Domo (NASDAQ:DOMO) Upgraded to Buy at Wall Street Zen

Domo (NASDAQ:DOMO) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages also recently weighed in on DOMO. DA Davidson set a $10.00 price target on Domo in a report on Friday, December 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Domo in a research report on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of Domo in a research note on Tuesday, December 2nd. Cantor Fitzgerald lifted their target price on Domo from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Finally, TD Cowen cut their price target on Domo from $21.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $15.14.

Domo Stock Performance

Domo stock opened at $9.04 on Friday. The firm has a market cap of $372.72 million, a price-to-earnings ratio of -5.29 and a beta of 1.76. Domo has a 52-week low of $6.01 and a 52-week high of $18.49. The firm has a 50 day moving average price of $12.26 and a two-hundred day moving average price of $13.97.

Domo (NASDAQ:DOMO) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.06. The firm had revenue of $79.40 million during the quarter, compared to the consensus estimate of $79.03 million. The firm’s quarterly revenue was down .5% on a year-over-year basis. Domo has set its FY 2026 guidance at -0.110–0.070 EPS and its Q4 2026 guidance at -0.050–0.010 EPS. As a group, equities research analysts predict that Domo will post -2.1 EPS for the current fiscal year.

Insider Activity at Domo

In other news, Director Daniel David Daniel III sold 273,900 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 15.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Domo

Several hedge funds have recently bought and sold shares of the business. Rockwood Wealth Management LLC lifted its position in Domo by 122.6% in the 2nd quarter. Rockwood Wealth Management LLC now owns 46,719 shares of the company’s stock valued at $653,000 after acquiring an additional 25,735 shares in the last quarter. Rhumbline Advisers increased its holdings in Domo by 5.0% during the 1st quarter. Rhumbline Advisers now owns 49,557 shares of the company’s stock worth $385,000 after purchasing an additional 2,369 shares in the last quarter. 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 worth $18,741,000 after purchasing an additional 589,935 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of Domo by 363.1% in the second quarter. XTX Topco Ltd now owns 101,604 shares of the company’s stock valued at $1,419,000 after purchasing an additional 79,663 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Domo by 22.5% during the first quarter. Goldman Sachs Group Inc. now owns 172,680 shares of the company’s stock valued at $1,340,000 after buying an additional 31,740 shares during the last quarter. Institutional investors and hedge funds own 76.64% of the company’s stock.

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.