Domo, Inc. (NASDAQ:DOMO) Given Average Rating of “Hold” by Brokerages

Domo, Inc. (NASDAQ:DOMO) has earned a consensus rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $10.08.

A number of research firms recently weighed in on DOMO. Lake Street Capital reduced their price target on Domo from $9.50 to $8.50 and set a “hold” rating for the company in a report on Friday. DA Davidson assumed coverage on Domo in a research note on Friday. They set a “neutral” rating and a $8.00 target price for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $11.00 price target on shares of Domo in a research note on Friday. JMP Securities restated a “market outperform” rating and set a $16.00 price objective on shares of Domo in a research report on Friday, December 6th. Finally, TD Cowen lifted their target price on shares of Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 29th.

Domo Price Performance

NASDAQ:DOMO opened at $8.18 on Friday. The company has a 50 day moving average price of $7.81 and a 200-day moving average price of $7.88. Domo has a 1-year low of $6.11 and a 1-year high of $11.25. The firm has a market cap of $319.90 million, a price-to-earnings ratio of -3.74 and a beta of 2.56.

Domo (NASDAQ:DOMO) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.26). The business had revenue of $78.77 million for the quarter, compared to the consensus estimate of $77.95 million. On average, sell-side analysts anticipate that Domo will post -2.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Domo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in shares of Domo by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company’s stock valued at $622,000 after buying an additional 1,826 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Domo by 5.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 40,991 shares of the company’s stock valued at $308,000 after acquiring an additional 2,091 shares in the last quarter. SG Americas Securities LLC raised its holdings in Domo by 19.1% in the 4th quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock valued at $99,000 after acquiring an additional 2,247 shares during the last quarter. Barclays PLC lifted its stake in Domo by 3.7% in the 4th quarter. Barclays PLC now owns 82,573 shares of the company’s stock worth $584,000 after purchasing an additional 2,962 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Domo by 29.2% during the 4th quarter. Wells Fargo & Company MN now owns 17,696 shares of the company’s stock worth $125,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 76.64% of the company’s stock.

Domo Company Profile

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.