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

Shares of Domo, Inc. (NASDAQ:DOMO) have been given an average rating of “Moderate Buy” by the nine research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $15.4286.

A number of brokerages recently weighed in on DOMO. Cantor Fitzgerald reissued an “overweight” rating and issued a $22.00 price objective on shares of Domo in a research note on Wednesday, December 24th. Lake Street Capital dropped their price target on shares of Domo from $16.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. Wall Street Zen cut shares of Domo from a “buy” rating to a “hold” rating in a research note on Sunday, December 21st. DA Davidson set a $10.00 target price on shares of Domo in a research note on Friday, December 5th. Finally, TD Cowen cut their target price on shares of Domo from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, December 5th.

Domo Price Performance

NASDAQ DOMO opened at $6.09 on Tuesday. The firm has a market capitalization of $254.56 million, a price-to-earnings ratio of -3.56 and a beta of 1.64. The company has a 50 day simple moving average of $8.85 and a 200-day simple moving average of $12.70. Domo has a 52-week low of $5.57 and a 52-week high of $18.49.

Domo (NASDAQ:DOMO) last posted its quarterly earnings results on Thursday, December 4th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.06. The company had revenue of $79.40 million during the quarter, compared to analyst estimates of $79.03 million. The firm’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. On average, analysts predict that Domo will post -2.1 EPS for the current year.

Institutional Investors Weigh In On Domo

Several hedge funds have recently modified their holdings of the business. AQR Capital Management LLC raised its position in shares of Domo by 17.5% during the first quarter. AQR Capital Management LLC now owns 40,231 shares of the company’s stock valued at $312,000 after buying an additional 5,985 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Domo during the first quarter valued at about $237,000. Goldman Sachs Group Inc. raised its holdings in Domo by 22.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 172,680 shares of the company’s stock valued at $1,340,000 after acquiring an additional 31,740 shares in the last quarter. AIGH Capital Management LLC lifted its position in shares of Domo by 78.5% in the 2nd quarter. AIGH Capital Management LLC now owns 1,341,518 shares of the company’s stock worth $18,741,000 after acquiring an additional 589,935 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Domo during the 2nd quarter worth approximately $49,000. 76.64% of the stock is owned by institutional investors.

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.