Domo, Inc. (NASDAQ:DOMO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Domo, Inc. (NASDAQ:DOMO) have been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong 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 $15.4286.

Several research analysts have recently issued reports on the company. DA Davidson set a $10.00 price target on Domo in a research report on Friday, December 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $22.00 price target on shares of Domo in a research note on Wednesday, December 24th. Lake Street Capital cut their price target on Domo from $16.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, December 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Domo in a research report on Wednesday, January 21st. Finally, Wall Street Zen lowered Domo from a “buy” rating to a “hold” rating in a report on Sunday, December 21st.

Hedge Funds Weigh In On Domo

A number of large investors have recently made changes to their positions in DOMO. State of Alaska Department of Revenue bought a new position in shares of Domo during the third quarter worth approximately $25,000. Nisa Investment Advisors LLC raised its holdings in shares of Domo by 53.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,838 shares of the company’s stock worth $26,000 after buying an additional 642 shares in the last quarter. Headlands Technologies LLC acquired a new position in Domo during the second quarter worth about $42,000. Global Wealth Strategies & Associates acquired a new position in Domo during the 4th quarter worth approximately $28,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Domo during the second quarter worth $49,000. Institutional investors own 76.64% of the company’s stock.

Domo Stock Down 2.3%

Shares of NASDAQ:DOMO opened at $5.87 on Tuesday. Domo has a twelve month low of $5.57 and a twelve month high of $18.49. The business has a 50 day moving average price of $8.44 and a 200 day moving average price of $12.50. The company has a market cap of $245.37 million, a price-to-earnings ratio of -3.43 and a beta of 1.64.

Domo (NASDAQ:DOMO) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.06. The business had revenue of $79.40 million during the quarter, compared to the consensus estimate of $79.03 million. Domo’s revenue was down .5% on a year-over-year basis. Domo has set its FY 2026 guidance at -0.110–0.070 EPS and its Q4 2026 guidance at -0.050–0.010 EPS. Analysts anticipate that Domo will post -2.1 EPS for the current 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.