Fmr LLC Purchases 51,494 Shares of Domo, Inc. (NASDAQ:DOMO)

Fmr LLC grew its position in Domo, Inc. (NASDAQ:DOMO) by 20.6% during the third quarter, HoldingsChannel reports. The firm owned 301,457 shares of the company’s stock after buying an additional 51,494 shares during the period. Fmr LLC’s holdings in Domo were worth $2,264,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Domo in the 3rd quarter valued at $88,000. Rockwood Wealth Management LLC bought a new stake in shares of Domo in the 2nd quarter valued at $104,000. Quest Partners LLC boosted its stake in shares of Domo by 291.9% in the 3rd quarter. Quest Partners LLC now owns 13,700 shares of the company’s stock valued at $103,000 after purchasing an additional 10,204 shares during the last quarter. Olympiad Research LP bought a new stake in shares of Domo in the 3rd quarter valued at $161,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Domo by 45.4% in the 2nd quarter. Hsbc Holdings PLC now owns 37,385 shares of the company’s stock valued at $289,000 after purchasing an additional 11,674 shares during the last quarter. 76.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DOMO has been the topic of a number of analyst reports. DA Davidson upped their price objective on shares of Domo from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. TD Cowen increased their target price on shares of Domo from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, November 29th. Lake Street Capital increased their target price on shares of Domo from $8.00 to $9.50 and gave the stock a “hold” rating in a research note on Friday, December 6th. Finally, JMP Securities reissued a “market outperform” rating and set a $16.00 target price on shares of Domo in a research note on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.10.

Domo Trading Down 4.9 %

Domo stock opened at $7.34 on Friday. Domo, Inc. has a 1-year low of $6.11 and a 1-year high of $12.23. The firm has a market capitalization of $283.54 million, a price-to-earnings ratio of -3.35 and a beta of 2.44. The firm’s fifty day moving average price is $8.37 and its two-hundred day moving average price is $7.76.

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

Domo 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.