Domo (NASDAQ:DOMO) issued its earnings results on Thursday. The company reported ($1.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.38) by $0.32, Briefing.com reports. The business had revenue of $36.80 million for the quarter, compared to the consensus estimate of $34.98 million. The company’s quarterly revenue was up 30.0% on a year-over-year basis.

NASDAQ:DOMO opened at $15.63 on Friday. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.03. Domo has a 1-year low of $13.28 and a 1-year high of $28.86.

A number of large investors have recently added to or reduced their stakes in DOMO. Meeder Asset Management Inc. acquired a new stake in Domo during the 3rd quarter worth approximately $113,000. American International Group Inc. acquired a new stake in Domo during the 3rd quarter worth approximately $114,000. Advisory Services Network LLC acquired a new stake in Domo during the 3rd quarter worth approximately $135,000. Wells Fargo & Company MN acquired a new stake in Domo during the 3rd quarter worth approximately $180,000. Finally, TIAA CREF Investment Management LLC acquired a new stake in Domo during the 3rd quarter worth approximately $243,000. 62.48% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently commented on the company. Zacks Investment Research downgraded Domo from a “buy” rating to a “hold” rating in a research note on Wednesday, November 7th. Credit Suisse Group lifted their price target on Domo from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, September 7th. JMP Securities lifted their price target on Domo from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, September 7th. Finally, Morgan Stanley lifted their price target on Domo from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Friday, September 7th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $26.43.

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About Domo

Domo, Inc operates a cloud-based platform in the United States. Its platform digitally connects chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.

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