Domo (NASDAQ:DOMO) Sets New 52-Week Low at $18.12

Domo, Inc. (NASDAQ:DOMOGet Rating) hit a new 52-week low during trading on Wednesday . The company traded as low as $18.12 and last traded at $18.48, with a volume of 3603 shares changing hands. The stock had previously closed at $18.47.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DOMO shares. Morgan Stanley reduced their price target on shares of Domo from $68.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, August 26th. JMP Securities reduced their target price on shares of Domo from $59.00 to $43.00 and set a “market outperform” rating for the company in a report on Friday, August 26th. Cowen lowered their price target on shares of Domo from $50.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, August 26th. Finally, Cowen reduced their price objective on Domo from $50.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, August 26th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $57.00.

Domo Stock Performance

The firm’s 50 day moving average is $26.32 and its 200-day moving average is $33.94. The stock has a market capitalization of $587.66 million, a price-to-earnings ratio of -4.59 and a beta of 2.55.

Domo (NASDAQ:DOMOGet Rating) last posted its earnings results on Thursday, August 25th. The company reported ($0.86) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.07) by $0.21. The firm had revenue of $75.50 million for the quarter, compared to analysts’ expectations of $76.40 million. During the same period in the previous year, the company earned ($0.70) earnings per share. The company’s revenue was up 20.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Domo, Inc. will post -3.42 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. ExodusPoint Capital Management LP acquired a new stake in Domo in the 2nd quarter valued at $717,000. Goldman Sachs Group Inc. increased its stake in shares of Domo by 47.5% during the second quarter. Goldman Sachs Group Inc. now owns 528,185 shares of the company’s stock worth $14,684,000 after purchasing an additional 169,999 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Domo by 71.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 30,179 shares of the company’s stock worth $839,000 after purchasing an additional 12,560 shares during the last quarter. Prudential Financial Inc. purchased a new position in Domo in the 2nd quarter valued at about $489,000. Finally, State Street Corp boosted its holdings in Domo by 4.6% in the 2nd quarter. State Street Corp now owns 669,624 shares of the company’s stock worth $18,616,000 after buying an additional 29,217 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Domo Company Profile

(Get Rating)

Domo, Inc operates a cloud-based business intelligence platform in the United States, Japan, and internationally. Its platform digitally connects from the chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.

Featured Articles

Receive News & Ratings for Domo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domo and related companies with MarketBeat.com's FREE daily email newsletter.