Domo, Inc. (NASDAQ:DOMO) Receives $17.00 Consensus PT from Analysts

Domo, Inc. (NASDAQ:DOMO) has earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $17.00.

Several research analysts have recently commented on the company. Stephens assumed coverage on Domo in a research report on Friday, July 18th. They set an “overweight” rating and a $19.00 price target for the company. Cowen upgraded Domo from a “hold” rating to a “buy” rating in a research report on Tuesday, August 26th. TD Cowen upgraded Domo from a “hold” rating to a “buy” rating and increased their price objective for the company from $13.00 to $21.00 in a research note on Tuesday, August 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Domo in a research note on Wednesday, October 8th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $20.00 price objective on shares of Domo in a research note on Wednesday, September 10th.

Insider Activity

In other news, Director Daniel David Daniel III sold 273,900 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $15.26, for a total value of $4,179,714.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 15.24% of the company’s stock.

Institutional Trading of Domo

Hedge funds have recently modified their holdings of the stock. AIGH Capital Management LLC acquired a new stake in Domo in the first quarter valued at $5,832,000. Marshall Wace LLP raised its stake in Domo by 2,255.4% in the second quarter. Marshall Wace LLP now owns 771,737 shares of the company’s stock valued at $10,781,000 after buying an additional 738,973 shares in the last quarter. Bank of America Corp DE raised its stake in Domo by 129.8% in the second quarter. Bank of America Corp DE now owns 536,972 shares of the company’s stock valued at $7,501,000 after buying an additional 303,279 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Domo by 138.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 325,861 shares of the company’s stock valued at $4,552,000 after buying an additional 189,359 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Domo in the first quarter valued at $1,248,000. 76.64% of the stock is currently owned by institutional investors and hedge funds.

Domo Stock Up 0.9%

DOMO opened at $13.04 on Friday. Domo has a 52 week low of $6.01 and a 52 week high of $18.49. The business has a fifty day simple moving average of $15.08 and a 200-day simple moving average of $12.98. The firm has a market cap of $537.64 million, a P/E ratio of -6.72 and a beta of 1.82.

Domo (NASDAQ:DOMO) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.07. The firm had revenue of $79.72 million for the quarter, compared to analysts’ expectations of $78.07 million. During the same quarter in the prior year, the business earned ($0.07) earnings per share. The company’s quarterly 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. Sell-side analysts expect that Domo will post -2.1 earnings per share for the current year.

About Domo

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.