Cantor Fitzgerald Forecasts Domo FY2025 Earnings

Domo, Inc. (NASDAQ:DOMO) – Analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for shares of Domo in a report issued on Tuesday, February 11th. Cantor Fitzgerald analyst Y. Lee expects that the company will post earnings of ($2.09) per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $11.00 price objective on the stock. The consensus estimate for Domo’s current full-year earnings is ($2.10) per share.

Domo (NASDAQ:DOMO) last released its quarterly earnings results on Thursday, December 5th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.27). The company had revenue of $79.68 million for the quarter, compared to the consensus estimate of $77.56 million. The company’s quarterly revenue was down .1% on a year-over-year basis.

DOMO has been the topic of several other reports. JMP Securities reissued a “market outperform” rating and set a $16.00 price objective on shares of Domo in a research note on Friday, December 6th. TD Cowen boosted their target price on Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 29th. Finally, Lake Street Capital increased their price target on Domo from $8.00 to $9.50 and gave the company a “hold” rating in a report on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Domo currently has an average rating of “Hold” and an average price target of $10.25.

Domo Stock Performance

Shares of NASDAQ DOMO opened at $8.97 on Thursday. Domo has a 12-month low of $6.11 and a 12-month high of $11.87. The firm’s 50-day moving average price is $7.64 and its 200-day moving average price is $7.84.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in shares of Domo by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company’s stock worth $622,000 after buying an additional 1,826 shares during the period. BNP Paribas Financial Markets grew its position in Domo by 5.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 40,991 shares of the company’s stock valued at $308,000 after acquiring an additional 2,091 shares during the last quarter. SG Americas Securities LLC increased 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 worth $99,000 after purchasing an additional 2,247 shares during the period. Wells Fargo & Company MN lifted its position in shares of Domo by 29.2% during the fourth quarter. Wells Fargo & Company MN now owns 17,696 shares of the company’s stock worth $125,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Domo by 0.5% during the third quarter. Geode Capital Management LLC now owns 759,353 shares of the company’s stock valued at $5,704,000 after purchasing an additional 4,091 shares during the period. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Domo Company Profile

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.