Domo (NASDAQ:DOMO) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Domo from “hold” to “sell,” adding to a broadly negative analyst outlook. The stock has an average “Reduce” rating and a consensus price target of $3.95.
• Domo reported a quarterly loss of $0.21 per share and revenue of $76.78 million, below the $78.06 million analyst consensus. Analysts expect a full-year loss of $1.41 per share.
• Domo shares opened at $3.83, with a $172.92 million market capitalization; company insiders sold 216,936 shares worth about $516,000 over the past 90 days.

Domo (NASDAQ:DOMO - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday, Wall Street Zen reports.

DOMO has been the topic of a number of other reports. Cantor Fitzgerald downgraded shares of Domo from an "overweight" rating to a "hold" rating and set a $4.84 price target on the stock. in a report on Thursday, July 23rd. Lake Street Capital raised shares of Domo from a "hold" rating to a "buy" rating and reduced their price objective for the company from $7.00 to $5.00 in a research note on Thursday, July 23rd. Weiss Ratings raised shares of Domo from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, July 1st. Citigroup reiterated a "market underperform" rating on shares of Domo in a research note on Monday, August 17th. Finally, TD Cowen downgraded shares of Domo from a "buy" rating to a "hold" rating and cut their price target for the company from $6.00 to $3.25 in a report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $3.95.

Domo Price Performance

Domo stock opened at $3.83 on Friday. Domo has a one year low of $1.84 and a one year high of $18.49. The business has a fifty day moving average price of $3.71 and a 200-day moving average price of $3.56. The firm has a market capitalization of $172.92 million, a P/E ratio of -2.88 and a beta of 1.76.

Domo (NASDAQ:DOMO - Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The company reported ($0.21) earnings per share for the quarter. The firm had revenue of $76.78 million during the quarter, compared to the consensus estimate of $78.06 million. Sell-side analysts expect that Domo will post -1.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Domo

In other news, CEO Joshua G. James sold 96,088 shares of the business's stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total transaction of $228,689.44. Following the completion of the transaction, the chief executive officer owned 1,638,873 shares of the company's stock, valued at approximately $3,900,517.74. The trade was a 5.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daren Thayne sold 52,365 shares of the company's stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total transaction of $124,628.70. Following the completion of the transaction, the executive vice president owned 498,051 shares in the company, valued at approximately $1,185,361.38. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 216,936 shares of company stock valued at $516,308 in the last 90 days. Corporate insiders own 13.25% of the company's stock.

Institutional Investors Weigh In On Domo

Several hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new stake in shares of Domo during the 2nd quarter valued at $42,000. Rangeley Capital LLC purchased a new position in Domo in the first quarter worth $80,000. Andina Capital Management LLC purchased a new position in Domo in the fourth quarter worth $84,000. Oxford Asset Management LLP purchased a new stake in Domo during the fourth quarter valued at about $88,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in Domo during the fourth quarter valued at about $88,000. 76.64% of the stock is currently owned by institutional investors.

Domo Company Profile

Domo, Inc NASDAQ: DOMO is a cloud-based software company that specializes in business intelligence and data analytics. The company's flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise.

Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific.

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