Domo’s (DOMO) “Underperform” Rating Reiterated at Citizens Jmp

Citizens Jmp reaffirmed their underperform rating on shares of Domo (NASDAQ:DOMO) in a research note released on Friday morning, MarketBeat.com reports. Citizens Jmp currently has a $3.50 price objective on the stock.

Other analysts have also recently issued research reports about the stock. Lake Street Capital dropped their target price on shares of Domo from $16.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, December 5th. Citigroup cut shares of Domo from an “outperform” rating to an “underperform” rating in a report on Friday. Wall Street Zen cut Domo from a “buy” rating to a “hold” rating in a research report on Sunday, December 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $22.00 price objective on shares of Domo in a research note on Wednesday, December 24th. Finally, TD Cowen cut their price objective on shares of Domo from $21.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $13.94.

Domo Trading Down 12.0%

Shares of NASDAQ:DOMO opened at $4.10 on Friday. The company has a 50-day moving average price of $7.23 and a 200-day moving average price of $11.73. The company has a market cap of $171.38 million, a price-to-earnings ratio of -2.40 and a beta of 1.65. Domo has a 12 month low of $4.07 and a 12 month high of $18.49.

Domo (NASDAQ:DOMO) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.06. The business had revenue of $79.40 million for the quarter, compared to analysts’ expectations of $79.03 million. The business’s 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, research analysts forecast that Domo will post -2.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AIGH Capital Management LLC increased its position in shares of Domo by 78.5% during the 2nd quarter. AIGH Capital Management LLC now owns 1,341,518 shares of the company’s stock valued at $18,741,000 after purchasing an additional 589,935 shares during the last quarter. XTX Topco Ltd increased its holdings in Domo by 363.1% during the second quarter. XTX Topco Ltd now owns 101,604 shares of the company’s stock valued at $1,419,000 after buying an additional 79,663 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Domo by 197.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,167 shares of the company’s stock worth $449,000 after acquiring an additional 21,361 shares during the period. AlphaQuest LLC boosted its stake in shares of Domo by 707.3% during the 2nd quarter. AlphaQuest LLC now owns 6,604 shares of the company’s stock worth $92,000 after acquiring an additional 5,786 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Domo during the 2nd quarter worth $197,000. Institutional investors own 76.64% of the company’s stock.

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.