Domo, Inc. (NASDAQ:DOMO) Sees Large Increase in Short Interest

Domo, Inc. (NASDAQ:DOMO) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 3,236,852 shares, a growth of 27.7% from the November 30th total of 2,533,853 shares. Based on an average trading volume of 1,303,233 shares, the short-interest ratio is currently 2.5 days. Currently, 9.1% of the shares of the company are sold short. Currently, 9.1% of the shares of the company are sold short. Based on an average trading volume of 1,303,233 shares, the short-interest ratio is currently 2.5 days.

Analysts Set New Price Targets

Several equities research analysts have commented on DOMO shares. Weiss Ratings restated a “sell (d-)” rating on shares of Domo in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Domo from a “buy” rating to a “hold” rating in a report on Sunday, December 21st. DA Davidson set a $10.00 target price on Domo in a report on Friday, December 5th. JMP Securities restated a “market outperform” rating and set a $20.00 price target on shares of Domo in a report on Wednesday, September 10th. Finally, Lake Street Capital reduced their price objective on Domo from $16.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $15.43.

Domo Price Performance

DOMO stock opened at $8.55 on Wednesday. The company has a 50-day moving average of $11.12 and a two-hundred day moving average of $13.59. Domo has a 52-week low of $6.01 and a 52-week high of $18.49. The stock has a market capitalization of $357.37 million, a price-to-earnings ratio of -5.00 and a beta of 1.76.

Domo (NASDAQ:DOMO) last issued its quarterly earnings results on Thursday, December 4th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates 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. The company’s revenue 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. Equities analysts expect that Domo will post -2.1 EPS for the current fiscal year.

Insider Buying and Selling at Domo

In related news, Director Daniel David Daniel III sold 273,900 shares of the firm’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 value of $4,179,714.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 15.24% of the company’s stock.

Institutional Investors Weigh In On Domo

A number of institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its holdings in shares of Domo by 53.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,838 shares of the company’s stock worth $26,000 after purchasing an additional 642 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Domo by 3.7% during the 2nd quarter. Franklin Resources Inc. now owns 23,759 shares of the company’s stock worth $332,000 after buying an additional 854 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Domo in the third quarter valued at about $25,000. MetLife Investment Management LLC grew its position in shares of Domo by 9.5% during 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 during the period. Finally, Brevan Howard Capital Management LP grew its holdings in Domo by 3.9% during the 3rd quarter. Brevan Howard Capital Management LP now owns 50,740 shares of the company’s stock worth $804,000 after acquiring an additional 1,924 shares during the period. 76.64% of the stock is owned by institutional investors and hedge funds.

About Domo

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.