Shares of Domo Inc (NASDAQ:DOMO) have been assigned a consensus rating of “Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $25.71.
Several equities analysts have commented on DOMO shares. UBS Group dropped their target price on Domo from $28.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, September 9th. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 target price (down from $50.00) on shares of Domo in a research report on Friday, September 6th. Zacks Investment Research upgraded Domo from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Wednesday, September 11th. JMP Securities dropped their target price on Domo from $47.00 to $37.00 and set a “market outperform” rating for the company in a research report on Friday, September 6th. Finally, Cowen dropped their target price on Domo from $52.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, September 6th.
In other news, CEO Joshua G. James bought 60,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was purchased at an average cost of $17.00 per share, for a total transaction of $1,020,000.00. 21.97% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Edge Wealth Management LLC bought a new position in shares of Domo during the second quarter worth about $33,000. Tower Research Capital LLC TRC bought a new position in shares of Domo during the second quarter worth about $35,000. Point72 Hong Kong Ltd raised its position in shares of Domo by 100.3% during the second quarter. Point72 Hong Kong Ltd now owns 2,879 shares of the company’s stock worth $79,000 after acquiring an additional 1,442 shares during the last quarter. Bank of Montreal Can raised its position in shares of Domo by 412.9% during the second quarter. Bank of Montreal Can now owns 1,831 shares of the company’s stock worth $51,000 after acquiring an additional 1,474 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Domo by 6.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 38,667 shares of the company’s stock worth $1,057,000 after acquiring an additional 2,290 shares during the last quarter. Institutional investors own 63.86% of the company’s stock.
Domo stock traded up $0.36 during trading hours on Thursday, hitting $15.71. The stock had a trading volume of 15,781 shares, compared to its average volume of 918,514. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 4.56. The stock has a market cap of $432.03 million, a price-to-earnings ratio of -1.66 and a beta of 0.75. Domo has a one year low of $13.28 and a one year high of $47.08. The business’s 50 day simple moving average is $19.16 and its 200-day simple moving average is $29.36.
Domo (NASDAQ:DOMO) last posted its earnings results on Thursday, September 5th. The company reported ($0.96) EPS for the quarter, beating the consensus estimate of ($1.23) by $0.27. The firm had revenue of $41.70 million during the quarter, compared to the consensus estimate of $41.68 million. Domo had a negative return on equity of 403.37% and a negative net margin of 81.35%. The business’s quarterly revenue was up 21.6% on a year-over-year basis. During the same period last year, the company earned ($3.44) earnings per share. Research analysts anticipate that Domo will post -4.7 EPS for the current fiscal year.
Domo, Inc operates a cloud-based platform in the United States. Its platform digitally connects chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.
Further Reading: Backdoor Roth IRA Conversion and Strategy
Receive News & Ratings for Domo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domo and related companies with MarketBeat.com's FREE daily email newsletter.