Domo, Inc. (NASDAQ:DOMO) Receives $3.95 Average PT from Analysts

Shares of Domo, Inc. (NASDAQ:DOMO) have earned an average recommendation of “Reduce” from the nine brokerages that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $3.9543.

DOMO has been the subject of a number of recent analyst reports. Citizens Jmp reiterated a “market underperform” rating and issued a $2.25 price target on shares of Domo in a research report on Monday, August 17th. UBS Group restated a “market underperform” rating on shares of Domo in a research report on Monday, August 17th. Stephens cut 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. Weiss Ratings raised shares of Domo from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 1st. Finally, DA Davidson reiterated a “neutral” rating and issued a $3.50 price target on shares of Domo in a research note on Tuesday, June 16th.

Insider Activity at Domo

In other news, EVP Daren Thayne sold 52,365 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total transaction of $124,628.70. Following the completion of the transaction, the executive vice president owned 498,051 shares in the company, valued at $1,185,361.38. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Joshua James sold 96,088 shares of the firm’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 $228,689.44. Following the transaction, the chief executive officer owned 1,638,873 shares of the company’s stock, valued at $3,900,517.74. This represents a 5.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 216,936 shares of company stock valued at $516,308. Corporate insiders own 13.25% of the company’s stock.

Hedge Funds Weigh In On Domo

A number of large investors have recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in Domo in the 2nd quarter worth about $42,000. Rangeley Capital LLC purchased a new position in shares of Domo during the first quarter valued at approximately $80,000. Andina Capital Management LLC purchased a new position in shares of Domo during the fourth quarter valued at approximately $84,000. Oxford Asset Management LLP bought a new position in shares of Domo during the fourth quarter valued at approximately $88,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Domo during the fourth quarter valued at approximately $88,000. 76.64% of the stock is owned by hedge funds and other institutional investors.

Domo Price Performance

Shares of Domo stock opened at $3.83 on Wednesday. Domo has a twelve month low of $1.84 and a twelve month high of $18.49. The company’s 50 day moving average is $3.71 and its 200 day moving average is $3.56. The company has a market cap of $172.92 million, a price-to-earnings ratio of -2.88 and a beta of 1.76.

Domo (NASDAQ:DOMO) last announced its earnings results on Thursday, September 3rd. The company reported ($0.21) earnings per share (EPS) for the quarter. The business had revenue of $76.78 million during the quarter, compared to analyst estimates of $78.06 million. Sell-side analysts expect that Domo will post -1.41 EPS for the current fiscal year.

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.