Tower Research Capital LLC TRC Raises Stock Position in Ooma, Inc. (NYSE:OOMA)

Tower Research Capital LLC TRC boosted its position in shares of Ooma, Inc. (NYSE:OOMA) by 84.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,191 shares of the technology company’s stock after acquiring an additional 2,384 shares during the period. Tower Research Capital LLC TRC’s holdings in Ooma were worth $56,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of OOMA. Covestor Ltd increased its holdings in shares of Ooma by 31.6% during the third quarter. Covestor Ltd now owns 3,943 shares of the technology company’s stock valued at $51,000 after acquiring an additional 946 shares in the last quarter. Corton Capital Inc. purchased a new stake in shares of Ooma during the third quarter valued at $142,000. Hsbc Holdings PLC purchased a new position in Ooma in the 3rd quarter worth $291,000. Teton Advisors Inc. lifted its position in Ooma by 60.0% during the 3rd quarter. Teton Advisors Inc. now owns 40,000 shares of the technology company’s stock worth $520,000 after acquiring an additional 15,000 shares during the period. Finally, Barclays PLC grew its stake in Ooma by 4.4% during the 3rd quarter. Barclays PLC now owns 50,396 shares of the technology company’s stock valued at $657,000 after purchasing an additional 2,108 shares during the last quarter. 80.42% of the stock is owned by hedge funds and other institutional investors.

Ooma Price Performance

Shares of OOMA traded up $0.27 during mid-day trading on Monday, hitting $7.15. 236,592 shares of the company were exchanged, compared to its average volume of 83,847. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.85 and a current ratio of 1.24. Ooma, Inc. has a 1-year low of $6.50 and a 1-year high of $15.66. The stock has a market cap of $188.90 million, a price-to-earnings ratio of -238.33 and a beta of 0.81. The company has a 50 day moving average of $8.54 and a 200-day moving average of $10.10.

Ooma (NYSE:OOMA) last issued its quarterly earnings results on Tuesday, March 5th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. Ooma had a positive return on equity of 0.35% and a negative net margin of 0.35%. The firm had revenue of $61.68 million for the quarter, compared to analyst estimates of $61.46 million. Analysts expect that Ooma, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. TheStreet lowered Ooma from a “c” rating to a “d+” rating in a research report on Tuesday, March 5th. Alliance Global Partners lowered their target price on shares of Ooma from $16.00 to $14.50 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. Benchmark cut their price target on Ooma from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th. Finally, B. Riley reissued a “buy” rating and issued a $14.50 price objective (down from $19.00) on shares of Ooma in a report on Wednesday, March 6th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $14.67.

Ooma 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.