Domo (NASDAQ:DOMO) had its target price raised by Morgan Stanley from $24.00 to $26.00 in a report issued on Friday morning, BenzingaRatingsTable reports. The brokerage currently has an overweight rating on the stock.

Several other equities research analysts have also recently issued reports on DOMO. UBS Group dropped their target price on shares of Domo from $28.00 to $18.00 and set a neutral rating on the stock in a report on Monday, September 9th. Zacks Investment Research lowered shares of Domo from a strong-buy rating to a hold rating in a research note on Wednesday, November 6th. Credit Suisse Group lowered shares of Domo from an outperform rating to a neutral rating and decreased their target price for the company from $45.00 to $20.00 in a research note on Friday, September 6th. Cowen lowered their price target on Domo from $52.00 to $28.00 and set a buy rating on the stock in a report on Friday, September 6th. Finally, JMP Securities dropped their price target on Domo from $47.00 to $37.00 and set a market outperform rating on the stock in a research note on Friday, September 6th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Domo has a consensus rating of Buy and a consensus price target of $27.14.

Shares of Domo stock traded up $3.89 during trading on Friday, hitting $23.39. 5,017,802 shares of the company’s stock traded hands, compared to its average volume of 757,589. Domo has a 1 year low of $14.80 and a 1 year high of $47.08. The business has a 50-day simple moving average of $17.27 and a 200-day simple moving average of $23.39. The stock has a market capitalization of $643.32 million, a P/E ratio of -2.48 and a beta of 0.85. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.46 and a quick ratio of 1.46.

Domo (NASDAQ:DOMO) last issued its earnings results on Thursday, December 5th. The company reported ($0.85) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.01) by $0.16. The business had revenue of $44.80 million during the quarter, compared to analyst estimates of $41.81 million. Domo had a negative return on equity of 403.37% and a negative net margin of 81.35%. Domo’s revenue was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.06) EPS. On average, equities analysts predict that Domo will post -4.7 earnings per share for the current fiscal year.

In other Domo news, CEO Joshua G. James acquired 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average price of $17.00 per share, with a total value of $1,020,000.00. 21.97% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of DOMO. Metropolitan Life Insurance Co NY bought a new position in Domo in the 1st quarter worth $217,000. SG Americas Securities LLC bought a new stake in Domo during the second quarter valued at about $132,000. First Trust Advisors LP purchased a new stake in Domo in the second quarter worth about $29,791,000. Stephens Inc. AR purchased a new stake in Domo in the second quarter worth about $251,000. Finally, Swiss National Bank purchased a new stake in Domo in the second quarter worth about $546,000. 64.32% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Domo (NASDAQ:DOMO)

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