Short Interest in Domo, Inc. (NASDAQ:DOMO) Declines By 12.5%

Domo, Inc. (NASDAQ:DOMO) was the target of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 3,908,898 shares, a decline of 12.5% from the January 15th total of 4,467,915 shares. Based on an average trading volume of 1,293,701 shares, the days-to-cover ratio is presently 3.0 days. Approximately 11.0% of the shares of the company are short sold. Approximately 11.0% of the shares of the company are short sold. Based on an average trading volume of 1,293,701 shares, the days-to-cover ratio is presently 3.0 days.

Domo Trading Down 12.0%

Domo stock opened at $4.10 on Tuesday. The firm has a market capitalization of $171.38 million, a P/E ratio of -2.40 and a beta of 1.65. The business has a 50-day moving average of $7.14 and a 200-day moving average of $11.64. Domo has a 1 year low of $4.07 and a 1 year high of $18.49.

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

Wall Street Analysts Forecast Growth

DOMO has been the topic of several research analyst reports. Citigroup lowered shares of Domo from an “outperform” rating to an “underperform” rating in a research report on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of Domo in a research note on Wednesday, January 21st. Wall Street Zen cut Domo from a “buy” rating to a “hold” rating in a report on Sunday, December 21st. Citizens Jmp reissued an “underperform” rating and set a $3.50 price objective on shares of Domo in a report on Friday. Finally, Lake Street Capital cut their target price 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 research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DOMO. State of Alaska Department of Revenue bought a new stake in shares of Domo in the third quarter worth about $25,000. Nisa Investment Advisors LLC grew its position 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 valued at $26,000 after purchasing an additional 642 shares during the period. Headlands Technologies LLC bought a new stake in Domo during the 2nd quarter worth approximately $42,000. Global Wealth Strategies & Associates bought a new stake in Domo during the 4th quarter worth approximately $28,000. Finally, FNY Investment Advisers LLC acquired a new stake in Domo during the 2nd quarter worth approximately $49,000. 76.64% of the stock is currently 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.