Domo Inc (NASDAQ:DOMO) has been assigned a consensus rating of “Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $28.00.
DOMO has been the topic of several research reports. Zacks Investment Research upgraded shares of Domo from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Wednesday, January 1st. Morgan Stanley boosted their price target on shares of Domo from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Needham & Company LLC boosted their price target on shares of Domo from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. ValuEngine cut shares of Domo from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Finally, Cowen restated an “outperform” rating and issued a $35.00 price target (up previously from $28.00) on shares of Domo in a research report on Friday, December 6th.
Several hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC purchased a new position in shares of Domo during the 3rd quarter worth about $1,888,000. Voloridge Investment Management LLC boosted its stake in shares of Domo by 13.2% during the 3rd quarter. Voloridge Investment Management LLC now owns 53,608 shares of the company’s stock worth $857,000 after purchasing an additional 6,243 shares during the period. Sylebra Capital Ltd boosted its stake in shares of Domo by 5.6% during the 3rd quarter. Sylebra Capital Ltd now owns 2,707,292 shares of the company’s stock worth $43,263,000 after purchasing an additional 144,603 shares during the period. Barclays PLC boosted its stake in shares of Domo by 126.0% during the 3rd quarter. Barclays PLC now owns 42,035 shares of the company’s stock worth $671,000 after purchasing an additional 23,436 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of Domo by 2.5% during the 3rd quarter. California State Teachers Retirement System now owns 27,276 shares of the company’s stock worth $436,000 after purchasing an additional 677 shares during the period. 63.65% of the stock is owned by hedge funds and other institutional investors.
DOMO traded up $0.04 during trading hours on Friday, hitting $24.95. The company’s stock had a trading volume of 5,872 shares, compared to its average volume of 524,421. The business’s 50-day moving average price is $22.32 and its 200-day moving average price is $21.62. Domo has a 12 month low of $14.80 and a 12 month high of $47.08. The stock has a market cap of $676.84 million, a price-to-earnings ratio of -2.65 and a beta of 0.93. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 4.56.
Domo (NASDAQ:DOMO) last announced its quarterly earnings results on Thursday, December 5th. The company reported ($0.85) earnings per share for the quarter, topping the consensus estimate of ($1.01) by $0.16. Domo had a negative net margin of 75.42% and a negative return on equity of 1,396.92%. The company had revenue of $44.80 million for the quarter, compared to analysts’ expectations of $41.81 million. During the same quarter in the previous year, the business posted ($1.06) earnings per share. Domo’s quarterly revenue was up 21.7% on a year-over-year basis. On average, analysts forecast that Domo will post -4.67 earnings per share for the current 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.
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