Domo’s (DOMO) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of Domo (NASDAQ:DOMO) in a research note released on Friday,Benzinga reports. The brokerage currently has a $11.00 price target on the stock.

Several other analysts also recently issued reports on the stock. DA Davidson initiated coverage on shares of Domo in a research note on Friday. They set a “neutral” rating and a $8.00 target price on the stock. JMP Securities reissued a “market outperform” rating and set a $16.00 target price on shares of Domo in a research note on Friday, December 6th. TD Cowen boosted their target price on shares of Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, November 29th. Finally, Lake Street Capital boosted their target price on shares of Domo from $8.00 to $9.50 and gave the company a “hold” rating in a research note on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Domo has an average rating of “Hold” and a consensus price target of $10.08.

Domo Stock Performance

NASDAQ DOMO opened at $8.18 on Friday. The stock has a market capitalization of $319.90 million, a P/E ratio of -3.74 and a beta of 2.56. Domo has a 1 year low of $6.11 and a 1 year high of $11.25. The business’s fifty day moving average is $7.83 and its two-hundred day moving average is $7.87.

Domo (NASDAQ:DOMO) last posted its quarterly earnings results on Thursday, March 6th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The business had revenue of $78.77 million during the quarter, compared to the consensus estimate of $77.95 million. On average, research analysts forecast that Domo will post -2.1 earnings per share for the current year.

Institutional Investors Weigh In On Domo

A number of large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in Domo by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company’s stock worth $622,000 after purchasing an additional 1,826 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Domo by 5.4% in the third quarter. BNP Paribas Financial Markets now owns 40,991 shares of the company’s stock worth $308,000 after purchasing an additional 2,091 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Domo by 19.1% in the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock worth $99,000 after purchasing an additional 2,247 shares in the last quarter. Barclays PLC boosted its holdings in Domo by 3.7% in the fourth 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 Domo by 29.2% in the fourth 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 in the last quarter. 76.64% of the stock is currently owned by institutional investors.

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.