Analysts Set Domo, Inc. (NASDAQ:DOMO) PT at $17.00

Key Points

• Domo, Inc. has received a consensus rating of "Moderate Buy" from nine research firms, with an average 12-month price target of $17.00.
• In its latest earnings report, Domo exceeded expectations with $0.02 EPS and revenue of $79.72 million, marking a 1.7% increase year-over-year.
• Institutional investors own 76.64% of Domo's stock, reflecting increased interest from hedge funds in the company's performance.

Shares of Domo, Inc. (NASDAQ:DOMO - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the nine research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $17.00.

A number of equities analysts have recently commented on DOMO shares. Stephens started coverage on shares of Domo in a research report on Friday, July 18th. They set an "overweight" rating and a $19.00 target price on the stock. Cantor Fitzgerald lifted their price objective on shares of Domo from $17.00 to $20.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. JMP Securities lifted their price objective on shares of Domo from $16.00 to $20.00 and gave the company a "market outperform" rating in a report on Wednesday, June 25th. DA Davidson lifted their price objective on shares of Domo from $9.00 to $15.00 and gave the company a "hold" rating in a report on Thursday, August 28th. Finally, TD Cowen raised shares of Domo from a "hold" rating to a "buy" rating and lifted their price objective for the company from $13.00 to $21.00 in a report on Tuesday, August 26th.

Insider Transactions at Domo

In other Domo news, CEO Joshua G. James acquired 13,025 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were bought at an average cost of $12.74 per share, with a total value of $165,938.50. Following the completion of the acquisition, the chief executive officer directly owned 1,079,972 shares in the company, valued at $13,758,843.28. This represents a 1.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Domo

Several institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in Domo by 53.7% during the second quarter. Nisa Investment Advisors LLC now owns 1,838 shares of the company's stock valued at $26,000 after purchasing an additional 642 shares during the period. Headlands Technologies LLC acquired a new position in Domo during the second quarter valued at $42,000. FNY Investment Advisers LLC purchased a new position in Domo in the second quarter valued at $49,000. AlphaQuest LLC increased its holdings in Domo by 707.3% in the second quarter. AlphaQuest LLC now owns 6,604 shares of the company's stock valued at $92,000 after buying an additional 5,786 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Domo in the second quarter valued at $122,000. 76.64% of the stock is currently owned by institutional investors and hedge funds.

Domo Stock Down 0.1%

Domo stock traded down $0.01 during midday trading on Friday, reaching $14.20. The stock had a trading volume of 338,753 shares, compared to its average volume of 549,439. Domo has a 52-week low of $6.01 and a 52-week high of $17.88. The firm has a market cap of $571.41 million, a price-to-earnings ratio of -7.32 and a beta of 1.80. The company has a fifty day moving average of $14.96 and a 200 day moving average of $11.23.

Domo (NASDAQ:DOMO - Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.07. The company had revenue of $79.72 million for the quarter, compared to analysts' expectations of $78.07 million. The business's revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business posted ($0.07) earnings per share. Domo has set its FY 2026 guidance at -0.190--0.110 EPS. Q3 2026 guidance at -0.070--0.030 EPS. Equities research analysts predict that Domo will post -2.1 EPS for the current year.

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.