Brokerages Set Domo, Inc. (NASDAQ:DOMO) Price Target at $10.08

Domo, Inc. (NASDAQ:DOMO - Get Free Report) has been given an average recommendation of "Hold" by the six analysts that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $10.08.

Several research analysts have recently issued reports on DOMO shares. Lake Street Capital decreased 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. Cantor Fitzgerald reissued an "overweight" rating and set a $11.00 price objective on shares of Domo in a research report on Friday. TD Cowen boosted their target price on shares of Domo from $9.00 to $10.00 and gave the company a "hold" rating in a report on Friday, November 29th. DA Davidson initiated coverage on shares of Domo in a research note on Friday. They issued a "neutral" rating and a $8.00 price target for the company. Finally, JMP Securities reissued a "market outperform" rating and set a $16.00 price objective on shares of Domo in a research note on Friday, December 6th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DOMO. Geode Capital Management LLC boosted its position in shares of Domo by 0.5% in 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. XTX Topco Ltd purchased a new stake in shares of Domo during the third quarter worth about $97,000. FMR LLC raised its stake in Domo by 20.6% during the 3rd quarter. FMR LLC now owns 301,457 shares of the company's stock valued at $2,264,000 after purchasing an additional 51,494 shares during the period. Barclays PLC lifted its holdings in Domo by 56.8% in the 3rd quarter. Barclays PLC now owns 79,611 shares of the company's stock worth $598,000 after purchasing an additional 28,838 shares in the last quarter. Finally, State Street Corp boosted its stake in 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 during the period. 76.64% of the stock is owned by hedge funds and other institutional investors.

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Domo Price Performance

Domo stock traded down $0.27 during mid-day trading on Friday, reaching $7.91. 16,740 shares of the company traded hands, compared to its average volume of 319,677. Domo has a 52-week low of $6.11 and a 52-week high of $10.31. The firm has a market capitalization of $309.50 million, a price-to-earnings ratio of -3.61 and a beta of 2.56. The firm's 50 day moving average price is $7.83 and its 200 day moving average price is $7.87.

Domo (NASDAQ:DOMO - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The company had revenue of $78.77 million for the quarter, compared to the consensus estimate of $77.95 million. On average, sell-side analysts anticipate 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.