Wall Street Zen Downgrades Domo (NASDAQ:DOMO) to Hold

Domo (NASDAQ:DOMO) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other equities analysts also recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Domo in a report on Friday. JMP Securities reissued a “market outperform” rating and set a $20.00 price target on shares of Domo in a report on Wednesday, September 10th. DA Davidson lifted their price target on shares of Domo from $9.00 to $15.00 and gave the company a “hold” rating in a report on Thursday, August 28th. Lake Street Capital set a $16.00 price target on shares of Domo and gave the company a “hold” rating in a report on Thursday, August 28th. Finally, Cantor Fitzgerald lifted their price target on shares of Domo from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.00.

Domo Stock Performance

Shares of Domo stock opened at $13.67 on Friday. The firm’s 50-day simple moving average is $15.03 and its 200-day simple moving average is $13.14. Domo has a twelve month low of $6.01 and a twelve month high of $18.49. The firm has a market cap of $563.61 million, a P/E ratio of -7.05 and a beta of 1.82.

Domo (NASDAQ:DOMO) last issued its earnings results on Wednesday, August 27th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.07. The business had revenue of $79.72 million for the quarter, compared to analyst estimates of $78.07 million. During the same quarter last year, the firm posted ($0.07) earnings per share. Domo’s revenue was up 1.7% on a year-over-year basis. Domo has set its FY 2026 guidance at -0.190–0.110 EPS. Q3 2026 guidance at -0.070–0.030 EPS. On average, equities analysts forecast that Domo will post -2.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Domo

In other Domo news, Director Daniel David Daniel III sold 273,900 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $15.26, for a total value of $4,179,714.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 15.24% of the company’s stock.

Hedge Funds Weigh In On Domo

A number of institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue bought a new position in shares of Domo in the third quarter worth about $25,000. SG Americas Securities LLC bought a new position in shares of Domo in the third quarter worth about $628,000. Stark Wealth Management LLC bought a new position in shares of Domo in the second quarter worth about $157,000. Cim Investment Management Inc. raised its stake in shares of Domo by 100.7% in the second quarter. Cim Investment Management Inc. now owns 33,938 shares of the company’s stock worth $474,000 after acquiring an additional 17,032 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of Domo in the second quarter worth about $474,000. 76.64% of the stock is 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.