Analysts Set Domo, Inc. (NASDAQ:DOMO) Price Target at $10.25

Shares of Domo, Inc. (NASDAQ:DOMO) have earned an average rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $10.25.

DOMO has been the topic of several research analyst reports. Cantor Fitzgerald initiated coverage on Domo in a research note on Tuesday, February 11th. They issued an “overweight” rating and a $11.00 price objective on the stock. TD Cowen increased their target price on Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 29th. Lake Street Capital increased their target price on Domo from $8.00 to $9.50 and gave the company a “hold” rating in a research report on Friday, December 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $16.00 target price on shares of Domo in a research report on Friday, December 6th.

Domo Stock Down 1.1 %

Shares of NASDAQ:DOMO opened at $9.05 on Tuesday. Domo has a 52-week low of $6.11 and a 52-week high of $11.87. The stock has a market cap of $353.95 million, a P/E ratio of -4.13 and a beta of 2.49. The business’s 50 day moving average is $7.67 and its 200 day moving average is $7.86.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Thursday, December 5th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.27). The company had revenue of $79.68 million during the quarter, compared to the consensus estimate of $77.56 million. The company’s revenue was down .1% on a year-over-year basis. On average, sell-side analysts anticipate that Domo will post -2.1 EPS for the current fiscal year.

Institutional Trading of Domo

A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its position in shares of Domo by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company’s stock worth $622,000 after purchasing an additional 1,826 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Domo by 5.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 40,991 shares of the company’s stock worth $308,000 after purchasing an additional 2,091 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Domo by 19.1% in the 4th quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock worth $99,000 after purchasing an additional 2,247 shares in the last quarter. Barclays PLC boosted its position in shares of Domo by 3.7% in the 4th quarter. Barclays PLC now owns 82,573 shares of the company’s stock worth $584,000 after purchasing an additional 2,962 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Domo by 29.2% in the 4th quarter. Wells Fargo & Company MN now owns 17,696 shares of the company’s stock worth $125,000 after purchasing an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 76.64% of the company’s stock.

Domo Company Profile

Domo, Inc, together with its subsidiaries, operates a cloud-based business intelligence platform in North America, Western Europe, Canada, Australia, and Japan. Its platform digitally connects from the chief executive officer to the frontline employee with the various people, data, and systems in an organization, as well as giving them access to real-time data and insights, and allowing them to manage business via various browsers and visualization engines accessible across laptops, TV screens, monitors, tablets, and smartphones.