FNY Investment Advisers LLC Makes New $49,000 Investment in Domo, Inc. $DOMO

FNY Investment Advisers LLC purchased a new position in shares of Domo, Inc. (NASDAQ:DOMO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,508 shares of the company’s stock, valued at approximately $49,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DOMO. AIGH Capital Management LLC bought a new stake in Domo during the first quarter worth $5,832,000. Nuveen LLC bought a new position in shares of Domo in the first quarter valued at about $1,248,000. Panoramic Capital LLC bought a new position in shares of Domo in the first quarter valued at about $776,000. Mackenzie Financial Corp raised its position in shares of Domo by 63.5% in the first quarter. Mackenzie Financial Corp now owns 124,433 shares of the company’s stock valued at $966,000 after purchasing an additional 48,316 shares during the period. Finally, Acadian Asset Management LLC raised 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 valued at $10,987,000 after purchasing an additional 41,194 shares during the period. 76.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DOMO. DA Davidson increased their price objective on shares of Domo from $9.00 to $15.00 and gave the company a “hold” rating in a research report on Thursday, August 28th. Cantor Fitzgerald raised their price target on shares of Domo from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. JMP Securities reaffirmed a “market outperform” rating and set a $20.00 price target on shares of Domo in a research report on Wednesday, September 10th. Lake Street Capital set a $16.00 price target on shares of Domo and gave the stock a “hold” rating in a research report on Thursday, August 28th. Finally, TD Cowen raised shares of Domo from a “hold” rating to a “buy” rating and raised their price target for the stock from $13.00 to $21.00 in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.00.

Domo Price Performance

Shares of Domo stock opened at $13.23 on Friday. The company has a market capitalization of $545.47 million, a price-to-earnings ratio of -6.82 and a beta of 1.82. Domo, Inc. has a 12-month low of $6.01 and a 12-month high of $18.49. The firm’s 50-day moving average price is $15.04 and its two-hundred day moving average price is $13.02.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.07. The firm had revenue of $79.72 million for the quarter, compared to analyst estimates of $78.07 million. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.07) earnings per share. 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 expect that Domo, Inc. will post -2.1 earnings per share for the current year.

Insider Transactions at Domo

In other Domo news, Director Daniel David Daniel III sold 273,900 shares of the stock in a transaction dated Monday, October 6th. The shares were 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 SEC, which can be accessed through this hyperlink. 15.24% of the stock is owned by insiders.

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.