TD Cowen Has Lowered Expectations for Domo (NASDAQ:DOMO) Stock Price

Domo (NASDAQ:DOMO) had its price objective dropped by research analysts at TD Cowen from $21.00 to $16.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s target price points to a potential upside of 83.02% from the company’s previous close.

Other analysts have also recently issued reports about the company. Wall Street Zen cut Domo from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Domo in a research report on Wednesday, October 8th. Lake Street Capital set a $13.00 target price on Domo in a report on Friday. Cowen reaffirmed a “buy” rating on shares of Domo in a research note on Tuesday. Finally, DA Davidson set a $10.00 price target on shares of Domo in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Domo presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.14.

Domo Stock Performance

Shares of NASDAQ DOMO traded down $2.83 during mid-day trading on Friday, hitting $8.74. The stock had a trading volume of 2,616,495 shares, compared to its average volume of 583,428. Domo has a 1 year low of $6.01 and a 1 year high of $18.49. The business has a 50 day moving average price of $13.07 and a two-hundred day moving average price of $14.02. The firm has a market cap of $360.43 million, a P/E ratio of -4.51 and a beta of 1.76.

Domo (NASDAQ:DOMO) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.06. The firm had revenue of $79.40 million for the quarter, compared to analysts’ expectations of $79.03 million. Domo’s quarterly revenue was down .5% on a year-over-year basis. Domo has set its FY 2026 guidance at -0.110–0.070 EPS and its Q4 2026 guidance at -0.050–0.010 EPS. Equities research analysts predict that Domo will post -2.1 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Daniel David Daniel III sold 273,900 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $15.26, for a total transaction of $4,179,714.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 15.24% of the company’s stock.

Institutional Investors Weigh In On Domo

Several hedge funds have recently bought and sold shares of DOMO. Charles Schwab Investment Management Inc. grew its holdings in Domo by 7.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 273,863 shares of the company’s stock worth $2,125,000 after purchasing an additional 19,253 shares during the period. Invesco Ltd. boosted its position in shares of Domo by 116.7% in the 1st quarter. Invesco Ltd. now owns 23,624 shares of the company’s stock worth $183,000 after purchasing an additional 12,722 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Domo in the 1st quarter worth approximately $1,248,000. Hsbc Holdings PLC increased its position in Domo by 93.1% during the 1st quarter. Hsbc Holdings PLC now owns 29,051 shares of the company’s stock valued at $223,000 after buying an additional 14,005 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in Domo by 9.5% during the first quarter. MetLife Investment Management LLC now owns 19,446 shares of the company’s stock valued at $151,000 after buying an additional 1,681 shares during the last quarter. 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.