Domo (NASDAQ:DOMO) Coverage Initiated at Cantor Fitzgerald

Investment analysts at Cantor Fitzgerald initiated coverage on shares of Domo (NASDAQ:DOMO) in a report issued on Tuesday,Briefing.com Automated Import reports. The brokerage set an “overweight” rating and a $11.00 price target on the stock. Cantor Fitzgerald’s price target points to a potential upside of 31.26% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. JMP Securities reaffirmed 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 stock 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 stock a “hold” rating in a research note on Friday, December 6th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.25.

Domo Price Performance

Shares of DOMO opened at $8.38 on Tuesday. Domo has a one year low of $6.11 and a one year high of $12.05. The company has a market cap of $327.74 million, a P/E ratio of -3.83 and a beta of 2.49. The firm has a 50 day simple moving average of $7.68 and a two-hundred day simple moving average of $7.83.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Thursday, December 5th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.27). The business had revenue of $79.68 million for the quarter, compared to analyst estimates of $77.56 million. Domo’s quarterly revenue was down .1% compared to the same quarter last year. On average, analysts expect that Domo will post -2.1 earnings per share for the current fiscal year.

Institutional Trading of Domo

A number of institutional investors have recently bought and sold shares of DOMO. R Squared Ltd bought a new stake in Domo during the fourth quarter valued at $56,000. SG Americas Securities LLC acquired a new position in shares of Domo during the third quarter valued at about $88,000. XTX Topco Ltd acquired a new position in shares of Domo during the third quarter valued at about $97,000. Quest Partners LLC raised its holdings in shares of Domo by 291.9% during the third quarter. Quest Partners LLC now owns 13,700 shares of the company’s stock valued at $103,000 after purchasing an additional 10,204 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Domo during the fourth quarter valued at about $103,000. Institutional investors own 76.64% of the company’s stock.

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.