Domo (NASDAQ:DOMO) Given New $9.50 Price Target at Lake Street Capital

Domo (NASDAQ:DOMO - Get Free Report) had its target price increased by research analysts at Lake Street Capital from $8.00 to $9.50 in a research report issued on Friday,Benzinga reports. The firm presently has a "hold" rating on the stock. Lake Street Capital's price target would suggest a potential upside of 19.05% from the company's current price.

Other equities research analysts have also recently issued reports about the company. DA Davidson upped their price objective on Domo from $7.00 to $8.00 and gave the stock a "neutral" rating in a research note on Friday, August 30th. 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 research report on Friday, November 29th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $16.00 price objective on shares of Domo in a research report on Friday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Domo currently has an average rating of "Hold" and an average target price of $10.10.

Domo Stock Performance

NASDAQ DOMO traded down $1.76 on Friday, reaching $7.98. 1,247,549 shares of the stock traded hands, compared to its average volume of 209,818. Domo has a 12 month low of $6.11 and a 12 month high of $12.23. The company has a market cap of $308.27 million, a price-to-earnings ratio of -3.64 and a beta of 2.44. The company has a fifty day moving average price of $8.33 and a 200-day moving average price of $7.74.

Domo (NASDAQ:DOMO - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.27). The company had revenue of $79.68 million during the quarter, compared to analysts' expectations of $77.56 million. The firm's quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts anticipate that Domo will post -2.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Domo

Several institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC raised its stake in Domo by 32.3% in the 2nd quarter. Acadian Asset Management LLC now owns 1,301,495 shares of the company's stock worth $10,042,000 after acquiring an additional 317,388 shares during the last quarter. Geode Capital Management LLC raised its stake 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 last quarter. State Street Corp lifted its holdings in shares of Domo by 2.6% during the third 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. 272 Capital LP boosted its position in Domo by 52.1% in the second quarter. 272 Capital LP now owns 416,464 shares of the company's stock valued at $3,215,000 after buying an additional 142,609 shares during the last quarter. Finally, FMR LLC increased its holdings in Domo by 20.6% in the 3rd quarter. FMR LLC now owns 301,457 shares of the company's stock worth $2,264,000 after buying an additional 51,494 shares during the period. 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.