Domo, Inc. (NASDAQ:DOMO) Given Average Rating of “Hold” by Brokerages

Domo, Inc. (NASDAQ:DOMO) has received a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $10.42.

Several equities research analysts have recently weighed in on DOMO shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $11.00 price objective on shares of Domo in a research note on Thursday, March 20th. DA Davidson upgraded Domo to a “hold” rating in a research report on Monday, March 10th. Lake Street Capital cut their price objective on Domo from $9.50 to $8.50 and set a “hold” rating for the company in a report on Friday, March 7th. Cowen reaffirmed a “hold” rating on shares of Domo in a report on Friday, March 7th. Finally, Morgan Stanley lifted their price target on shares of Domo from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, March 13th.

Insider Buying and Selling

In other news, Director Daniel David Daniel III purchased 120,000 shares of the company’s stock in a transaction on Friday, April 4th. The shares were purchased at an average cost of $6.44 per share, with a total value of $772,800.00. Following the completion of the transaction, the director now owns 781,400 shares of the company’s stock, valued at $5,032,216. The trade was a 18.14 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joshua G. James bought 77,300 shares of the company’s stock in a transaction dated Friday, April 4th. The stock was purchased at an average cost of $6.50 per share, for a total transaction of $502,450.00. Following the completion of 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 position. The disclosure for this purchase can be found here. 14.04% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Domo

A number of large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in Domo by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company’s stock valued at $622,000 after acquiring an additional 1,826 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Domo by 5.4% in the third quarter. BNP Paribas Financial Markets now owns 40,991 shares of the company’s stock worth $308,000 after purchasing an additional 2,091 shares during the period. SG Americas Securities LLC raised its stake in Domo by 19.1% in the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock valued at $99,000 after purchasing an additional 2,247 shares in the last quarter. Rhumbline Advisers lifted its position in Domo by 5.0% during the first quarter. Rhumbline Advisers now owns 49,557 shares of the company’s stock worth $385,000 after purchasing an additional 2,369 shares during the period. Finally, Barclays PLC grew its stake in Domo by 3.7% during the fourth quarter. Barclays PLC now owns 82,573 shares of the company’s stock worth $584,000 after buying an additional 2,962 shares in the last quarter. Institutional investors own 76.64% of the company’s stock.

Domo Trading Up 4.6 %

DOMO opened at $7.51 on Wednesday. Domo has a 1-year low of $6.01 and a 1-year high of $10.15. The business has a 50 day moving average of $8.21 and a 200-day moving average of $7.97. The stock has a market capitalization of $293.70 million, a price-to-earnings ratio of -3.43 and a beta of 2.28.

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