Domo, Inc. (NASDAQ:DOMO) Short Interest Update

Domo, Inc. (NASDAQ:DOMO) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 1,520,000 shares, a decline of 11.1% from the November 30th total of 1,710,000 shares. Approximately 4.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 314,400 shares, the short-interest ratio is presently 4.8 days.

Institutional Investors Weigh In On Domo

Institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its holdings in Domo by 32.3% in the 2nd quarter. Acadian Asset Management LLC now owns 1,301,495 shares of the company’s stock worth $10,042,000 after buying an additional 317,388 shares during the period. Parallax Volatility Advisers L.P. boosted its holdings in Domo by 113.9% in the third quarter. Parallax Volatility Advisers L.P. now owns 29,990 shares of the company’s stock valued at $225,000 after acquiring an additional 246,016 shares in the last quarter. 272 Capital LP increased its position in Domo by 52.1% during the 2nd quarter. 272 Capital LP now owns 416,464 shares of the company’s stock valued at $3,215,000 after purchasing an additional 142,609 shares during the period. FMR LLC raised its holdings in Domo by 20.6% in the 3rd quarter. FMR LLC now owns 301,457 shares of the company’s stock worth $2,264,000 after purchasing an additional 51,494 shares in the last quarter. Finally, Ceera Investments LLC lifted its position in shares of Domo by 27.5% in the 2nd quarter. Ceera Investments LLC now owns 212,910 shares of the company’s stock worth $1,644,000 after purchasing an additional 45,899 shares during the period. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Domo Stock Down 1.9 %

Shares of DOMO traded down $0.14 during trading hours on Wednesday, hitting $7.08. The company had a trading volume of 287,150 shares, compared to its average volume of 374,933. The firm has a market cap of $276.88 million, a P/E ratio of -3.23 and a beta of 2.44. Domo has a 52-week low of $6.11 and a 52-week high of $12.23. The stock’s 50 day moving average price is $8.29 and its 200 day moving average price is $7.81.

Domo (NASDAQ:DOMO) last announced its quarterly earnings results on Thursday, December 5th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.27). The business had revenue of $79.68 million during the quarter, compared to analyst estimates of $77.56 million. The business’s revenue was down .1% compared to the same quarter last year. On average, research analysts expect that Domo will post -2.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JMP Securities restated a “market outperform” rating and set a $16.00 price target on shares of Domo in a research report on Friday, December 6th. TD Cowen boosted their target price on Domo from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, November 29th. Finally, Lake Street Capital upped their target price on Domo from $8.00 to $9.50 and gave the stock a “hold” rating in a research note on Friday, December 6th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Domo presently has an average rating of “Hold” and a consensus target price of $10.10.

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.