Domo (NASDAQ:DOMO) Issues Earnings Results, Beats Expectations By $0.06 EPS

Domo (NASDAQ:DOMO) announced its quarterly earnings data on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.06, Briefing.com reports. The firm had revenue of $79.40 million during the quarter, compared to the consensus estimate of $79.03 million. Domo’s quarterly revenue was down .5% compared to the same quarter last year. Domo updated its FY 2026 guidance to -0.110–0.070 EPS and its Q4 2026 guidance to -0.050–0.010 EPS.

Domo Price Performance

DOMO stock opened at $11.57 on Friday. Domo has a 1-year low of $6.01 and a 1-year high of $18.49. The business has a 50-day moving average price of $13.07 and a 200 day moving average price of $14.02. The company has a market capitalization of $477.03 million, a P/E ratio of -5.96 and a beta of 1.76.

Insider Buying and Selling

In other news, Director Daniel David Daniel III sold 273,900 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $15.26, for a total value of $4,179,714.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 15.24% of the company’s stock.

Hedge Funds Weigh In On Domo

Institutional investors have recently bought and sold shares of the business. First Trust Advisors LP purchased a new position in shares of Domo in the 3rd quarter valued at $9,744,000. Bank of America Corp DE lifted its position in shares of Domo by 129.8% during the second quarter. Bank of America Corp DE now owns 536,972 shares of the company’s stock valued at $7,501,000 after buying an additional 303,279 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Domo by 138.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 325,861 shares of the company’s stock valued at $4,552,000 after buying an additional 189,359 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Domo by 55.6% in the 3rd quarter. Millennium Management LLC now owns 521,373 shares of the company’s stock valued at $8,259,000 after buying an additional 186,232 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Domo by 621.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,359 shares of the company’s stock worth $2,239,000 after buying an additional 121,757 shares during the last quarter. 76.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Cantor Fitzgerald raised their price target on Domo from $17.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Domo in a research report on Wednesday, October 8th. DA Davidson cut their price target on shares of Domo from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Monday. Lake Street Capital set a $16.00 price target on shares of Domo and gave the stock a “hold” rating in a research note on Thursday, August 28th. Finally, TD Cowen raised shares of Domo from a “hold” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $21.00 in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $16.71.

About Domo

Domo, Inc, together with its subsidiaries, operates a cloud-based business intelligence platform in North America, Western Europe, Canada, Australia, and Japan. Its platform digitally connects from the chief executive officer to the frontline employee with the various people, data, and systems in an organization, as well as giving them access to real-time data and insights, and allowing them to manage business via various browsers and visualization engines accessible across laptops, TV screens, monitors, tablets, and smartphones.