Domo, Inc. (NASDAQ:DOMO) Receives $17.00 Average Price Target from Analysts

Shares of Domo, Inc. (NASDAQ:DOMO) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $17.00.

A number of equities analysts recently weighed in on DOMO shares. DA Davidson upped their price target on Domo from $9.00 to $15.00 and gave the stock a “hold” rating in a report on Thursday, August 28th. TD Cowen upgraded Domo from a “hold” rating to a “buy” rating and upped their price target for the stock from $13.00 to $21.00 in a report on Tuesday, August 26th. Wall Street Zen downgraded Domo from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Lake Street Capital set a $16.00 price objective on Domo and gave the company a “hold” rating in a research note on Thursday, August 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Domo in a research report on Wednesday, October 8th.

Domo Price Performance

Shares of NASDAQ:DOMO opened at $12.37 on Thursday. Domo has a 1-year low of $6.01 and a 1-year high of $18.49. The business has a fifty day moving average price of $14.60 and a 200-day moving average price of $13.74. The company has a market capitalization of $510.03 million, a PE ratio of -6.38 and a beta of 1.77.

Domo (NASDAQ:DOMO) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.07. The firm had revenue of $79.72 million during the quarter, compared to the consensus estimate of $78.07 million. During the same quarter in the previous year, the company earned ($0.07) earnings per share. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Domo has set its FY 2026 guidance at -0.190–0.110 EPS. Q3 2026 guidance at -0.070–0.030 EPS. On average, sell-side analysts anticipate that Domo will post -2.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Daniel David Daniel III sold 273,900 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $15.26, for a total transaction of $4,179,714.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 15.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Domo

Several institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors acquired a new position in Domo in the third quarter valued at $43,560,000. Portolan Capital Management LLC lifted its holdings in shares of Domo by 142.3% during the 3rd quarter. Portolan Capital Management LLC now owns 2,684,753 shares of the company’s stock worth $42,526,000 after acquiring an additional 1,576,884 shares during the period. Acadian Asset Management LLC boosted its position in shares of Domo by 3.0% in the first quarter. Acadian Asset Management LLC now owns 1,415,884 shares of the company’s stock worth $10,987,000 after acquiring an additional 41,194 shares during the last quarter. AIGH Capital Management LLC grew its holdings in Domo by 78.5% in the second quarter. AIGH Capital Management LLC now owns 1,341,518 shares of the company’s stock valued at $18,741,000 after purchasing an additional 589,935 shares during the period. Finally, Geode Capital Management LLC increased its position in Domo by 2.3% during the second quarter. Geode Capital Management LLC now owns 822,020 shares of the company’s stock worth $11,486,000 after purchasing an additional 18,348 shares during the last quarter. 76.64% of the stock is currently owned by hedge funds and other institutional investors.

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.