Domo, Inc. (NASDAQ:DOMO) Receives Average Rating of “Hold” from Brokerages

by · The Cerbat Gem

Domo, Inc. (NASDAQ:DOMO – Get Free Report) has received a consensus rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $6.9167.

DOMO has been the topic of several research analyst reports. Lake Street Capital lowered their target price on shares of Domo from $13.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Citigroup cut shares of Domo from an “outperform” rating to an “underperform” rating in a research note on Friday, February 13th. Wall Street Zen cut shares of Domo from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Stephens lowered their target price on shares of Domo from $18.00 to $8.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Finally, Cantor Fitzgerald lowered their target price on shares of Domo from $13.00 to $8.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 11th.

Check Out Our Latest Stock Analysis on DOMO

Domo Trading Down 11.9%

Domo stock opened at $3.41 on Monday. The stock has a market cap of $153.96 million, a price-to-earnings ratio of -2.35 and a beta of 1.78. The company’s 50-day moving average price is $3.49 and its two-hundred day moving average price is $5.70. Domo has a 52 week low of $2.39 and a 52 week high of $18.49.

Domo (NASDAQ:DOMO – Get Free Report) last released its earnings results on Tuesday, March 10th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.16). The business had revenue of $79.63 million for the quarter, compared to analysts’ expectations of $78.65 million. The business’s revenue was up 1% on a year-over-year basis. Research analysts expect that Domo will post -1.43 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Rpd Fund Management Llc sold 1,100,900 shares of Domo stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $2.56, for a total value of $2,818,304.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders have sold 1,350,626 shares of company stock valued at $3,785,484. Insiders own 15.24% of the company’s stock.

Hedge Funds Weigh In On Domo

Hedge funds have recently made changes to their positions in the business. Global Wealth Strategies & Associates acquired a new position in shares of Domo in the 4th quarter worth approximately $28,000. Headlands Technologies LLC acquired a new position in shares of Domo in the 2nd quarter worth approximately $42,000. Rangeley Capital LLC acquired a new position in shares of Domo in the 1st quarter worth approximately $80,000. Andina Capital Management LLC acquired a new position in shares of Domo in the 4th quarter worth approximately $84,000. Finally, Oxford Asset Management LLP acquired a new position in shares of Domo in the 4th quarter worth approximately $88,000. Institutional investors and hedge funds own 76.64% of the company’s stock.

About Domo

(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.

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