Domo, Inc. (NASDAQ:DOMO) Given Consensus Rating of "Hold" by Analysts

Domo, Inc. (NASDAQ:DOMO - Get Free Report) has earned a consensus rating of "Hold" from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.25.

Several equities research analysts have issued reports on the stock. Morgan Stanley decreased their price objective on shares of Domo from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. DA Davidson upgraded Domo to a "hold" rating in a report on Monday, March 10th. Cantor Fitzgerald restated an "overweight" rating and set a $11.00 price objective on shares of Domo in a research note on Thursday, March 20th. Cowen reiterated a "hold" rating on shares of Domo in a research note on Friday, March 7th. Finally, Lake Street Capital decreased their target price on shares of Domo from $9.50 to $8.50 and set a "hold" rating for the company in a research note on Friday, March 7th.

Insider Transactions at Domo

In other news, Director Daniel David Daniel III acquired 120,000 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average cost of $6.44 per share, for a total transaction of $772,800.00. Following the transaction, the director now directly owns 781,400 shares in the company, valued at $5,032,216. This trade represents a 18.14 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David R. Jolley sold 25,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $8.31, for a total transaction of $207,750.00. Following the sale, the director now owns 255,743 shares in the company, valued at $2,125,224.33. This trade represents a 8.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.04% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Domo by 2.6% in the 3rd quarter. State Street Corp now owns 750,371 shares of the company's stock worth $5,635,000 after purchasing an additional 19,361 shares in the last quarter. Barclays PLC lifted its position in shares of Domo by 56.8% during the 3rd quarter. Barclays PLC now owns 79,611 shares of the company's stock valued at $598,000 after acquiring an additional 28,838 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Domo by 0.5% during the third quarter. Geode Capital Management LLC now owns 759,353 shares of the company's stock worth $5,704,000 after purchasing an additional 4,091 shares during the period. JPMorgan Chase & Co. raised its position in shares of Domo by 2.4% during the third quarter. JPMorgan Chase & Co. now owns 524,105 shares of the company's stock worth $3,936,000 after purchasing an additional 12,494 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Domo by 19.1% during the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company's stock valued at $99,000 after purchasing an additional 2,247 shares during the last quarter. Institutional investors own 76.64% of the company's stock.

Domo Trading Up 2.5 %

Domo stock opened at $7.50 on Friday. The stock has a fifty day moving average price of $7.86 and a 200 day moving average price of $8.00. Domo has a 52 week low of $6.01 and a 52 week high of $10.15. The firm has a market capitalization of $299.55 million, a P/E ratio of -3.42 and a beta of 2.28.

Domo (NASDAQ:DOMO - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) EPS for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.26). The firm had revenue of $78.77 million for the quarter, compared to the consensus estimate of $77.95 million. As a group, equities analysts predict that Domo will post -2.1 EPS for the current year.

About Domo

Domo, Inc, together with its subsidiaries, operates a cloud-based business intelligence platform in North America, Western Europe, Canada, Australia, and Japan. Its platform digitally connects from the chief executive officer to the frontline employee with the various people, data, and systems in an organization, as well as giving them access to real-time data and insights, and allowing them to manage business via various browsers and visualization engines accessible across laptops, TV screens, monitors, tablets, and smartphones.

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