Brokerages Set Domo, Inc. (NASDAQ:DOMO) PT at $10.08

Shares of Domo, Inc. (NASDAQ:DOMO) have received a consensus rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $10.42.

DOMO has been the subject of several research reports. Lake Street Capital lowered their price objective on shares of Domo from $9.50 to $8.50 and set a “hold” rating for the company in a research report on Friday, March 7th. Morgan Stanley lifted their price target on Domo from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday. Cantor Fitzgerald restated an “overweight” rating and issued a $11.00 price target on shares of Domo in a report on Friday, March 7th. Cowen reiterated a “hold” rating on shares of Domo in a report on Friday, March 7th. Finally, DA Davidson upgraded Domo to a “hold” rating in a research note on Monday, March 10th.

Insider Activity at Domo

In other Domo news, Director David R. Jolley sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $8.31, for a total value of $207,750.00. Following the completion of the transaction, the director now directly owns 255,743 shares in the company, valued at $2,125,224.33. This trade represents a 8.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 14.04% of the stock is owned by company insiders.

Institutional Investors Weigh In On Domo

Several large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its holdings in Domo by 2.1% during the fourth quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company’s stock worth $622,000 after buying an additional 1,826 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Domo by 5.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 40,991 shares of the company’s stock worth $308,000 after purchasing an additional 2,091 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Domo by 19.1% in the 4th quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock valued at $99,000 after purchasing an additional 2,247 shares during the period. Barclays PLC raised its holdings in shares of Domo by 3.7% in the 4th quarter. Barclays PLC now owns 82,573 shares of the company’s stock valued at $584,000 after purchasing an additional 2,962 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in Domo by 29.2% in the 4th quarter. Wells Fargo & Company MN now owns 17,696 shares of the company’s stock valued at $125,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 76.64% of the company’s stock.

Domo Trading Up 3.4 %

Shares of NASDAQ:DOMO opened at $8.49 on Friday. Domo has a 1-year low of $6.11 and a 1-year high of $10.15. The stock has a market capitalization of $332.03 million, a P/E ratio of -3.88 and a beta of 2.56. The business has a 50-day moving average price of $7.92 and a two-hundred day moving average price of $7.88.

Domo (NASDAQ:DOMO) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The company had revenue of $78.77 million for the quarter, compared to analyst estimates of $77.95 million. As a group, equities analysts predict that Domo will post -2.1 EPS for the current year.

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.