Domo, Inc. (NASDAQ:DOMO) Stock Has Average Target Price of $3.95

Shares of Domo, Inc. (NASDAQ:DOMO) have been given a consensus rating of “Reduce” by the nine analysts that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $3.95.

A number of research analysts have weighed in on DOMO shares. Cantor Fitzgerald downgraded Domo from an “overweight” rating to a “hold” rating and set a $4.84 target price on the stock. in a report on Thursday, July 23rd. Wall Street Zen cut Domo from a “hold” rating to a “sell” rating in a research note on Saturday, September 12th. TD Cowen lowered Domo from a “buy” rating to a “hold” rating and dropped their price target for the company from $6.00 to $3.25 in a research report on Tuesday, June 16th. Citizens Jmp reiterated a “market underperform” rating and issued a $2.25 price objective on shares of Domo in a report on Monday, August 17th. Finally, Citigroup reissued a “market underperform” rating on shares of Domo in a research report on Monday, August 17th.

Domo Trading Down 2.1%

NASDAQ:DOMO opened at $3.48 on Friday. The company has a 50-day moving average price of $3.75 and a 200-day moving average price of $3.50. The stock has a market cap of $156.90 million, a price-to-earnings ratio of -2.61 and a beta of 1.76. Domo has a 12 month low of $1.84 and a 12 month high of $17.34.

Domo (NASDAQ:DOMO) last announced its quarterly earnings results on Thursday, September 3rd. The company reported ($0.21) earnings per share (EPS) for the quarter. The company had revenue of $76.78 million for the quarter, compared to the consensus estimate of $78.06 million. Equities analysts forecast that Domo will post -1.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DOMO. Rockwood Wealth Management LLC grew its position in Domo by 16.1% during the 1st quarter. Rockwood Wealth Management LLC now owns 54,227 shares of the company’s stock valued at $166,000 after purchasing an additional 7,507 shares during the last quarter. Andina Capital Management LLC purchased a new position in Domo in the fourth quarter worth about $84,000. Sei Investments Co. raised its holdings in Domo by 43.6% in the first quarter. Sei Investments Co. now owns 36,059 shares of the company’s stock worth $110,000 after buying an additional 10,952 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Domo by 14.4% in the first quarter. Bank of New York Mellon Corp now owns 99,850 shares of the company’s stock worth $306,000 after buying an additional 12,601 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Domo by 41.1% in the first quarter. Bank of America Corp DE now owns 55,048 shares of the company’s stock worth $168,000 after buying an additional 16,029 shares in the last quarter. 76.64% of the stock is owned by hedge funds and other institutional investors.

Domo Company Profile

Domo, Inc develops a cloud-based business intelligence and data analytics platform that helps organizations connect, prepare, analyze and visualize information from across their operations. Its platform is designed to give business users access to data through dashboards, reports and interactive applications, supporting decision-making across areas such as finance, sales, marketing, operations and supply chain management.

The company’s offerings include data integration and transformation tools, centralized data management, governance capabilities, reporting and visualization features, and embedded analytics.