Domo (NASDAQ:DOMO) Rating Reiterated by JMP Securities

JMP Securities reissued their market outperform rating on shares of Domo (NASDAQ:DOMO) in a research note issued to investors on Tuesday morning, Benzinga reports. The brokerage currently has a $16.00 target price on the stock.

Other analysts have also recently issued research reports about the stock. Lake Street Capital cut shares of Domo from a buy rating to a hold rating and lowered their price objective for the company from $15.00 to $8.00 in a research report on Friday, May 24th. TD Cowen dropped their price target on Domo from $11.50 to $10.00 and set a hold rating on the stock in a research report on Tuesday, May 21st. Finally, Morgan Stanley cut their price objective on Domo from $13.00 to $7.00 and set an equal weight rating on the stock in a report on Friday, May 24th. Four research 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 stock presently has a consensus rating of Hold and a consensus target price of $10.20.

Domo Price Performance

Shares of DOMO stock opened at $8.09 on Tuesday. The stock has a market cap of $308.84 million, a PE ratio of -3.85 and a beta of 2.45. The stock has a 50-day moving average of $7.69 and a 200-day moving average of $8.38. Domo has a one year low of $6.11 and a one year high of $17.38.

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. As a group, research analysts anticipate that Domo will post -2.4 earnings per share for the current year.

Insider Buying and Selling at Domo

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

Institutional Investors Weigh In On Domo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp increased its position in shares of Domo by 6.7% in the fourth quarter. Mackenzie Financial Corp now owns 21,818 shares of the company’s stock valued at $225,000 after acquiring an additional 1,374 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Domo by 161.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,624 shares of the company’s stock worth $27,000 after purchasing an additional 1,622 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Domo by 3.7% during the 1st quarter. BNP Paribas Financial Markets now owns 45,337 shares of the company’s stock worth $404,000 after purchasing an additional 1,630 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Domo by 51.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,208 shares of the company’s stock valued at $48,000 after buying an additional 2,100 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Domo by 58.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,967 shares of the company’s stock valued at $61,000 after buying an additional 2,212 shares during the last quarter. 76.64% of the stock is owned by institutional investors.

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.