Domo (NASDAQ:DOMO) Given Overweight Rating at Cantor Fitzgerald

Domo (NASDAQ:DOMO - Get Free Report)'s stock had its "overweight" rating reiterated by analysts at Cantor Fitzgerald in a research report issued on Thursday,Benzinga reports. They currently have a $11.00 target price on the stock. Cantor Fitzgerald's price objective suggests a potential upside of 22.63% from the stock's current price.

DOMO has been the topic of several other reports. Cowen reissued a "hold" rating on shares of Domo in a research note on Friday, March 7th. Morgan Stanley increased their price target on Domo from $7.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, March 13th. Lake Street Capital dropped their price objective on shares of Domo from $9.50 to $8.50 and set a "hold" rating for the company in a research note on Friday, March 7th. JMP Securities reiterated a "market outperform" rating and set a $16.00 price objective on shares of Domo in a research report on Friday, December 6th. Finally, TD Cowen raised their target price on shares of Domo from $9.00 to $10.00 and gave the stock a "hold" rating in a report on Friday, November 29th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Domo currently has a consensus rating of "Hold" and an average target price of $10.42.

Domo Price Performance

Shares of NASDAQ DOMO traded up $0.68 during midday trading on Thursday, reaching $8.97. 489,141 shares of the stock traded hands, compared to its average volume of 354,516. The company's 50 day moving average is $8.13 and its 200 day moving average is $7.92. Domo has a one year low of $6.11 and a one year high of $10.15. The stock has a market capitalization of $350.80 million, a PE ratio of -4.10 and a beta of 2.56.

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Domo (NASDAQ:DOMO - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The business had revenue of $78.77 million for the quarter, compared to analyst estimates of $77.95 million. As a group, equities analysts forecast that Domo will post -2.1 EPS for the current year.

Insider Activity

In related news, Director David R. Jolley sold 25,000 shares of Domo stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $8.31, for a total transaction of $207,750.00. Following the completion of the sale, the director now owns 255,743 shares in the company, valued at $2,125,224.33. This trade represents a 8.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 14.04% of the company's stock.

Hedge Funds Weigh In On Domo

A number of hedge funds have recently added to or reduced their stakes in the stock. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Domo during the fourth quarter valued at approximately $47,000. R Squared Ltd bought a new stake in Domo during the 4th quarter valued at $56,000. Riggs Capital Management LLC purchased a new stake in shares of Domo in the 4th quarter worth $85,000. XTX Topco Ltd bought a new position in shares of Domo during the 3rd quarter worth $97,000. Finally, SG Americas Securities LLC increased its stake in shares of Domo by 19.1% during the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company's stock valued at $99,000 after buying an additional 2,247 shares during the period. 76.64% of the stock is currently owned by institutional investors.

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.