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

Shares of Domo, Inc. (NASDAQ:DOMO) have been given an average rating of “Hold” by the seven analysts that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $10.67.

DOMO has been the subject of several recent research reports. Morgan Stanley lowered their price objective on shares of Domo from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Cantor Fitzgerald increased their price objective on shares of Domo from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, May 22nd. DA Davidson increased their price objective on shares of Domo from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, May 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price objective on shares of Domo in a research report on Thursday, May 22nd. Finally, Cowen reaffirmed a “hold” rating on shares of Domo in a research report on Thursday, May 22nd.

Insider Buying and Selling

In other news, Director Daniel David Daniel III purchased 120,000 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were bought at an average price of $6.44 per share, with a total value of $772,800.00. Following the completion of the transaction, the director now directly owns 781,400 shares in the company, valued at $5,032,216. This trade represents a 18.14% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joshua G. James purchased 77,300 shares of the company’s stock in a transaction dated Friday, April 4th. The stock was purchased at an average cost of $6.50 per share, for a total transaction of $502,450.00. Following the transaction, the chief executive officer now owns 116,600 shares of the company’s stock, valued at approximately $757,900. This trade represents a 196.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. 15.24% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Domo

A number of institutional investors have recently bought and sold shares of DOMO. Pilgrim Partners Asia Pte Ltd acquired a new stake in Domo during the fourth quarter worth $47,000. Riggs Capital Management LLC acquired a new stake in Domo during the fourth quarter worth $85,000. Intech Investment Management LLC acquired a new stake in Domo during the fourth quarter worth $103,000. Wells Fargo & Company MN boosted its stake in Domo by 29.2% during the fourth quarter. Wells Fargo & Company MN now owns 17,696 shares of the company’s stock worth $125,000 after buying an additional 4,000 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Domo during the fourth quarter worth $127,000. Institutional investors and hedge funds own 76.64% of the company’s stock.

Domo Stock Performance

DOMO opened at $13.04 on Monday. The firm has a 50 day moving average price of $9.63 and a 200 day moving average price of $8.52. The company has a market cap of $520.82 million, a PE ratio of -5.95 and a beta of 1.84. Domo has a 1 year low of $6.01 and a 1 year high of $14.83.

Domo (NASDAQ:DOMO) last posted its earnings results on Wednesday, May 21st. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.10. The business had revenue of $80.11 million for the quarter, compared to analyst estimates of $77.75 million. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the company posted ($0.33) EPS. On average, sell-side analysts predict 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.