67. The company has a market capitalization of $345.97 million, a price-to-earnings ratio of -33.93 and a beta of 1.06.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Lake Street Capital decreased their price objective 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 target price on Ooma from $17.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $17.63.

Ooma Company Profile

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.