Domo, Inc. (NASDAQ:DOMO) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Domo, Inc. (NASDAQ:DOMO) have earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $10.25.

A number of research firms have recently commented on DOMO. Lake Street Capital cut their price target on shares of Domo from $9.50 to $8.50 and set a “hold” rating on the stock in a report on Friday, March 7th. Cowen reissued a “hold” rating on shares of Domo in a report on Friday, March 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $11.00 price target on shares of Domo in a report on Thursday, March 20th. Morgan Stanley reduced their price objective on Domo from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Finally, DA Davidson raised Domo to a “hold” rating in a research report on Monday, March 10th.

Insider Transactions at Domo

In related news, CEO Joshua G. James bought 77,300 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average cost of $6.50 per share, with a total value of $502,450.00. Following the acquisition, the chief executive officer now owns 116,600 shares in the company, valued at $757,900. This trade represents a 196.69 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David R. Jolley sold 25,000 shares of Domo stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $8.31, for a total value of $207,750.00. Following the transaction, the director now owns 255,743 shares in the company, valued at $2,125,224.33. This trade represents a 8.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.04% of the company’s stock.

Institutional Investors Weigh In On Domo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DOMO. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Domo in the fourth quarter worth $47,000. R Squared Ltd purchased a new position in shares of Domo during the 4th quarter valued at $56,000. Riggs Capital Management LLC bought a new position in Domo in the 4th quarter worth $85,000. SG Americas Securities LLC increased its stake in Domo by 19.1% in the 4th quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock worth $99,000 after buying an additional 2,247 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in Domo during the fourth quarter valued at about $103,000. Institutional investors own 76.64% of the company’s stock.

Domo Trading Up 1.3 %

Shares of Domo stock opened at $7.53 on Friday. Domo has a 12 month low of $6.01 and a 12 month high of $10.15. The business has a fifty day simple moving average of $7.80 and a two-hundred day simple moving average of $8.00. The firm has a market capitalization of $300.75 million, a P/E ratio of -3.44 and a beta of 2.28.

Domo (NASDAQ:DOMO) last released its earnings results on Thursday, March 6th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.26). The firm had revenue of $78.77 million during the quarter, compared to analysts’ expectations of $77.95 million. Analysts predict that Domo will post -2.1 earnings per share for the current year.

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.