$73.98 Million in Sales Expected for Domo, Inc. (NASDAQ:DOMO) This Quarter

Brokerages forecast that Domo, Inc. (NASDAQ:DOMO – Get Rating) will announce sales of $73.98 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Domo’s earnings. The highest sales estimate is $74.00 million and the lowest is $73.95 million. Domo posted sales of $60.06 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.2%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Domo will report full-year sales of $316.58 million for the current financial year, with estimates ranging from $316.00 million to $317.15 million. For the next year, analysts expect that the firm will report sales of $382.83 million, with estimates ranging from $381.60 million to $384.06 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Domo.

Domo (NASDAQ:DOMO – Get Rating) last issued its quarterly earnings data on Tuesday, March 1st. The company reported ($1.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.88) by ($0.13). The business had revenue of $70.00 million for the quarter, compared to the consensus estimate of $67.10 million. The business’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.65) earnings per share.

A number of equities analysts have issued reports on the stock. Cowen cut their target price on shares of Domo from $100.00 to $85.00 in a research report on Monday, February 28th. JMP Securities cut their price objective on shares of Domo from $106.00 to $88.00 and set a “market outperform” rating for the company in a research report on Wednesday, March 2nd. Morgan Stanley lowered their target price on shares of Domo from $98.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, March 2nd. Finally, Zacks Investment Research upgraded shares of Domo from a “sell” rating to a “hold” rating in a report on Friday, April 29th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Domo presently has an average rating of “Buy” and a consensus price target of $93.25.

Shares of NASDAQ DOMO opened at $42.03 on Wednesday. Domo has a 52 week low of $36.07 and a 52 week high of $98.35. The firm has a 50-day moving average price of $46.49 and a 200 day moving average price of $55.24. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -13.26 and a beta of 2.65.

In related news, CFO Bruce C. Jr. Felt sold 20,000 shares of the stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $48.52, for a total value of $970,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Catherine Wong sold 36,000 shares of the stock in a transaction dated Monday, April 4th. The shares were sold at an average price of $55.24, for a total transaction of $1,988,640.00. Following the completion of the transaction, the chief operating officer now owns 160,638 shares of the company’s stock, valued at approximately $8,873,643.12. The disclosure for this sale can be found here. Insiders have sold 106,053 shares of company stock worth $5,441,410 over the last three months. 14.35% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of DOMO. Thornburg Investment Management Inc. raised its position in Domo by 18.3% during the third quarter. Thornburg Investment Management Inc. now owns 161,634 shares of the company’s stock valued at $13,648,000 after acquiring an additional 25,038 shares in the last quarter. Millennium Management LLC grew its stake in shares of Domo by 31.5% in the third quarter. Millennium Management LLC now owns 139,311 shares of the company’s stock worth $11,763,000 after acquiring an additional 33,356 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Domo in the third quarter worth $358,000. Panagora Asset Management Inc. grew its stake in shares of Domo by 0.7% in the third quarter. Panagora Asset Management Inc. now owns 146,186 shares of the company’s stock worth $12,344,000 after acquiring an additional 1,007 shares during the last quarter. Finally, CastleArk Alternatives LLC bought a new position in Domo in the third quarter worth $12,179,000. 72.40% of the stock is owned by institutional investors and hedge funds.

About Domo (Get Rating)

Domo, Inc operates a cloud-based business intelligence platform in the United States, Japan, and internationally. Its platform digitally connects from the chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.

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