Domo’s (DOMO) Market Underperform Rating Reiterated at Citizens Jmp

Citizens Jmp reaffirmed their market underperform rating on shares of Domo (NASDAQ:DOMO) in a report issued on Monday morning,Benzinga reports. Citizens Jmp currently has a $2.25 price objective on the stock.

Several other research analysts have also commented on the company. Weiss Ratings upgraded Domo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 1st. DA Davidson reissued a “neutral” rating and set a $3.50 price target on shares of Domo in a research report on Tuesday, June 16th. Citigroup restated a “market underperform” rating on shares of Domo in a research note on Monday. Lake Street Capital raised shares of Domo from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $7.00 to $5.00 in a report on Thursday, July 23rd. Finally, Stephens lowered shares of Domo from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $5.00 to $4.00 in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $3.95.

Domo Stock Down 0.3%

Shares of Domo stock opened at $3.74 on Monday. The firm has a market cap of $168.86 million, a P/E ratio of -2.81 and a beta of 1.76. Domo has a fifty-two week low of $1.84 and a fifty-two week high of $18.49. The business has a 50-day moving average price of $3.36 and a 200 day moving average price of $3.67.

Insider Buying and Selling

In related news, EVP Daren Thayne sold 52,365 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total value of $124,628.70. Following the sale, the executive vice president owned 498,051 shares of the company’s stock, valued at approximately $1,185,361.38. This trade represents a 9.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Tod Crane sold 68,483 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $2.38, for a total value of $162,989.54. Following the transaction, the chief financial officer owned 276,809 shares of the company’s stock, valued at $658,805.42. This represents a 19.83% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 373,526 shares of company stock valued at $1,144,269. 13.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Domo

Several large investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in Domo in the second quarter valued at $42,000. Rangeley Capital LLC bought a new position in shares of Domo during the first quarter worth about $80,000. Andina Capital Management LLC acquired a new stake in shares of Domo in the 4th quarter worth about $84,000. Oxford Asset Management LLP acquired a new stake in shares of Domo in the 4th quarter worth about $88,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Domo in the 4th quarter valued at about $88,000. 76.64% of the stock is owned by institutional investors and hedge funds.

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.