OOMA - Ooma gains 2% as William Blair sees good potential from roadshow

Ooma (OOMA) is up 1.8%, bouncing of a couple of weeks of declines, following a bullish note from William Blair after hosting a nondeal roadshow. The firm reiterated an Outperform rating and said that Ooma has opportunities to accelerate growth from here. And the roadshow left the firm positive on "progress with growth initiatives, and with reinforced confidence in the post-Covid recovery." Shares had hit their 52-week high on June 14 before a string of six straight declines. The stock is down 23% since then, with nearly 10% of that drop coming in the last five days. Yet it's still up 31% over the past six months. The Street is Very Bullish on the stock, which has a Quant Rating of Neutral.

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Ooma gains 2% as William Blair sees good potential from roadshow