Domo, Inc. (NASDAQ:DOMO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Domo, Inc. (NASDAQ:DOMO) have earned an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $12.0714.

A number of research analysts recently issued reports on the stock. TD Cowen decreased their target price on shares of Domo from $16.00 to $9.00 and set a “buy” rating for the company in a research report on Friday. Cantor Fitzgerald restated an “overweight” rating and issued a $22.00 target price on shares of Domo in a research note on Wednesday, December 24th. Lake Street Capital dropped their target price on Domo from $16.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, December 5th. Citigroup cut Domo from an “outperform” rating to an “underperform” rating in a research report on Friday, February 13th. Finally, DA Davidson set a $10.00 price objective on Domo in a research report on Friday, December 5th.

Domo Stock Performance

Domo stock opened at $3.90 on Friday. The business’s 50-day simple moving average is $6.74 and its two-hundred day simple moving average is $11.36. The company has a market cap of $163.02 million, a PE ratio of -2.28 and a beta of 1.64. Domo has a fifty-two week low of $3.63 and a fifty-two week high of $18.49.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Thursday, December 4th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.06. The firm had revenue of $79.40 million during the quarter, compared to analysts’ expectations of $79.03 million. The business’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. As a group, analysts predict that Domo will post -2.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DOMO. RPD Fund Management LLC grew its position in shares of Domo by 11,294.3% during the 4th quarter. RPD Fund Management LLC now owns 3,623,400 shares of the company’s stock valued at $30,545,000 after acquiring an additional 3,591,600 shares during the period. Capital Research Global Investors purchased a new position in Domo during the third quarter worth approximately $43,560,000. Portolan Capital Management LLC boosted its position in 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 purchasing an additional 1,576,884 shares in the last quarter. Captrust Financial Advisors acquired a new stake in Domo in the fourth quarter valued at approximately $8,108,000. Finally, Marshall Wace LLP increased its position in shares of Domo by 2,255.4% in the second quarter. Marshall Wace LLP now owns 771,737 shares of the company’s stock valued at $10,781,000 after buying an additional 738,973 shares in the last quarter. Institutional investors and hedge funds 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.