DA Davidson Forecasts Domo's FY2026 Earnings (NASDAQ:DOMO)

Domo, Inc. (NASDAQ:DOMO - Free Report) - Equities researchers at DA Davidson increased their FY2026 earnings estimates for Domo in a research note issued to investors on Thursday, May 22nd. DA Davidson analyst A. Platt now expects that the company will earn ($1.61) per share for the year, up from their previous estimate of ($1.68). DA Davidson currently has a "Neutral" rating and a $9.00 price target on the stock. The consensus estimate for Domo's current full-year earnings is ($2.10) per share. DA Davidson also issued estimates for Domo's FY2027 earnings at ($1.46) EPS.

Domo (NASDAQ:DOMO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported ($0.09) EPS for the quarter, topping analysts' consensus estimates of ($0.19) by $0.10. The company had revenue of $80.11 million during the quarter, compared to the consensus estimate of $77.75 million. Domo's quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.33) EPS.

Other equities analysts have also issued reports about the company. Wall Street Zen upgraded Domo from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. JMP Securities reiterated a "market outperform" rating and set a $16.00 price target on shares of Domo in a research report on Thursday, May 22nd. Lake Street Capital restated a "hold" rating and issued a $9.00 price objective (up from $8.50) on shares of Domo in a report on Thursday, May 22nd. Cantor Fitzgerald upped their price objective on shares of Domo from $11.00 to $12.00 and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Finally, Morgan Stanley decreased their target price on shares of Domo from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Domo has a consensus rating of "Hold" and an average target price of $10.67.

Domo Price Performance

NASDAQ DOMO traded down $0.08 during trading hours on Monday, reaching $12.54. 49,018 shares of the stock traded hands, compared to its average volume of 421,965. The stock has a 50 day simple moving average of $8.34 and a two-hundred day simple moving average of $8.18. Domo has a 1 year low of $6.01 and a 1 year high of $13.28. The company has a market cap of $500.85 million, a price-to-earnings ratio of -5.73 and a beta of 1.67.

Insider Activity

In other Domo news, CEO Joshua G. James purchased 77,300 shares of Domo stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of $6.50 per share, for a total transaction of $502,450.00. Following the acquisition, the chief executive officer now directly owns 116,600 shares in the company, valued at approximately $757,900. This trade represents a 196.69% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel David Daniel III purchased 120,000 shares of the stock in a transaction on Friday, April 4th. The shares were acquired at an average cost of $6.44 per share, with a total value of $772,800.00. Following the transaction, the director now directly owns 781,400 shares in the company, valued at $5,032,216. The trade was a 18.14% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 15.24% of the company's stock.

Institutional Investors Weigh In On Domo

A number of large investors have recently made changes to their positions in the business. MetLife Investment Management LLC raised its holdings in shares of Domo by 9.5% during the first quarter. MetLife Investment Management LLC now owns 19,446 shares of the company's stock valued at $151,000 after acquiring an additional 1,681 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Domo by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company's stock worth $622,000 after purchasing an additional 1,826 shares in the last quarter. SG Americas Securities LLC raised its holdings in Domo by 19.1% in the 4th quarter. SG Americas Securities LLC now owns 13,987 shares of the company's stock worth $99,000 after purchasing an additional 2,247 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Domo by 5.0% in the 1st quarter. Rhumbline Advisers now owns 49,557 shares of the company's stock worth $385,000 after purchasing an additional 2,369 shares during the period. Finally, Diversify Wealth Management LLC boosted its stake in shares of Domo by 13.2% during the 1st quarter. Diversify Wealth Management LLC now owns 23,197 shares of the company's stock valued at $176,000 after purchasing an additional 2,705 shares in the last quarter. 76.64% of the stock is currently owned by institutional investors.

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.