Domo, Inc. (NASDAQ:DOMO) Given Average Rating of “Hold” by Brokerages

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

Several research firms have weighed in on DOMO. Citizens Jmp reissued an “underperform” rating and set a $3.50 target price on shares of Domo in a research report on Friday, February 13th. Lake Street Capital decreased their price target on shares of Domo from $13.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, March 11th. Cantor Fitzgerald dropped their price objective on shares of Domo from $13.00 to $8.00 and set an “overweight” rating on the stock in a report on Wednesday, March 11th. Citigroup downgraded Domo from an “outperform” rating to an “underperform” rating in a research report on Friday, February 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Domo in a research note on Wednesday, January 21st.

Domo Stock Performance

Domo stock opened at $3.57 on Wednesday. The stock has a 50-day moving average of $4.94 and a two-hundred day moving average of $9.79. Domo has a one year low of $3.44 and a one year high of $18.49. The stock has a market cap of $149.23 million, a PE ratio of -2.46 and a beta of 1.70.

Domo (NASDAQ:DOMO) last issued its quarterly earnings results on Tuesday, March 10th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.16). The firm had revenue of $79.63 million during the quarter, compared to analyst estimates of $78.65 million. The business’s revenue for the quarter was up 1% on a year-over-year basis. As a group, sell-side analysts predict that Domo will post -2.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DOMO. Franklin Resources Inc. boosted its position in Domo by 3.7% in the second quarter. Franklin Resources Inc. now owns 23,759 shares of the company’s stock valued at $332,000 after buying an additional 854 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Domo during the 3rd quarter worth approximately $25,000. Brevan Howard Capital Management LP raised its position in Domo by 3.9% during the 3rd quarter. Brevan Howard Capital Management LP now owns 50,740 shares of the company’s stock worth $804,000 after buying an additional 1,924 shares during the last quarter. Verition Fund Management LLC lifted its stake in Domo by 8.1% during the 4th quarter. Verition Fund Management LLC now owns 35,876 shares of the company’s stock valued at $302,000 after acquiring an additional 2,679 shares during the period. Finally, Creative Planning lifted its stake in Domo by 23.2% during the 2nd quarter. Creative Planning now owns 15,362 shares of the company’s stock valued at $215,000 after acquiring an additional 2,889 shares during the period. 76.64% of the stock is currently owned by hedge funds and other 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.