Cantor Fitzgerald Reaffirms Overweight Rating for Domo (NASDAQ:DOMO)

Domo (NASDAQ:DOMO - Get Free Report)'s stock had its "overweight" rating reissued by analysts at Cantor Fitzgerald in a research report issued on Friday,Benzinga reports. They currently have a $11.00 target price on the stock. Cantor Fitzgerald's price target indicates a potential upside of 39.15% from the stock's current price.

Several other equities analysts have also recently issued reports on the stock. Lake Street Capital upped their price target on shares of Domo from $8.00 to $9.50 and gave the company a "hold" rating in a research report on Friday, December 6th. TD Cowen increased their price objective on Domo from $9.00 to $10.00 and gave the company a "hold" rating in a report on Friday, November 29th. DA Davidson began coverage on Domo in a report on Friday. They set a "neutral" rating and a $8.00 target price on the stock. Finally, JMP Securities reissued a "market outperform" rating and issued a $16.00 price target on shares of Domo in a research note on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.08.

Domo Stock Down 3.4 %

Shares of NASDAQ DOMO traded down $0.28 during midday trading on Friday, reaching $7.91. 225,232 shares of the company were exchanged, compared to its average volume of 323,988. Domo has a one year low of $6.11 and a one year high of $10.31. The stock has a market cap of $309.15 million, a P/E ratio of -3.61 and a beta of 2.56. The stock's 50-day moving average price is $7.83 and its 200-day moving average price is $7.87.

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Domo (NASDAQ:DOMO - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $77.95 million. On average, equities research analysts anticipate that Domo will post -2.1 EPS for the current year.

Institutional Investors Weigh In On Domo

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its holdings in 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 buying an additional 4,091 shares during the last quarter. XTX Topco Ltd purchased a new position in Domo in the 3rd quarter worth approximately $97,000. FMR LLC lifted its position in Domo by 20.6% in the 3rd quarter. FMR LLC now owns 301,457 shares of the company's stock valued at $2,264,000 after acquiring an additional 51,494 shares in the last quarter. Barclays PLC lifted its position in Domo by 56.8% in the 3rd quarter. Barclays PLC now owns 79,611 shares of the company's stock valued at $598,000 after acquiring an additional 28,838 shares in the last quarter. Finally, State Street Corp boosted its stake in 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 purchasing an additional 19,361 shares during the last quarter. 76.64% of the stock is owned by hedge funds and other 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.