DA Davidson Comments on Domo's Q1 Earnings (NASDAQ:DOMO)

Domo, Inc. (NASDAQ:DOMO - Free Report) - DA Davidson upped their Q1 2026 EPS estimates for shares of Domo in a research note issued on Tuesday, April 15th. DA Davidson analyst A. Platt now expects that the company will earn ($0.55) per share for the quarter, up from their prior estimate of ($0.56). DA Davidson has a "Hold" rating 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 FY2026 earnings at ($1.68) EPS and FY2027 earnings at ($1.54) EPS.

Several other equities research analysts have also issued reports on DOMO. Cowen reaffirmed a "hold" rating on shares of Domo in a research note on Friday, March 7th. Cantor Fitzgerald reissued an "overweight" rating and issued a $11.00 price objective on shares of Domo in a research note on Thursday, March 20th. Lake Street Capital lowered their price target on Domo from $9.50 to $8.50 and set a "hold" rating on the stock in a report on Friday, March 7th. Finally, Morgan Stanley reduced their price objective on shares of Domo from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $10.25.

Domo Price Performance

DOMO traded up $0.08 during midday trading on Thursday, hitting $6.90. 255,135 shares of the company's stock traded hands, compared to its average volume of 365,668. The company has a market cap of $275.55 million, a PE ratio of -3.15 and a beta of 2.28. Domo has a one year low of $6.01 and a one year high of $10.15. The stock's fifty day simple moving average is $8.02 and its 200-day simple moving average is $8.01.

Domo (NASDAQ:DOMO - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.26). The firm had revenue of $78.77 million for the quarter, compared to analyst estimates of $77.95 million.

Hedge Funds Weigh In On Domo

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in shares of Domo by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company's stock valued at $622,000 after buying an additional 1,826 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Domo by 19.1% in the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company's stock valued at $99,000 after acquiring an additional 2,247 shares during the last quarter. Rhumbline Advisers grew its holdings in Domo by 5.0% during the first 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. Barclays PLC lifted its holdings in shares of Domo by 3.7% during the 4th quarter. Barclays PLC now owns 82,573 shares of the company's stock worth $584,000 after acquiring an additional 2,962 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of 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 in the last quarter. Institutional investors own 76.64% of the company's stock.

Insider Activity

In other Domo news, Director Daniel David Daniel III purchased 120,000 shares of the stock in a transaction on Friday, April 4th. The shares were purchased at an average price of $6.44 per share, with a total value of $772,800.00. Following the acquisition, the director now directly owns 781,400 shares of the company's stock, valued at $5,032,216. This represents a 18.14 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joshua G. James acquired 77,300 shares of Domo stock in a transaction dated Friday, April 4th. The shares were acquired at an average cost of $6.50 per share, with a total value of $502,450.00. Following the completion of the acquisition, the chief executive officer now directly owns 116,600 shares in the company, valued at $757,900. This trade represents a 196.69 % increase in their position. The disclosure for this purchase can be found here. 14.04% of the stock is owned by company insiders.

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.