Domo, Inc. (NASDAQ:DOMO) Given Average Rating of “Moderate Buy” by Analysts

Shares of Domo, Inc. (NASDAQ:DOMO) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $15.4286.

A number of analysts have commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Domo in a research report on Wednesday, October 8th. DA Davidson set a $10.00 target price on Domo in a report on Friday, December 5th. Wall Street Zen lowered Domo from a “buy” rating to a “hold” rating in a research note on Sunday, December 21st. Lake Street Capital lowered their price target on Domo from $16.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. Finally, Cowen restated a “buy” rating on shares of Domo in a report on Tuesday, December 2nd.

Domo Price Performance

Shares of Domo stock opened at $8.15 on Friday. Domo has a 1-year low of $6.01 and a 1-year high of $18.49. The business’s fifty day moving average price is $10.38 and its two-hundred day moving average price is $13.35. The company has a market capitalization of $340.65 million, a P/E ratio of -4.77 and a beta of 1.64.

Domo (NASDAQ:DOMO) last issued its quarterly earnings results on Thursday, December 4th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.06. The business had revenue of $79.40 million for the quarter, compared to analyst estimates of $79.03 million. Domo’s revenue for the quarter was down .5% compared to the same quarter last year. Domo has set its FY 2026 guidance at -0.110–0.070 EPS and its Q4 2026 guidance at -0.050–0.010 EPS. On average, research analysts expect that Domo will post -2.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Domo

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

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.