In a report released today, Eric Martinuzzi from Lake Street maintained a Buy rating on Ooma (OOMA – Research Report), with a price target of $14.00. The company’s shares closed last Wednesday at $14.46.
Martinuzzi covers the Technology sector, focusing on stocks such as Brightcove, Domo, and Backblaze. According to TipRanks, Martinuzzi has an average return of 8.8% and a 48.01% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ooma with a $14.75 average price target, a 2.01% upside from current levels. In a report released on November 25, B.Riley Financial also maintained a Buy rating on the stock with a $15.50 price target.
The company has a one-year high of $14.61 and a one-year low of $6.50. Currently, Ooma has an average volume of 103.9K.
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Ooma (OOMA) Company Description:
Ooma, Inc. engages in the provision of platform for cloud-based communications solutions, smart security and other connected services. It helps create smart workplaces and homes by providing communications, monitoring, security, automation, productivity, and networking infrastructure applications. Its products and services Ooma business that offers small business phone service, and enterprise communications; Ooma residential that deals with phone services, and smart security; and Talkatone mobile app. The company was founded by Andrew Frame, Dennis Peng, and Michael Cerda on November 19, 2003 and is headquartered in Palo Alto, CA.
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