Domo, Inc. (NASDAQ:DOMO) Short Interest Update

Domo, Inc. (NASDAQ:DOMO - Get Free Report) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 2,290,000 shares, a growth of 6.0% from the August 31st total of 2,160,000 shares. Based on an average trading volume of 356,400 shares, the short-interest ratio is presently 6.4 days. Approximately 7.3% of the company's stock are short sold.

Insiders Place Their Bets

In other Domo news, CFO David R. Jolley acquired 10,000 shares of Domo stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $6.99 per share, with a total value of $69,900.00. Following the purchase, the chief financial officer now owns 291,465 shares in the company, valued at $2,037,340.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 14.04% of the company's stock.

Hedge Funds Weigh In On Domo

Large investors have recently added to or reduced their stakes in the company. 272 Capital LP increased its position in shares of Domo by 52.1% during the second quarter. 272 Capital LP now owns 416,464 shares of the company's stock valued at $3,215,000 after purchasing an additional 142,609 shares during the period. Sei Investments Co. raised its stake in shares of Domo by 7.5% in the 2nd quarter. Sei Investments Co. now owns 103,809 shares of the company's stock valued at $801,000 after buying an additional 7,222 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Domo by 45.4% during the 2nd quarter. Hsbc Holdings PLC now owns 37,385 shares of the company's stock worth $289,000 after acquiring an additional 11,674 shares during the period. Acadian Asset Management LLC boosted its position in shares of Domo by 32.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,301,495 shares of the company's stock valued at $10,042,000 after acquiring an additional 317,388 shares in the last quarter. Finally, Ceera Investments LLC boosted its position in shares of Domo by 27.5% during the 2nd quarter. Ceera Investments LLC now owns 212,910 shares of the company's stock valued at $1,644,000 after acquiring an additional 45,899 shares in the last quarter. Institutional investors and hedge funds own 76.64% of the company's stock.

Wall Street Analysts Forecast Growth

DOMO has been the subject of several recent analyst reports. TD Cowen upped their price target on Domo from $8.00 to $9.00 and gave the stock a "hold" rating in a research note on Friday, August 30th. 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. Finally, JMP Securities reiterated a "market outperform" rating and issued a $16.00 target price on shares of Domo in a research note on Friday, August 30th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Domo has a consensus rating of "Hold" and an average price target of $9.60.

Domo Stock Down 5.0 %

NASDAQ DOMO traded down $0.38 during trading on Tuesday, hitting $7.14. The company's stock had a trading volume of 281,385 shares, compared to its average volume of 395,735. Domo has a 52 week low of $6.11 and a 52 week high of $12.23. The firm has a market cap of $272.38 million, a P/E ratio of -3.40 and a beta of 2.44. The firm has a 50 day moving average price of $7.62 and a 200 day moving average price of $7.68.

Domo (NASDAQ:DOMO - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.21. The company had revenue of $78.41 million for the quarter, compared to analyst estimates of $76.60 million. Domo's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.44) earnings per share. On average, equities analysts expect that Domo will post -2.31 earnings per share for the current year.

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.