Domo, Inc. (NASDAQ:DOMO) Short Interest Down 10.2% in January

Domo, Inc. (NASDAQ:DOMO - Get Free Report) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,500,000 shares, a decrease of 10.2% from the January 15th total of 1,670,000 shares. Approximately 4.6% of the shares of the stock are sold short. Based on an average daily volume of 331,100 shares, the short-interest ratio is presently 4.5 days.

Institutional Investors Weigh In On Domo

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on DOMO shares. Cantor Fitzgerald started coverage on Domo in a research report on Tuesday, February 11th. They issued an "overweight" rating and a $11.00 target price for the company. Lake Street Capital upped their target price on Domo from $8.00 to $9.50 and gave the stock a "hold" rating in a research report on Friday, December 6th. TD Cowen upped their target price on Domo from $9.00 to $10.00 and gave the stock a "hold" rating in a research report on Friday, November 29th. Finally, JMP Securities restated a "market outperform" rating and issued a $16.00 target price on shares of Domo in a research report on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Domo has a consensus rating of "Hold" and an average price target of $10.25.

Domo Price Performance

Shares of NASDAQ:DOMO traded down $0.29 on Friday, reaching $8.16. 260,226 shares of the company traded hands, compared to its average volume of 324,739. Domo has a fifty-two week low of $6.11 and a fifty-two week high of $11.87. The company's 50 day moving average is $7.74 and its 200-day moving average is $7.87. The stock has a market capitalization of $319.14 million, a PE ratio of -3.73 and a beta of 2.49.

Domo (NASDAQ:DOMO - Get Free Report) last announced 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 firm had revenue of $79.68 million during the quarter, compared to the consensus estimate of $77.56 million. Domo's quarterly revenue was down .1% on a year-over-year basis. As a group, analysts expect 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.