Cantor Fitzgerald Begins Coverage on Domo (NASDAQ:DOMO)

Cantor Fitzgerald assumed coverage on shares of Domo (NASDAQ:DOMO - Free Report) in a research note published on Tuesday, Marketbeat Ratings reports. The firm issued an overweight rating and a $11.00 target price on the stock. Cantor Fitzgerald also issued estimates for Domo's FY2025 earnings at ($2.09) EPS.

Several other analysts have also recently commented on the company. Lake Street Capital raised their target price on Domo from $8.00 to $9.50 and gave the company a "hold" rating in a research report on Friday, December 6th. JMP Securities reiterated a "market outperform" rating and set a $16.00 price objective on shares of Domo in a report on Friday, December 6th. Finally, TD Cowen raised their target price on Domo from $9.00 to $10.00 and gave the company a "hold" rating in a report on Friday, November 29th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $10.25.

Domo Trading Down 1.3 %

NASDAQ DOMO traded down $0.12 on Tuesday, hitting $9.04. 207,883 shares of the stock traded hands, compared to its average volume of 329,367. The stock has a 50-day moving average of $7.63 and a 200 day moving average of $7.85. Domo has a twelve month low of $6.11 and a twelve month high of $11.87. The company has a market capitalization of $353.36 million, a P/E ratio of -4.13 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) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.27). The business had revenue of $79.68 million during the quarter, compared to analysts' expectations of $77.56 million. The business's revenue was down .1% on a year-over-year basis. As a group, equities research analysts expect that Domo will post -2.1 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Domo during the 4th quarter worth approximately $47,000. R Squared Ltd acquired a new position in Domo in the fourth quarter valued at $56,000. SG Americas Securities LLC acquired a new position in Domo in the third quarter valued at $88,000. Riggs Capital Management LLC acquired a new position in Domo in the fourth quarter valued at $85,000. Finally, XTX Topco Ltd bought a new stake in Domo in the third quarter valued at $97,000. 76.64% of the stock is owned by institutional investors.

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.