Domo (NASDAQ:DOMO) Given Overweight Rating at Cantor Fitzgerald

Domo (NASDAQ:DOMO)‘s stock had its “overweight” rating reaffirmed by research analysts at Cantor Fitzgerald in a research note issued on Wednesday,Benzinga reports. They presently have a $22.00 target price on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 150.86% from the company’s current price.

Several other research firms have also recently issued reports on DOMO. Cowen reaffirmed a “buy” rating on shares of Domo in a research note on Tuesday, December 2nd. DA Davidson set a $10.00 price objective on shares of Domo in a research note on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Domo in a research note on Wednesday, October 8th. Lake Street Capital cut their price target on Domo from $16.00 to $13.00 and set a “hold” rating for the company in a report on Friday, December 5th. Finally, TD Cowen decreased their price objective on Domo from $21.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.43.

Domo Stock Performance

Domo stock opened at $8.77 on Wednesday. Domo has a fifty-two week low of $6.01 and a fifty-two week high of $18.49. The company has a market capitalization of $366.59 million, a price-to-earnings ratio of -5.13 and a beta of 1.76. The stock has a fifty day moving average of $11.51 and a two-hundred day moving average of $13.76.

Domo (NASDAQ:DOMO) last issued its quarterly earnings data 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 company had revenue of $79.40 million during the quarter, compared to analysts’ expectations of $79.03 million. The business’s quarterly revenue 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, analysts forecast that Domo will post -2.1 EPS for the current fiscal year.

Insider Activity

In other news, Director Daniel David Daniel III sold 273,900 shares of the company’s stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Domo

Large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Domo by 7.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 273,863 shares of the company’s stock worth $2,125,000 after purchasing an additional 19,253 shares during the period. Invesco Ltd. lifted its position in Domo by 116.7% during the first quarter. Invesco Ltd. now owns 23,624 shares of the company’s stock valued at $183,000 after buying an additional 12,722 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Domo in the first quarter worth $1,248,000. Hsbc Holdings PLC raised its stake in shares of Domo by 93.1% in the 1st quarter. Hsbc Holdings PLC now owns 29,051 shares of the company’s stock valued at $223,000 after acquiring an additional 14,005 shares during the period. Finally, MetLife Investment Management LLC boosted its position in Domo by 9.5% during the 1st quarter. MetLife Investment Management LLC now owns 19,446 shares of the company’s stock worth $151,000 after purchasing an additional 1,681 shares during the period. 76.64% of the stock is currently owned by hedge funds and other institutional investors.

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.