Domo (NASDAQ:DOMO) Shares Gap Up After Analyst Upgrade

Domo, Inc. (NASDAQ:DOMO) shares gapped up before the market opened on Wednesday after Cowen upgraded the stock from a hold rating to a buy rating. The stock had previously closed at $16.11, but opened at $17.10. Domo shares last traded at $17.41, with a volume of 385,949 shares traded.

Several other equities research analysts have also recently commented on the stock. TD Cowen raised shares of Domo from a “hold” rating to a “buy” rating and raised their target price for the stock from $13.00 to $21.00 in a research report on Tuesday. Citigroup reaffirmed an “outperform” rating on shares of Domo in a research report on Wednesday, June 25th. DA Davidson lifted their price target on Domo from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, May 22nd. Wall Street Zen lowered Domo from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Stephens began coverage on Domo in a research report on Friday, July 18th. They set an “overweight” rating and a $19.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $14.71.

Insider Buying and Selling at Domo

In related news, CEO Joshua G. James purchased 13,025 shares of Domo stock in a transaction dated Friday, June 20th. The stock was purchased at an average cost of $12.74 per share, for a total transaction of $165,938.50. Following the completion of the acquisition, the chief executive officer directly owned 1,079,972 shares of the company’s stock, valued at $13,758,843.28. The trade was a 1.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 15.24% of the stock is owned by insiders.

Institutional Trading of Domo

Hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its holdings in shares of Domo by 53.7% in the second quarter. Nisa Investment Advisors LLC now owns 1,838 shares of the company’s stock valued at $26,000 after purchasing an additional 642 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Domo by 3.7% in the second quarter. Franklin Resources Inc. now owns 23,759 shares of the company’s stock valued at $332,000 after purchasing an additional 854 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Domo by 9.5% in the first quarter. MetLife Investment Management LLC now owns 19,446 shares of the company’s stock valued at $151,000 after purchasing an additional 1,681 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Domo by 26.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,181 shares of the company’s stock valued at $142,000 after purchasing an additional 2,109 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Domo by 5.0% in the first quarter. Rhumbline Advisers now owns 49,557 shares of the company’s stock valued at $385,000 after purchasing an additional 2,369 shares during the last quarter. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Domo Stock Up 9.1%

The stock has a market capitalization of $707.02 million, a price-to-earnings ratio of -9.30 and a beta of 1.87. The company’s fifty day simple moving average is $14.80 and its 200 day simple moving average is $11.06.

Domo (NASDAQ:DOMO) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.07. The company had revenue of $79.72 million during the quarter, compared to analyst estimates of $78.07 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. Domo’s revenue for the quarter 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. As a group, analysts anticipate that Domo, Inc. 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.