Domo, Inc. (NASDAQ:DOMO) Stock Has Average Price Target of $3.95

Domo, Inc. (NASDAQ:DOMO) has been given an average recommendation of “Reduce” by the nine analysts that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $3.95.

Several equities analysts have recently weighed in on DOMO shares. Stephens cut shares of Domo from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $5.00 to $4.00 in a research note on Thursday, July 23rd. Cantor Fitzgerald lowered shares of Domo from an “overweight” rating to a “hold” rating and set a $4.84 price objective on the stock. in a research report on Thursday, July 23rd. Weiss Ratings raised shares of Domo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 1st. Citizens Jmp restated a “market underperform” rating and set a $2.25 target price on shares of Domo in a report on Monday, August 17th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $3.50 target price on shares of Domo in a research report on Tuesday, June 16th.

Hedge Funds Weigh In On Domo

A number of large investors have recently modified their holdings of DOMO. Rangeley Capital LLC acquired a new stake in shares of Domo in the first quarter valued at about $80,000. Andina Capital Management LLC bought a new position in Domo in the fourth quarter valued at approximately $84,000. Hsbc Holdings PLC bought a new position in Domo in the first quarter valued at approximately $105,000. Sei Investments Co. grew its stake in Domo by 43.6% in the first quarter. Sei Investments Co. now owns 36,059 shares of the company’s stock valued at $110,000 after purchasing an additional 10,952 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Domo by 316.7% during the 1st quarter. Public Employees Retirement System of Ohio now owns 45,420 shares of the company’s stock worth $139,000 after purchasing an additional 34,520 shares during the last quarter. 76.64% of the stock is currently owned by institutional investors and hedge funds.

Domo Price Performance

Shares of Domo stock opened at $3.48 on Friday. The firm has a market cap of $156.90 million, a price-to-earnings ratio of -2.61 and a beta of 1.76. The stock’s 50-day moving average is $3.74 and its 200-day moving average is $3.49. Domo has a one year low of $1.84 and a one year high of $17.34.

Domo (NASDAQ:DOMO) last posted its quarterly earnings data on Thursday, September 3rd. The company reported ($0.21) earnings per share for the quarter. The firm had revenue of $76.78 million during the quarter, compared to the consensus estimate of $78.06 million. On average, equities analysts expect that Domo will post -1.41 EPS for the current year.

About Domo

Domo, Inc develops a cloud-based business intelligence and data analytics platform that helps organizations connect, prepare, analyze and visualize information from across their operations. Its platform is designed to give business users access to data through dashboards, reports and interactive applications, supporting decision-making across areas such as finance, sales, marketing, operations and supply chain management.

The company’s offerings include data integration and transformation tools, centralized data management, governance capabilities, reporting and visualization features, and embedded analytics.