Can analysts adopt a bullish outlook for Ooma, Inc. (NYSE:OOMA)?

June 17, 2018 - By Darrin Black

Ooma, Inc. (NYSE:OOMA) Logo

Ooma, Inc. (NYSE:OOMA) Ratings Coverage

Among 4 analysts covering Ooma (NYSE:OOMA), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Ooma had 4 analyst reports since March 7, 2018 according to SRatingsIntel. On Wednesday, March 7 the stock rating was upgraded by Bank of America to “Neutral”. The rating was maintained by Credit Suisse with “Neutral” on Wednesday, March 7. As per Wednesday, March 7, the company rating was maintained by Northland Capital. The stock of Ooma, Inc. (NYSE:OOMA) earned “Buy” rating by FBR Capital on Wednesday, May 23. Below is a list of Ooma, Inc. (NYSE:OOMA) latest ratings and price target changes.

23/05/2018 Broker: FBR Capital Old Rating: Buy New Rating: Buy Old Target: $14 New Target: $15.5 Maintain
07/03/2018 Broker: Northland Capital Rating: Buy New Target: $15.0 Maintain
07/03/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $12 New Target: $13 Maintain
07/03/2018 Broker: Bank of America Old Rating: Underperform New Rating: Neutral Upgrade

The stock increased 1.23% or $0.15 during the last trading session, reaching $12.35. About 165,252 shares traded or 191.14% up from the average. Ooma, Inc. (NYSE:OOMA) has risen 42.94% since June 17, 2017 and is uptrending. It has outperformed by 30.37% the S&P500.

Ooma, Inc. provides communications solutions and other connected services to small business, home, and mobile users in the United States and Canadian markets. The company has market cap of $242.06 million. The firm offers Ooma Office, a multi-user communications system for small businesses; and Business Promoter, a service that helps businesses generate new customer leads. It currently has negative earnings. Ooma Office consists of an on-premise appliance and an Ooma Linx end-point device, which wirelessly connects regular desktop telephones to the userÂ’s high-speed Internet connection.

More important recent Ooma, Inc. (NYSE:OOMA) news were published by: Seekingalpha.com which released: “Ooma revenues grow nearly 10% in Q1 beat” on May 22, 2018, also Globenewswire.com published article titled: “Ooma to Participate in June Investor Conferences”, Seekingalpha.com published: “Ooma (OOMA) CEO Eric Stang on Q1 2019 Results – Earnings Call Transcript” on May 23, 2018. More interesting news about Ooma, Inc. (NYSE:OOMA) was released by: Globenewswire.com and their article: “Ooma Reports First Quarter Fiscal Year 2019 Financial Results” with publication date: May 22, 2018.

Ooma, Inc. (NYSE:OOMA) Ratings Chart

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