JMP Securities analyst Patrick Walravens maintained a Buy rating on Ooma (OOMA) today and set a price target of $20. The company’s shares opened today at $16.29, close to its 52-week high of $17.50.
According to TipRanks.com, Walravens is a top 100 analyst with an average return of 20.5% and a 73.2% success rate. Walravens covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Salesforce.com, and Ellie Mae Inc.
Ooma has an analyst consensus of Moderate Buy, with a price target consensus of $20.25, implying a 24.3% upside from current levels. In a report released today, B.Riley FBR also maintained a Buy rating on the stock with a $20.50 price target.
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The company has a one-year high of $17.50 and a one-year low of $10.20. Currently, Ooma has an average volume of 60.99K.
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Ooma, Inc. is a holding company, which provides communications solutions and other connected services to small business, home and mobile users. It hybrid SaaS platform, consisting of their proprietary cloud, on-premise appliances, mobile applications, and end-point devices, provides the connectivity and functionality that power its solutions.
