Domo, Inc. (NASDAQ:DOMO) Receives Consensus Rating of "Reduce" from Brokerages

Key Points

• Analysts have a consensus “Reduce” rating on Domo, with four sell ratings, four holds and one buy. The average 12-month price target is approximately $3.95.
• Domo reported a quarterly loss of $0.21 per share and revenue of $76.78 million, below analysts’ $78.06 million estimate; analysts expect a full-year loss of $1.42 per share.
• Insiders sold shares worth $516,308 over the past 90 days, including sales by the CEO and CFO. Institutional investors own 76.64% of the company, while the stock recently traded at $3.83.

Shares of Domo, Inc. (NASDAQ:DOMO - Get Free Report) have been given an average recommendation of "Reduce" by the nine ratings firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $3.9543.

A number of equities research analysts have weighed in on the stock. TD Cowen cut shares of Domo from a "buy" rating to a "hold" rating and dropped their price target for the company from $6.00 to $3.25 in a research report on Tuesday, June 16th. UBS Group reaffirmed a "market underperform" rating on shares of Domo in a research report on Monday, August 17th. Lake Street Capital upgraded shares of Domo from a "hold" rating to a "buy" rating and dropped their target price for the company from $7.00 to $5.00 in a report on Thursday, July 23rd. Citigroup reissued a "market underperform" rating on shares of Domo in a research report on Monday, August 17th. Finally, Citizens Jmp restated a "market underperform" rating and set a $2.25 price target on shares of Domo in a research note on Monday, August 17th.

Insider Activity at Domo

In related news, CFO Tod Crane sold 68,483 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total transaction of $162,989.54. Following the transaction, the chief financial officer owned 276,809 shares of the company's stock, valued at approximately $658,805.42. This represents a 19.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joshua James sold 96,088 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total value of $228,689.44. Following the transaction, the chief executive officer directly owned 1,638,873 shares in the company, valued at approximately $3,900,517.74. The trade was a 5.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 216,936 shares of company stock worth $516,308. 13.25% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Domo

Large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its position in shares of Domo by 17.5% during the first quarter. AQR Capital Management LLC now owns 40,231 shares of the company's stock worth $312,000 after acquiring an additional 5,985 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Domo in the 1st quarter valued at about $237,000. Goldman Sachs Group Inc. raised its position in Domo by 22.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 172,680 shares of the company's stock valued at $1,340,000 after purchasing an additional 31,740 shares in the last quarter. Creative Planning boosted its stake in shares of Domo by 23.2% in the 2nd quarter. Creative Planning now owns 15,362 shares of the company's stock valued at $215,000 after buying an additional 2,889 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Domo by 9.6% in the 2nd quarter. Rhumbline Advisers now owns 54,308 shares of the company's stock valued at $759,000 after buying an additional 4,751 shares during the period. 76.64% of the stock is owned by hedge funds and other institutional investors.

Domo Stock Down 1.3%

Shares of Domo stock opened at $3.83 on Wednesday. Domo has a 52 week low of $1.84 and a 52 week high of $18.49. The business's fifty day simple moving average is $3.69 and its 200-day simple moving average is $3.56. The firm has a market cap of $172.92 million, a PE ratio of -2.88 and a beta of 1.76.

Domo (NASDAQ:DOMO - Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported ($0.21) earnings per share (EPS) for the quarter. The company had revenue of $76.78 million during the quarter, compared to analysts' expectations of $78.06 million. As a group, equities analysts expect that Domo will post -1.42 earnings per share for the current year.

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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