Domo, Inc. (NASDAQ:DOMO) Given Average Rating of “Moderate Buy” by Brokerages

Domo, Inc. (NASDAQ:DOMO) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $17.00.

A number of equities research analysts have commented on the company. JMP Securities restated a “market outperform” rating and issued a $20.00 target price on shares of Domo in a research report on Wednesday, September 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Domo in a research report on Wednesday, October 8th. Lake Street Capital set a $16.00 target price on shares of Domo and gave the stock a “hold” rating in a research note on Thursday, August 28th. Wall Street Zen downgraded shares of Domo from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, DA Davidson upped their price objective on shares of Domo from $9.00 to $15.00 and gave the stock a “hold” rating in a report on Thursday, August 28th.

Insider Buying and Selling

In other news, Director Daniel David Daniel III sold 273,900 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $15.26, for a total transaction of $4,179,714.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 15.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Domo

Hedge funds have recently bought and sold shares of the company. Rockwood Wealth Management LLC lifted its holdings in Domo by 122.6% during the 2nd quarter. Rockwood Wealth Management LLC now owns 46,719 shares of the company’s stock worth $653,000 after buying an additional 25,735 shares in the last quarter. Rhumbline Advisers increased its position in shares of Domo by 5.0% during the first quarter. Rhumbline Advisers now owns 49,557 shares of the company’s stock worth $385,000 after acquiring an additional 2,369 shares during the period. AIGH Capital Management LLC raised its stake in shares of Domo by 78.5% in the second quarter. AIGH Capital Management LLC now owns 1,341,518 shares of the company’s stock valued at $18,741,000 after acquiring an additional 589,935 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Domo by 22.5% in the first quarter. Goldman Sachs Group Inc. now owns 172,680 shares of the company’s stock valued at $1,340,000 after purchasing an additional 31,740 shares during the period. Finally, AlphaQuest LLC grew its stake in Domo by 707.3% during the 2nd quarter. AlphaQuest LLC now owns 6,604 shares of the company’s stock worth $92,000 after purchasing an additional 5,786 shares in the last quarter. Institutional investors and hedge funds own 76.64% of the company’s stock.

Domo Trading Up 1.2%

Domo stock opened at $13.38 on Thursday. The company has a 50-day moving average price of $14.69 and a 200 day moving average price of $13.68. Domo has a 12-month low of $6.01 and a 12-month high of $18.49. The stock has a market cap of $551.67 million, a P/E ratio of -6.90 and a beta of 1.77.

Domo (NASDAQ:DOMO) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.02 earnings per share 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 analysts’ expectations of $78.07 million. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the company earned ($0.07) EPS. 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 forecast that Domo will post -2.1 EPS for the current year.

Domo Company 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.