Analysts Set Domo, Inc. (NASDAQ:DOMO) Target Price at $6.92

Shares of Domo, Inc. (NASDAQ:DOMO) have received an average recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $6.9167.

DOMO has been the topic of several research analyst reports. Citizens Jmp reissued an “underperform” rating and issued a $3.50 target price on shares of Domo in a report on Friday, February 13th. DA Davidson lowered their target price on shares of Domo from $10.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Citigroup downgraded shares of Domo from an “outperform” rating to an “underperform” rating in a report on Friday, February 13th. Stephens lowered their target price on shares of Domo from $18.00 to $8.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Finally, Weiss Ratings raised shares of Domo from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 28th.

Insiders Place Their Bets

In related news, insider Rpd Fund Management Llc sold 39,034 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $4.46, for a total value of $174,091.64. Following the sale, the insider owned 4,187,809 shares in the company, valued at approximately $18,677,628.14. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 1,350,626 shares of company stock valued at $3,785,484 in the last quarter. Insiders own 15.24% of the company’s stock.

Institutional Investors Weigh In On Domo

Large investors have recently bought and sold shares of the business. RPD Fund Management LLC increased its position in Domo by 11,294.3% during the fourth quarter. RPD Fund Management LLC now owns 3,623,400 shares of the company’s stock valued at $30,545,000 after acquiring an additional 3,591,600 shares during the last quarter. Capital Research Global Investors bought a new position in Domo during the third quarter valued at $43,560,000. Portolan Capital Management LLC increased its position in Domo by 142.3% during the third quarter. Portolan Capital Management LLC now owns 2,684,753 shares of the company’s stock valued at $42,526,000 after acquiring an additional 1,576,884 shares during the last quarter. Captrust Financial Advisors bought a new position in Domo during the fourth quarter valued at $8,108,000. Finally, First Trust Advisors LP bought a new position in Domo during the third quarter valued at $9,744,000. Institutional investors own 76.64% of the company’s stock.

Domo Stock Performance

DOMO stock opened at $3.41 on Monday. Domo has a one year low of $2.39 and a one year high of $18.49. The company’s fifty day moving average price is $3.49 and its 200-day moving average price is $5.66. The company has a market capitalization of $153.95 million, a PE ratio of -2.35 and a beta of 1.78.

Domo (NASDAQ:DOMO) last released its earnings results on Tuesday, March 10th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.16). The firm had revenue of $79.63 million for the quarter, compared to analysts’ expectations of $78.65 million. The company’s quarterly revenue was up 1% on a year-over-year basis. On average, research analysts predict that Domo will post -1.43 EPS for the current fiscal year.

Domo Company Profile

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.