Domo, Inc. (NASDAQ:DOMO) Receives Consensus Rating of "Hold" from Analysts

Shares of Domo, Inc. (NASDAQ:DOMO - Get Free Report) have received a consensus recommendation of "Hold" from the six analysts that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $10.25.

A number of analysts recently commented on DOMO shares. Cantor Fitzgerald started coverage on shares of Domo in a research report on Tuesday. They issued an "overweight" rating and a $11.00 price objective for the company. TD Cowen increased their target price on Domo from $9.00 to $10.00 and gave the stock a "hold" rating in a report on Friday, November 29th. Lake Street Capital increased their target price on Domo from $8.00 to $9.50 and gave the stock a "hold" rating in a report on Friday, December 6th. Finally, JMP Securities reiterated a "market outperform" rating and set a $16.00 target price on shares of Domo in a report on Friday, December 6th.

Domo Price Performance

Shares of DOMO stock traded down $0.13 during trading hours on Tuesday, reaching $9.02. The company had a trading volume of 213,066 shares, compared to its average volume of 329,516. The company has a 50 day moving average of $7.63 and a 200 day moving average of $7.85. The firm has a market cap of $352.81 million, a price-to-earnings ratio of -4.12 and a beta of 2.49. Domo has a 1-year low of $6.11 and a 1-year high of $11.87.

Domo (NASDAQ:DOMO - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.27). The company had revenue of $79.68 million for the quarter, compared to analyst estimates of $77.56 million. Domo's revenue was down .1% on a year-over-year basis. As a group, sell-side analysts forecast that Domo will post -2.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Domo

Several hedge funds have recently modified their holdings of DOMO. SG Americas Securities LLC bought a new position in shares of Domo in the 3rd quarter valued at about $88,000. Olympiad Research LP bought a new position in shares of Domo in the 3rd quarter valued at about $161,000. Quest Partners LLC grew its holdings in shares of Domo by 291.9% in the 3rd quarter. Quest Partners LLC now owns 13,700 shares of the company's stock valued at $103,000 after acquiring an additional 10,204 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Domo by 7.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 267,553 shares of the company's stock valued at $2,009,000 after acquiring an additional 18,069 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Domo by 20.6% in the 3rd quarter. FMR LLC now owns 301,457 shares of the company's stock valued at $2,264,000 after acquiring an additional 51,494 shares in the last quarter. Institutional investors own 76.64% of the company's stock.

Domo Company Profile

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.