Domo (NASDAQ:DOMO) Given Neutral Rating at DA Davidson

Domo (NASDAQ:DOMO)‘s stock had its “neutral” rating reiterated by equities researchers at DA Davidson in a note issued to investors on Tuesday,Benzinga reports. They presently have a $3.50 target price on the stock. DA Davidson’s price target indicates a potential upside of 66.27% from the company’s current price.

Several other equities research analysts have also recently weighed in on the stock. Weiss Ratings upgraded shares of Domo from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 28th. Wall Street Zen cut shares of Domo from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Lake Street Capital reduced their target price on shares of Domo from $13.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. TD Cowen cut shares of Domo from a “buy” rating to a “hold” rating and set a $3.25 target price for the company. in a research note on Tuesday. Finally, Stephens reiterated an “overweight” rating on shares of Domo in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Domo has an average rating of “Reduce” and an average price target of $4.83.

Domo Stock Performance

Shares of NASDAQ:DOMO traded down $1.16 during midday trading on Tuesday, hitting $2.11. The company’s stock had a trading volume of 6,182,901 shares, compared to its average volume of 1,516,276. The stock has a market capitalization of $95.04 million, a price-to-earnings ratio of -1.44 and a beta of 1.78. The stock’s 50 day simple moving average is $3.51 and its 200 day simple moving average is $5.32. Domo has a fifty-two week low of $2.00 and a fifty-two week high of $18.49.

Domo (NASDAQ:DOMO) last released its earnings results on Monday, June 15th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $79.40 million during the quarter, compared to the consensus estimate of $79.64 million. During the same quarter in the previous year, the business posted ($0.69) EPS. As a group, analysts anticipate that Domo will post -1.43 EPS for the current year.

Insider Buying and Selling

In other Domo news, insider Rpd Fund Management Llc sold 1,100,900 shares of the firm’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $2.56, for a total transaction of $2,818,304.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 1,350,626 shares of company stock worth $3,785,484 in the last three months. 13.25% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. RPD Fund Management LLC lifted its stake in Domo by 27.3% during the first quarter. RPD Fund Management LLC now owns 4,613,726 shares of the company’s stock worth $14,118,000 after purchasing an additional 990,326 shares during the period. Capital Research Global Investors lifted its stake in Domo by 8.2% during the fourth quarter. Capital Research Global Investors now owns 2,975,558 shares of the company’s stock worth $25,084,000 after purchasing an additional 225,558 shares during the period. Portolan Capital Management LLC lifted its stake in Domo by 142.3% during the third quarter. Portolan Capital Management LLC now owns 2,684,753 shares of the company’s stock worth $42,526,000 after purchasing an additional 1,576,884 shares during the period. AIGH Capital Management LLC lifted its stake in Domo by 37.0% during the fourth quarter. AIGH Capital Management LLC now owns 1,837,762 shares of the company’s stock worth $15,492,000 after purchasing an additional 496,244 shares during the period. Finally, State Street Corp lifted its stake in Domo by 33.9% during the fourth quarter. State Street Corp now owns 1,285,753 shares of the company’s stock worth $10,839,000 after purchasing an additional 325,239 shares during the period. Institutional investors own 76.64% of the company’s stock.

Domo News Summary

Here are the key news stories impacting Domo this week:

• Positive Sentiment: Domo said its board’s strategic alternatives process is still active, and management indicated a deal could be announced soon, which is fueling takeover speculation and supporting the stock. MarketWatch article
• Positive Sentiment: The company reported adjusted EPS of ($0.02), in line with Wall Street’s forecast, and gross retention improved to 86.7%, showing some underlying customer stability. Business Wire article
• Neutral Sentiment: Analysts remain split: Cantor Fitzgerald cut its price target to $5 from $8 but kept an overweight rating, while Citizens JMP lowered its target to $2.25 and reiterated an underperform view. Benzinga article
• Negative Sentiment: Revenue of $79.4 million missed estimates slightly, and several reports highlighted continued demand weakness and concerns about Domo’s ability to grow without a sale. MSN article
• Negative Sentiment: Domo also issued a going-concern warning, underscoring financial risk and why some analysts remain skeptical despite the strategic review. MarketWatch article

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.