Geode Capital Management LLC Grows Position in Domo, Inc. (NASDAQ:DOMO)

Geode Capital Management LLC increased its position in Domo, Inc. (NASDAQ:DOMO) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 759,353 shares of the company’s stock after buying an additional 4,091 shares during the quarter. Geode Capital Management LLC’s holdings in Domo were worth $5,704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in DOMO. Bank of New York Mellon Corp grew its holdings in Domo by 17.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 124,571 shares of the company’s stock worth $962,000 after acquiring an additional 18,135 shares during the last quarter. Ceera Investments LLC lifted its holdings in Domo by 27.5% in the 2nd quarter. Ceera Investments LLC now owns 212,910 shares of the company’s stock worth $1,644,000 after buying an additional 45,899 shares during the period. Acadian Asset Management LLC grew its position in shares of Domo by 32.3% in the 2nd quarter. Acadian Asset Management LLC now owns 1,301,495 shares of the company’s stock worth $10,042,000 after buying an additional 317,388 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Domo by 45.4% during the second quarter. Hsbc Holdings PLC now owns 37,385 shares of the company’s stock valued at $289,000 after buying an additional 11,674 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of Domo by 7.5% during the second quarter. Sei Investments Co. now owns 103,809 shares of the company’s stock valued at $801,000 after acquiring an additional 7,222 shares in the last quarter. 76.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DOMO shares. Lake Street Capital upped their price objective on shares of Domo from $8.00 to $9.50 and gave the stock a “hold” rating in a report on Friday, December 6th. JMP Securities reissued a “market outperform” rating and issued a $16.00 target price on shares of Domo in a research report on Friday, December 6th. Finally, TD Cowen lifted their price target on Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 29th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.10.

Domo Stock Up 0.3 %

DOMO stock opened at $7.11 on Friday. The business has a 50 day moving average of $8.26 and a 200 day moving average of $7.81. Domo, Inc. has a twelve month low of $6.11 and a twelve month high of $12.23. The firm has a market cap of $278.06 million, a PE ratio of -3.25 and a beta of 2.46.

Domo (NASDAQ:DOMO) last posted its quarterly earnings results on Thursday, December 5th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.27). The firm had revenue of $79.68 million during the quarter, compared to analysts’ expectations of $77.56 million. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, research analysts expect that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.

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.