Domo (NASDAQ:DOMO) Lowered to Hold Rating by Wall Street Zen

Domo (NASDAQ:DOMO) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

Other analysts have also issued research reports about the stock. JMP Securities reaffirmed a “market outperform” rating and set a $20.00 target price on shares of Domo in a research note on Wednesday, September 10th. TD Cowen dropped their price target on Domo from $21.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, December 5th. Cantor Fitzgerald boosted their price objective on Domo from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Cowen reaffirmed a “buy” rating on shares of Domo in a report on Tuesday, December 2nd. Finally, Lake Street Capital dropped their target price on Domo from $16.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $15.14.

Domo Stock Performance

Shares of NASDAQ DOMO opened at $8.63 on Friday. The firm has a 50 day moving average price of $11.68 and a 200 day moving average price of $13.83. The stock has a market cap of $355.81 million, a P/E ratio of -5.05 and a beta of 1.76. Domo has a 52-week low of $6.01 and a 52-week high of $18.49.

Domo (NASDAQ:DOMO) last issued its earnings results on Thursday, December 4th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.06. The business had revenue of $79.40 million for the quarter, compared to analyst estimates of $79.03 million. Domo’s revenue for the quarter was down .5% compared to the same quarter last year. Domo has set its FY 2026 guidance at -0.110–0.070 EPS and its Q4 2026 guidance at -0.050–0.010 EPS. Analysts predict that Domo will post -2.1 earnings per share for the current fiscal year.

Insider Activity at Domo

In other news, Director Daniel David Daniel III sold 273,900 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $15.26, for a total value of $4,179,714.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 15.24% of the company’s stock.

Institutional Trading of Domo

Institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors bought a new position in Domo during the 3rd quarter worth approximately $43,560,000. Portolan Capital Management LLC increased its position in shares of Domo by 142.3% during the third quarter. Portolan Capital Management LLC now owns 2,684,753 shares of the company’s stock worth $42,526,000 after buying an additional 1,576,884 shares during the period. Acadian Asset Management LLC raised its stake in Domo by 3.0% during the first quarter. Acadian Asset Management LLC now owns 1,415,884 shares of the company’s stock worth $10,987,000 after buying an additional 41,194 shares during the last quarter. AIGH Capital Management LLC lifted its holdings in 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 buying an additional 589,935 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Domo by 2.3% in the second quarter. Geode Capital Management LLC now owns 822,020 shares of the company’s stock valued at $11,486,000 after buying an additional 18,348 shares during the period. 76.64% of the stock is currently owned by institutional investors.

Domo Company Profile

Domo, Inc (NASDAQ: DOMO) is a cloud-based software company that specializes in business intelligence and data analytics. The company’s flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise.

Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific.