Northland Securities Keeps a Buy Rating on Ooma (OOMA)

By Austin Angelo

In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Ooma (OOMAResearch Report), with a price target of $19.00. The company’s shares closed last Monday at $11.15.

According to TipRanks.com, Latimore is a 4-star analyst with an average return of 5.8% and a 50.0% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming, The Meet Group, and RingCentral.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ooma with a $19.75 average price target, representing a 76.0% upside. In a report issued on November 18, B.Riley FBR also reiterated a Buy rating on the stock with a $20.50 price target.

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The company has a one-year high of $16.72 and a one-year low of $9.85. Currently, Ooma has an average volume of 83.35K.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OOMA in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.