Marshall Wace LLP Grows Position in Ooma, Inc. (NYSE:OOMA)

Marshall Wace LLP boosted its position in shares of Ooma, Inc. (NYSE:OOMA) by 188.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 146,621 shares of the technology company’s stock after purchasing an additional 95,765 shares during the period. Marshall Wace LLP owned about 0.54% of Ooma worth $2,061,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. purchased a new position in Ooma during the 4th quarter worth $363,000. State Street Corp lifted its stake in shares of Ooma by 2.9% during the 3rd quarter. State Street Corp now owns 475,737 shares of the technology company’s stock worth $5,419,000 after purchasing an additional 13,240 shares during the last quarter. Inspire Investing LLC bought a new stake in Ooma during the fourth quarter valued at about $802,000. Barclays PLC grew its stake in Ooma by 32.7% in the third quarter. Barclays PLC now owns 98,964 shares of the technology company’s stock valued at $1,128,000 after purchasing an additional 24,402 shares during the last quarter. Finally, Franklin Resources Inc. bought a new position in Ooma in the third quarter worth about $197,000. Institutional investors own 80.42% of the company’s stock.

Analyst Ratings Changes

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

Ooma Stock Performance

NYSE OOMA opened at $11.88 on Monday. The stock has a market capitalization of $327.42 million, a price-to-earnings ratio of -32.11 and a beta of 1.06. The stock has a 50-day moving average of $13.19 and a 200 day moving average of $13.68. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04. Ooma, Inc. has a twelve month low of $6.82 and a twelve month high of $17.00.

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.