Shares of Domo Inc (NASDAQ:DOMO) saw unusually-high trading volume on Monday . Approximately 912,354 shares traded hands during mid-day trading, an increase of 23% from the previous session’s volume of 739,034 shares.The stock last traded at $19.67 and had previously closed at $18.80.

DOMO has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 price objective (down previously from $50.00) on shares of Domo in a research report on Friday, September 6th. Morgan Stanley set a $24.00 price objective on Domo and gave the stock a “buy” rating in a research report on Monday, September 9th. JMP Securities reduced their price objective on Domo from $47.00 to $37.00 and set a “market outperform” rating for the company in a research report on Friday, September 6th. UBS Group reduced their price objective on Domo from $28.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, September 9th. Finally, Zacks Investment Research downgraded Domo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $25.71.

The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market cap of $517.08 million, a P/E ratio of -2.09 and a beta of 0.85. The stock has a 50-day simple moving average of $16.75 and a 200 day simple moving average of $23.98.

Domo (NASDAQ:DOMO) last posted its earnings results on Thursday, September 5th. The company reported ($0.96) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.23) by $0.27. The business had revenue of $41.70 million during the quarter, compared to the consensus estimate of $41.68 million. Domo had a negative return on equity of 403.37% and a negative net margin of 81.35%. Domo’s revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the company earned ($3.44) EPS. Sell-side analysts anticipate that Domo Inc will post -4.7 earnings per share for the current fiscal year.

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

Several institutional investors have recently bought and sold shares of DOMO. First Trust Advisors LP bought a new position in shares of Domo during the 2nd quarter worth approximately $29,791,000. Intrinsic Edge Capital Management LLC bought a new position in shares of Domo during the 2nd quarter worth approximately $5,497,000. Vanguard Group Inc. lifted its position in shares of Domo by 22.1% during the 2nd quarter. Vanguard Group Inc. now owns 941,545 shares of the company’s stock worth $25,722,000 after buying an additional 170,519 shares during the period. Nuveen Asset Management LLC bought a new position in shares of Domo during the 2nd quarter worth approximately $4,592,000. Finally, Sylebra Capital Ltd raised its position in Domo by 5.6% in the 3rd quarter. Sylebra Capital Ltd now owns 2,707,292 shares of the company’s stock valued at $43,263,000 after purchasing an additional 144,603 shares during the last quarter. Institutional investors and hedge funds own 64.32% of the company’s stock.

About Domo (NASDAQ: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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