Ooma (NYSE:OOMA) Receives a Higher Rating From William Blair. Is it Time to Buy Shares?

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Ooma (NYSE:OOMA) Stock Upgrade

New York-listed Ooma (NYSE:OOMA), was upgraded by analysts at William Blair, who upgraded its rating on the $292.82 million market cap company to a solid Buy.

Ooma, Inc. (NYSE:OOMA) Ratings Coverage

Among 3 analysts covering Ooma (NYSE:OOMA), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Ooma has $20 highest and $13 lowest target. $16.50’s average target is 10.44% above currents $14.94 stock price. Ooma had 3 analyst reports since August 10, 2018 according to SRatingsIntel. The stock of Ooma, Inc. (NYSE:OOMA) earned “Neutral” rating by Credit Suisse on Friday, August 10. William Blair upgraded the stock to “Outperform” rating in Wednesday, November 28 report. The stock of Ooma, Inc. (NYSE:OOMA) has “Buy” rating given on Thursday, August 23 by FBR Capital.

The stock decreased 1.84% or $0.28 during the last trading session, reaching $14.94. About 73,409 shares traded or 0.87% up from the average. Ooma, Inc. (NYSE:OOMA) has risen 65.98% since December 2, 2017 and is uptrending. It has outperformed by 50.36% 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 $292.82 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 user's high-speed Internet connection.

More notable recent Ooma, Inc. (NYSE:OOMA) news were published by: Globenewswire.com which released: “Ooma Reports Third Quarter Fiscal Year 2019 Financial Results – GlobeNewswire” on November 27, 2018, also Benzinga.com with their article: “36 Stocks Moving In Wednesday’s Mid-Day Session – Benzinga” published on November 28, 2018, Globenewswire.com published: “Ooma Schedules Third Quarter Fiscal 2019 Results NYSE:OOMA – GlobeNewswire” on November 07, 2018. More interesting news about Ooma, Inc. (NYSE:OOMA) were released by: Nasdaq.com and their article: “Mid-Morning Market Update: Markets Open Higher; Dicks Sporting Goods Profit Beats Estimates – Nasdaq” published on November 28, 2018 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For November 27, 2018 – Benzinga” with publication date: November 27, 2018.

Ooma, Inc. (NYSE:OOMA) Ratings Chart

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