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

Domo, Inc. (NASDAQ:DOMO) saw a significant decline in short interest in July. As of July 31st, there was short interest totalling 2,160,000 shares, a decline of 11.5% from the July 15th total of 2,440,000 shares. Currently, 7.0% of the shares of the stock are sold short. Based on an average daily volume of 406,800 shares, the days-to-cover ratio is currently 5.3 days.

Domo Trading Up 2.5 %

Shares of DOMO stock traded up $0.20 on Friday, reaching $8.18. The company had a trading volume of 774,134 shares, compared to its average volume of 398,598. The company has a 50-day moving average of $7.55 and a 200-day moving average of $8.48. Domo has a 12 month low of $6.11 and a 12 month high of $17.38. The stock has a market cap of $312.27 million, a PE ratio of -3.90 and a beta of 2.45.

Domo (NASDAQ:DOMO) last issued its earnings results on Thursday, May 23rd. The company reported ($0.71) EPS for the quarter, missing the consensus estimate of ($0.64) by ($0.07). The business had revenue of $80.10 million for the quarter, compared to analysts’ expectations of $79.57 million. Sell-side analysts anticipate that Domo will post -2.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Morgan Stanley reduced their target price on shares of Domo from $13.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. TD Cowen cut their price objective on shares of Domo from $11.50 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, May 21st. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 target price on shares of Domo in a report on Monday, July 1st. Finally, Lake Street Capital cut shares of Domo from a “buy” rating to a “hold” rating and dropped their target price for the company from $15.00 to $8.00 in a research report on Friday, May 24th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.20.

Insiders Place Their Bets

In related news, EVP Daren Thayne sold 7,095 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $6.85, for a total transaction of $48,600.75. Following the transaction, the executive vice president now owns 406,663 shares in the company, valued at approximately $2,785,641.55. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Daniel David Daniel III bought 150,000 shares of the stock in a transaction dated Thursday, June 20th. The stock was bought at an average cost of $6.87 per share, with a total value of $1,030,500.00. Following the purchase, the director now owns 561,400 shares of the company’s stock, valued at $3,856,818. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Daren Thayne sold 7,095 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $6.85, for a total value of $48,600.75. Following the transaction, the executive vice president now directly owns 406,663 shares in the company, valued at approximately $2,785,641.55. The disclosure for this sale can be found here. Insiders own 14.04% of the company’s stock.

Institutional Trading of Domo

A number of large investors have recently made changes to their positions in DOMO. Tower Research Capital LLC TRC grew its stake in Domo by 161.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,624 shares of the company’s stock valued at $27,000 after acquiring an additional 1,622 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Domo in the 1st quarter valued at approximately $43,000. EntryPoint Capital LLC bought a new stake in Domo during the 1st quarter worth approximately $45,000. Harbor Capital Advisors Inc. raised its holdings in Domo by 51.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,208 shares of the company’s stock worth $48,000 after buying an additional 2,100 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Domo by 58.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,967 shares of the company’s stock worth $61,000 after buying an additional 2,212 shares during the period. Institutional investors own 76.64% of the company’s stock.

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.