Domo (NASDAQ:DOMO) Earns Neutral Rating from Analysts at DA Davidson

Research analysts at DA Davidson started coverage on shares of Domo (NASDAQ:DOMO - Get Free Report) in a research note issued on Friday, MarketBeat.com reports. The firm set a "neutral" rating and a $8.00 price target on the stock. DA Davidson's price target would suggest a potential upside of 1.72% from the stock's current price.

A number of other equities research analysts have also recently weighed in on DOMO. JMP Securities restated a "market outperform" rating and issued a $16.00 price target on shares of Domo in a research note on Friday, December 6th. TD Cowen increased their price target on shares of Domo from $9.00 to $10.00 and gave the company a "hold" rating in a report on Friday, November 29th. Lake Street Capital boosted their price objective on Domo from $8.00 to $9.50 and gave the stock a "hold" rating in a report on Friday, December 6th. Finally, Cantor Fitzgerald raised shares of Domo to a "strong-buy" rating in a report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Domo presently has an average rating of "Hold" and an average price target of $10.08.

Domo Price Performance

DOMO traded down $0.32 during mid-day trading on Friday, hitting $7.87. The stock had a trading volume of 181,473 shares, compared to its average volume of 322,759. Domo has a 1-year low of $6.11 and a 1-year high of $10.31. The firm has a market capitalization of $307.58 million, a price-to-earnings ratio of -3.58 and a beta of 2.56. The stock's fifty day simple moving average is $7.83 and its 200-day simple moving average is $7.87.

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Domo (NASDAQ:DOMO - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported ($0.44) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.26). The company had revenue of $78.77 million for the quarter, compared to analyst estimates of $77.95 million. As a group, research analysts expect that Domo will post -2.1 earnings per share for the current fiscal year.

Institutional Trading of Domo

Several large investors have recently bought and sold shares of DOMO. Vanguard Group Inc. lifted its holdings in shares of Domo by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 5,107,851 shares of the company's stock worth $36,164,000 after acquiring an additional 36,029 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Domo by 9.4% during the fourth 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 last quarter. RPD Fund Management LLC acquired a new position in shares of Domo during the fourth quarter worth $15,449,000. Geode Capital Management LLC lifted its stake in shares of Domo by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 770,810 shares of the company's stock valued at $5,458,000 after acquiring an additional 11,457 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Domo by 2.6% during the 3rd quarter. State Street Corp now owns 750,371 shares of the company's stock valued at $5,635,000 after acquiring an additional 19,361 shares in the last quarter. 76.64% of the stock is owned by institutional investors and hedge funds.

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.