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

Domo, Inc. (NASDAQ:DOMO - Get Free Report) has been assigned an average rating of "Hold" from the seven research firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $10.42.

DOMO has been the subject of a number of research reports. Morgan Stanley raised their target price on Domo from $7.00 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, March 13th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $11.00 target price on shares of Domo in a research note on Thursday, March 20th. DA Davidson upgraded Domo to a "hold" rating in a research report on Monday, March 10th. Lake Street Capital dropped their target price on Domo from $9.50 to $8.50 and set a "hold" rating for the company in a research report on Friday, March 7th. Finally, Cowen reiterated a "hold" rating on shares of Domo in a report on Friday, March 7th.

Domo Trading Down 11.5 %

Shares of Domo stock traded down $0.93 during mid-day trading on Wednesday, reaching $7.16. 435,245 shares of the stock were exchanged, compared to its average volume of 360,479. Domo has a fifty-two week low of $6.11 and a fifty-two week high of $10.15. The company has a market cap of $280.01 million, a price-to-earnings ratio of -3.27 and a beta of 2.28. The firm has a 50-day simple moving average of $8.27 and a 200 day simple moving average of $7.96.

Remove Ads

Domo (NASDAQ:DOMO - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate 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. On average, research analysts predict that Domo will post -2.1 EPS for the current fiscal year.

Insider Buying and Selling at Domo

In related news, Director David R. Jolley sold 25,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $8.31, for a total value of $207,750.00. Following the sale, the director now directly owns 255,743 shares in the company, valued at $2,125,224.33. This trade represents a 8.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 14.04% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. RPD Fund Management LLC bought a new position in shares of Domo during the fourth quarter worth $15,449,000. Ameriprise Financial Inc. raised its stake in Domo by 9.4% during the 4th quarter. Ameriprise Financial Inc. now owns 3,287,833 shares of the company's stock worth $23,278,000 after buying an additional 282,943 shares during the period. Parallax Volatility Advisers L.P. lifted its holdings in Domo by 113.9% during the third quarter. Parallax Volatility Advisers L.P. now owns 29,990 shares of the company's stock worth $225,000 after acquiring an additional 246,016 shares in the last quarter. CenterBook Partners LP acquired a new position in Domo in the fourth quarter valued at about $1,586,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Domo in the fourth quarter worth about $980,000. Institutional investors and hedge funds own 76.64% of the company's stock.

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.