Rhumbline Advisers Has $385,000 Holdings in Domo, Inc. $DOMO

Rhumbline Advisers lifted its stake in Domo, Inc. (NASDAQ:DOMO) by 5.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,557 shares of the company’s stock after buying an additional 2,369 shares during the period. Rhumbline Advisers owned about 0.12% of Domo worth $385,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Squarepoint Ops LLC acquired a new position in shares of Domo in the 4th quarter worth approximately $127,000. MetLife Investment Management LLC raised its holdings in shares of Domo by 9.5% in the 1st quarter. MetLife Investment Management LLC now owns 19,446 shares of the company’s stock worth $151,000 after buying an additional 1,681 shares in the last quarter. Rockwood Wealth Management LLC raised its holdings in shares of Domo by 55.7% in the 1st quarter. Rockwood Wealth Management LLC now owns 20,984 shares of the company’s stock worth $163,000 after buying an additional 7,508 shares in the last quarter. Diversify Wealth Management LLC grew its position in Domo by 13.2% during the 1st quarter. Diversify Wealth Management LLC now owns 23,197 shares of the company’s stock worth $176,000 after acquiring an additional 2,705 shares during the last quarter. Finally, Invesco Ltd. grew its position in Domo by 116.7% during the 1st quarter. Invesco Ltd. now owns 23,624 shares of the company’s stock worth $183,000 after acquiring an additional 12,722 shares during the last quarter. 76.64% of the stock is owned by institutional investors and hedge funds.

Domo Trading Down 4.4%

DOMO stock opened at $16.38 on Thursday. The business’s 50-day moving average price is $15.68 and its two-hundred day moving average price is $12.14. The firm has a market cap of $675.36 million, a PE ratio of -8.44 and a beta of 1.80. Domo, Inc. has a 1-year low of $6.01 and a 1-year high of $18.49.

Domo (NASDAQ:DOMO) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.07. The firm had revenue of $79.72 million during the quarter, compared to analyst estimates of $78.07 million. During the same period in the prior year, the business earned ($0.07) EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Domo has set its FY 2026 guidance at -0.190–0.110 EPS. Q3 2026 guidance at -0.070–0.030 EPS. On average, analysts forecast that Domo, Inc. will post -2.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DOMO. Cantor Fitzgerald increased their price target on Domo from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. DA Davidson increased their price target on Domo from $9.00 to $15.00 and gave the stock a “hold” rating in a research report on Thursday, August 28th. Stephens started 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. Cowen upgraded Domo from a “hold” rating to a “buy” rating in a research report on Tuesday, August 26th. Finally, Citigroup reiterated an “outperform” rating on shares of Domo in a research report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Domo Profile

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.