Domo's (DOMO) "Market Outperform" Rating Reaffirmed at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Domo (NASDAQ:DOMO - Free Report) in a research note issued to investors on Friday morning,Benzinga reports. They currently have a $16.00 target price on the stock.

DOMO has been the subject of a number of other reports. TD Cowen lifted their target price on shares of Domo from $9.00 to $10.00 and gave the company a "hold" rating in a research note on Friday, November 29th. DA Davidson boosted their price objective on shares of Domo from $7.00 to $8.00 and gave the stock a "neutral" rating in a research note on Friday, August 30th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $10.10.

Domo Price Performance

NASDAQ DOMO traded down $1.76 during trading on Friday, reaching $7.98. The company's stock had a trading volume of 1,247,549 shares, compared to its average volume of 209,818. The business has a 50-day moving average price of $8.33 and a 200-day moving average price of $7.74. Domo has a 1-year low of $6.11 and a 1-year high of $12.23.

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

Institutional Trading of Domo

A number of institutional investors and hedge funds have recently modified their holdings of DOMO. Barclays PLC increased its position in Domo by 56.8% during the third quarter. Barclays PLC now owns 79,611 shares of the company's stock worth $598,000 after acquiring an additional 28,838 shares during the period. Geode Capital Management LLC increased its position in Domo by 0.5% during the third quarter. Geode Capital Management LLC now owns 759,353 shares of the company's stock worth $5,704,000 after acquiring an additional 4,091 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Domo during the third quarter worth $181,000. XTX Topco Ltd bought a new position in Domo during the third quarter worth $97,000. Finally, State Street Corp increased its position in 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 acquiring an additional 19,361 shares during the period. 76.64% of the stock is currently owned by institutional investors and hedge funds.

Domo Company Profile

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.