Domo, Inc. (DOMO) – What Are Researchers Thinking About This Stock?

Domo, Inc. (NASDAQ:DOMO – Get Free Report) has received an average rating of “Reduce” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $3.95.

DOMO has been the topic of several recent analyst reports. UBS Group reiterated a “market underperform” rating on shares of Domo in a research report on Monday, August 17th. Lake Street Capital upgraded shares of Domo from a “hold” rating to a “buy” rating and dropped their target price for the stock from $7.00 to $5.00 in a research report on Thursday, July 23rd. Wall Street Zen lowered shares of Domo from a “hold” rating to a “sell” rating in a research report on Saturday, September 12th. Stephens cut shares of Domo from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $5.00 to $4.00 in a research note on Thursday, July 23rd. Finally, DA Davidson reaffirmed a “neutral” rating and set a $3.50 target price on shares of Domo in a research note on Tuesday, June 16th.

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Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. RPD Fund Management LLC lifted its position in shares of Domo by 27.3% in the first quarter. RPD Fund Management LLC now owns 4,613,726 shares of the company’s stock worth $14,118,000 after buying an additional 990,326 shares in the last quarter. Capital Research Global Investors boosted its stake in Domo by 8.2% during the fourth quarter. Capital Research Global Investors now owns 2,975,558 shares of the company’s stock valued at $25,084,000 after buying an additional 225,558 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Domo by 14.4% during the 1st quarter. Bank of New York Mellon Corp now owns 99,850 shares of the company’s stock valued at $306,000 after buying an additional 12,601 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Domo by 362.4% during the 1st quarter. Quantinno Capital Management LP now owns 61,535 shares of the company’s stock valued at $188,000 after buying an additional 48,226 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Domo by 41.1% during the 1st quarter. Bank of America Corp DE now owns 55,048 shares of the company’s stock valued at $168,000 after buying an additional 16,029 shares in the last quarter. Institutional investors own 76.64% of the company’s stock.

Domo Price Performance

The firm’s 50-day moving average is $3.74 and its two-hundred day moving average is $3.49. Domo has a 52 week low of $1.84 and a 52 week high of $17.34. The firm has a market cap of $156.90 million, a price-to-earnings ratio of -2.61 and a beta of 1.76.

Domo (NASDAQ:DOMO – Get Free Report) last released its earnings results on Thursday, September 3rd. The company reported ($0.21) earnings per share (EPS) for the quarter. The company had revenue of $76.78 million during the quarter, compared to analysts’ expectations of $78.06 million. Sell-side analysts expect that Domo will post -1.41 earnings per share for the current year.

About Domo

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Domo, Inc develops a cloud-based business intelligence and data analytics platform that helps organizations connect, prepare, analyze and visualize information from across their operations. Its platform is designed to give business users access to data through dashboards, reports and interactive applications, supporting decision-making across areas such as finance, sales, marketing, operations and supply chain management.

The company’s offerings include data integration and transformation tools, centralized data management, governance capabilities, reporting and visualization features, and embedded analytics.

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