Wall Street Zen cut shares of Domo (NASDAQ:DOMO – Free Report) from a hold rating to a sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.
Several other equities research analysts have also commented on the company. Citigroup restated a “market underperform” rating on shares of Domo in a research report on Monday, August 17th. Lake Street Capital upgraded Domo from a “hold” rating to a “buy” rating and lowered their target price for the stock from $7.00 to $5.00 in a report on Thursday, July 23rd. TD Cowen lowered Domo from a “buy” rating to a “hold” rating and dropped their price target for the company from $6.00 to $3.25 in a research note on Tuesday, June 16th. Stephens cut Domo from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $5.00 to $4.00 in a report on Thursday, July 23rd. Finally, Weiss Ratings upgraded Domo from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $3.95.
Check Out Our Latest Stock Report on DOMO
Domo Stock Up 1.3%
Domo (NASDAQ:DOMO – Get Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The company reported ($0.21) EPS for the quarter. The business had revenue of $76.78 million for the quarter, compared to analyst estimates of $78.06 million. Research analysts expect that Domo will post -1.41 earnings per share for the current year.
Insider Transactions at Domo
In related news, CFO Tod Crane sold 68,483 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total transaction of $162,989.54. Following the transaction, the chief financial officer directly owned 276,809 shares of the company’s stock, valued at approximately $658,805.42. This represents a 19.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daren Thayne sold 52,365 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total value of $124,628.70. Following the transaction, the executive vice president directly owned 498,051 shares in the company, valued at approximately $1,185,361.38. This trade represents a 9.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 216,936 shares of company stock valued at $516,308 in the last 90 days. 13.25% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Domo
Hedge funds and other institutional investors have recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of Domo during the second quarter worth approximately $42,000. Rangeley Capital LLC bought a new stake in Domo during the 1st quarter valued at $80,000. Andina Capital Management LLC bought a new stake in Domo during the 4th quarter valued at $84,000. Oxford Asset Management LLP acquired a new position in Domo during the fourth quarter worth $88,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Domo during the fourth quarter worth $88,000. Institutional investors own 76.64% of the company’s stock.
About Domo
Domo, Inc (NASDAQ: DOMO) is a cloud-based software company that specializes in business intelligence and data analytics. The company’s flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise.
Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific.
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