Dominari (DOMH) Expected to Announce Earnings on Thursday

Dominari (NASDAQ:DOMH) will likely be issuing its results before the market opens on Thursday, November 5th. Analysts expect the company to announce earnings of ($0.68) per share and revenue of $18.58 million for the quarter.

Dominari (NASDAQ:DOMH) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.13. The firm had revenue of $16.79 million during the quarter, compared to the consensus estimate of $16.79 million. Dominari had a negative net margin of 51.61% and a negative return on equity of 235.37%.

Dominari Trading Down 0.6%

Dominari stock opened at $1.66 on Wednesday. The firm has a market cap of $40.24 million, a P/E ratio of -0.31 and a beta of 0.93. Dominari has a 1-year low of $1.63 and a 1-year high of $5.71. The firm has a 50-day moving average of $2.12 and a 200-day moving average of $2.88.

Dominari declared that its Board of Directors has initiated a share repurchase plan on Thursday, September 17th that allows the company to buy back $5 million in outstanding shares. This buyback authorization allows the company to reacquire up to 9.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, CEO Anthony Hayes acquired 50,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was acquired at an average cost of $2.02 per share, for a total transaction of $101,000.00. Following the acquisition, the chief executive officer owned 4,550,873 shares of the company’s stock, valued at $9,192,763.46. This trade represents a 1.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, President Kyle Wool acquired 50,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was bought at an average price of $2.02 per share, with a total value of $101,000.00. Following the completion of the acquisition, the president directly owned 4,261,828 shares in the company, valued at approximately $8,608,892.56. This represents a 1.19% increase in their position. The SEC filing for this purchase provides additional information. 55.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DOMH has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Dominari in a research report on Friday, October 2nd. Wall Street Zen lowered Dominari from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Dominari currently has a consensus rating of “Sell”.

Dominari Company Profile

Dominari Holdings Inc (NASDAQ:DOMH) is a diversified holding company focused on building and managing a portfolio of operating businesses and strategic investments. The company seeks opportunities across areas such as technology, media, telecommunications, financial services and other industries.

Through its subsidiaries, Dominari provides financial and capital-markets services, including investment banking, securities brokerage, wealth management and related advisory activities. Its businesses serve corporate clients, institutional investors and individual customers, subject to applicable regulatory requirements.

The company was formerly known as AIkido Pharma Inc and adopted the Dominari Holdings name as it broadened its focus beyond its earlier life-sciences activities.