Domo (NASDAQ:DOMO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Domo (NASDAQ:DOMO) from a hold rating to a buy rating in a report released on Saturday morning.

Several other brokerages have also recently weighed in on DOMO. Lake Street Capital dropped their price objective on Domo from $13.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, March 11th. DA Davidson decreased their price target on Domo from $10.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 11th. TD Cowen dropped their price target on Domo from $16.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Domo in a research report on Wednesday, January 21st. Finally, Citigroup downgraded shares of Domo from an “outperform” rating to an “underperform” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $8.64.

Domo Stock Up 0.8%

Shares of NASDAQ:DOMO opened at $3.60 on Friday. The company’s 50 day moving average price is $4.85 and its two-hundred day moving average price is $9.71. Domo has a 12-month low of $3.44 and a 12-month high of $18.49. The firm has a market cap of $150.47 million, a PE ratio of -2.48 and a beta of 1.70.

Domo (NASDAQ:DOMO) last released its quarterly earnings results on Tuesday, March 10th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.16). The firm had revenue of $79.63 million for the quarter, compared to the consensus estimate of $78.65 million. Domo’s quarterly revenue was up 1% compared to the same quarter last year. On average, research analysts expect that Domo will post -2.1 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue bought a new position in shares of Domo in the 3rd quarter valued at $25,000. Global Wealth Strategies & Associates bought a new stake in Domo during the 4th quarter worth $28,000. Headlands Technologies LLC bought a new stake in Domo during the 2nd quarter worth $42,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Domo in the 3rd quarter worth about $70,000. Finally, Andina Capital Management LLC acquired a new position in Domo in the 4th quarter worth about $84,000. 76.64% of the stock is currently owned by institutional investors and hedge funds.

About Domo

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.