Domo (NASDAQ:DOMO) Releases Earnings Results

Domo (NASDAQ:DOMOGet Free Report) announced its earnings results on Thursday. The company reported ($0.21) earnings per share (EPS) for the quarter, reports. The firm had revenue of $76.78 million for the quarter, compared to the consensus estimate of $78.06 million.

Domo Trading Up 2.4%

Shares of NASDAQ DOMO opened at $3.88 on Friday. The company has a market cap of $175.19 million, a price-to-earnings ratio of -2.92 and a beta of 1.76. Domo has a 12 month low of $1.84 and a 12 month high of $18.49. The stock has a 50-day moving average price of $3.66 and a two-hundred day moving average price of $3.57.

Wall Street Analyst Weigh In

DOMO has been the topic of several research reports. Citizens Jmp reaffirmed a “market underperform” rating and set a $2.25 price objective on shares of Domo in a report on Monday, August 17th. DA Davidson reissued a “neutral” rating and issued a $3.50 target price on shares of Domo in a research note on Tuesday, June 16th. UBS Group restated a “market underperform” rating on shares of Domo in a research report on Monday, August 17th. Weiss Ratings upgraded Domo from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 1st. Finally, Cantor Fitzgerald cut Domo from an “overweight” rating to a “hold” rating and set a $4.84 price target on the stock. in a report on Thursday, July 23rd. One analyst has rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $3.95.

Check Out Our Latest Research Report on Domo

Insider Activity

In related news, CEO Joshua G. James sold 96,088 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $2.38, for a total transaction of $228,689.44. Following the completion of the transaction, the chief executive officer directly owned 1,638,873 shares in the company, valued at $3,900,517.74. This represents a 5.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daren Thayne sold 52,365 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $2.38, for a total transaction of $124,628.70. Following the completion of the transaction, the executive vice president directly owned 498,051 shares of the company’s stock, valued at approximately $1,185,361.38. The trade was a 9.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 216,936 shares of company stock worth $516,308. Corporate insiders own 13.25% of the company’s stock.

Institutional Trading of Domo

Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC increased its holdings in shares of Domo by 17.5% during the first quarter. AQR Capital Management LLC now owns 40,231 shares of the company’s stock worth $312,000 after buying an additional 5,985 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Domo during the 1st quarter valued at $237,000. Goldman Sachs Group Inc. boosted its holdings in shares of Domo by 22.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 172,680 shares of the company’s stock valued at $1,340,000 after acquiring an additional 31,740 shares in the last quarter. Creative Planning boosted its holdings in shares of Domo by 23.2% during the 2nd quarter. Creative Planning now owns 15,362 shares of the company’s stock valued at $215,000 after acquiring an additional 2,889 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Domo by 9.6% during the 2nd quarter. Rhumbline Advisers now owns 54,308 shares of the company’s stock worth $759,000 after acquiring an additional 4,751 shares during the last quarter. Institutional investors own 76.64% of the company’s stock.

Domo Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Domo (NASDAQ:DOMO)

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