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

Shares of Domo, Inc. (NASDAQ:DOMO) have received a consensus rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $8.6429.

A number of brokerages have recently commented on DOMO. Citigroup lowered Domo from an “outperform” rating to an “underperform” rating in a report on Friday, February 13th. Cantor Fitzgerald decreased their price objective on Domo from $13.00 to $8.00 and set an “overweight” rating for the company in a report on Wednesday, March 11th. DA Davidson dropped their target price on Domo from $10.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 11th. Wall Street Zen cut Domo from a “buy” rating to a “hold” rating in a research note on Sunday, December 21st. Finally, Lake Street Capital reduced their price target on Domo from $13.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th.

Domo Stock Down 9.4%

Shares of DOMO stock opened at $3.93 on Wednesday. Domo has a 12-month low of $3.45 and a 12-month high of $18.49. The firm has a fifty day moving average of $5.21 and a 200-day moving average of $10.02. The company has a market capitalization of $164.27 million, a price-to-earnings ratio of -2.71 and a beta of 1.70.

Domo (NASDAQ:DOMO) last posted its quarterly earnings data on Tuesday, March 10th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.16). The company had revenue of $79.63 million for the quarter, compared to analyst estimates of $78.65 million. The company’s revenue was up 1% compared to the same quarter last year. On average, equities analysts expect that Domo will post -2.1 EPS for the current year.

Institutional Trading of Domo

A number of institutional investors have recently made changes to their positions in DOMO. Invesco Ltd. boosted its holdings in Domo by 25.8% during the fourth quarter. Invesco Ltd. now owns 77,028 shares of the company’s stock worth $649,000 after purchasing an additional 15,809 shares during the last quarter. Mackenzie Financial Corp increased its stake in Domo by 52.6% in the 4th quarter. Mackenzie Financial Corp now owns 197,417 shares of the company’s stock valued at $1,685,000 after buying an additional 68,007 shares during the last quarter. Oxford Asset Management LLP acquired a new stake in Domo in the 4th quarter valued at $88,000. Man Group plc bought a new stake in Domo during the 4th quarter worth about $286,000. Finally, RPD Fund Management LLC boosted its stake 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 worth $30,545,000 after buying an additional 3,591,600 shares during the last quarter. 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.