Domo (NASDAQ:DOMO) Given “Underperform” Rating at Citizens Jmp

Citizens Jmp reissued their underperform rating on shares of Domo (NASDAQ:DOMO) in a research note issued to investors on Friday, MarketBeat Ratings reports. Citizens Jmp currently has a $3.50 target price on the stock.

DOMO has been the subject of a number of other reports. Lake Street Capital decreased their price target on shares of Domo from $16.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, December 5th. Citigroup cut Domo from an “outperform” rating to an “underperform” rating in a research note on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Domo in a research note on Wednesday, January 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $22.00 target price on shares of Domo in a report on Wednesday, December 24th. Finally, DA Davidson set a $10.00 price target on Domo in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.94.

Domo Price Performance

Shares of NASDAQ:DOMO opened at $4.10 on Friday. The firm has a market capitalization of $171.38 million, a PE ratio of -2.40 and a beta of 1.64. The business has a 50-day moving average of $7.23 and a two-hundred day moving average of $11.79. Domo has a 12 month low of $4.07 and a 12 month high of $18.49.

Domo (NASDAQ:DOMO) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $79.03 million. The firm’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. As a group, research analysts anticipate that Domo will post -2.1 earnings per share for the current year.

Institutional Investors Weigh In On Domo

Institutional investors have recently modified their holdings of the stock. Capital Research Global Investors grew its stake in Domo by 8.2% in the fourth quarter. Capital Research Global Investors now owns 2,975,558 shares of the company’s stock worth $25,084,000 after purchasing an additional 225,558 shares in the last quarter. Portolan Capital Management LLC raised its stake in Domo by 142.3% during the third quarter. Portolan Capital Management LLC now owns 2,684,753 shares of the company’s stock valued at $42,526,000 after buying an additional 1,576,884 shares in the last quarter. AIGH Capital Management LLC lifted its holdings in Domo by 37.0% during the 4th quarter. AIGH Capital Management LLC now owns 1,837,762 shares of the company’s stock worth $15,492,000 after buying an additional 496,244 shares during the last quarter. State Street Corp grew its position in shares of Domo by 33.9% in the 4th quarter. State Street Corp now owns 1,285,753 shares of the company’s stock worth $10,839,000 after acquiring an additional 325,239 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Domo by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 836,018 shares of the company’s stock valued at $7,049,000 after acquiring an additional 44,219 shares during the last quarter. Institutional investors and hedge funds own 76.64% of the company’s stock.

About Domo

Domo, Inc (NASDAQ: DOMO) is a cloud-based software company that specializes in business intelligence and data analytics. The company’s flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise.

Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific.