Northland Securities Believes Ooma (OOMA) Won’t Stop Here


Northland Securities analyst Michael Latimore maintained a Buy rating on Ooma (OOMA) today and set a price target of $18. The company’s shares opened today at $16.29, close to its 52-week high of $17.50.

Latimore commented:

“We are increasing our Business subscription estimates with a little lower Residential subscription revenue, leaving total rev est about same. Guided year revenue above consensus and EPS below.”

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 15.4% and a 58.3% success rate. Latimore covers the Technology sector, focusing on stocks such as Everbridge Inc, Veritone Inc, and Orbcomm Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ooma with a $19.50 average price target, which is a 19.7% upside from current levels. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $20 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.

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