In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Ooma (OOMA), with a price target of $18. The company’s shares closed yesterday at $14.54.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 15.3% and a 60.2% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.
Ooma has an analyst consensus of Strong Buy, with a price target consensus of $19.50, which is a 34.1% upside from current levels. In a report issued on May 16, B.Riley FBR also assigned a Buy rating to the stock with a $20.50 price target.
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Based on Ooma’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $3.49 million. In comparison, last year the company had a GAAP net loss of $3.69 million.
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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.
