Boston Partners Sells 199,345 Shares of Ooma, Inc. (NYSE:OOMA)

Boston Partners lowered its position in Ooma, Inc. (NYSE:OOMA) by 34.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 382,579 shares of the technology company’s stock after selling 199,345 shares during the quarter. Boston Partners’ holdings in Ooma were worth $5,379,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of OOMA. Geode Capital Management LLC boosted its stake in shares of Ooma by 0.9% in the third quarter. Geode Capital Management LLC now owns 546,518 shares of the technology company’s stock worth $6,226,000 after acquiring an additional 4,683 shares during the period. State Street Corp lifted its holdings in Ooma by 2.9% in 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Ooma by 40.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,221 shares of the technology company’s stock worth $3,223,000 after purchasing an additional 66,009 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Ooma by 0.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 179,679 shares of the technology company’s stock worth $2,047,000 after purchasing an additional 1,364 shares during the period. Finally, Barclays PLC grew its holdings in Ooma by 32.7% during the 3rd quarter. Barclays PLC now owns 98,964 shares of the technology company’s stock valued at $1,128,000 after buying an additional 24,402 shares in the last quarter. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on OOMA. Benchmark boosted their target price on shares of Ooma from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Northland Securities increased their price objective on shares of Ooma from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Lake Street Capital reduced their target price on Ooma from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. B. Riley increased their price target on Ooma from $14.50 to $15.50 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, StockNews.com raised Ooma from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Ooma has a consensus rating of “Buy” and an average target price of $17.63.

Ooma Stock Down 2.4 %

Shares of NYSE OOMA opened at $13.30 on Friday. 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 12-month low of $6.50 and a 12-month high of $17.00. The firm’s 50-day moving average price is $14.30 and its 200-day moving average price is $13.41. The stock has a market capitalization of $359.02 million, a price-to-earnings ratio of -35.94 and a beta of 0.99.

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.