Domo, Inc. (NASDAQ:DOMO) Given Consensus Rating of "Hold" by Brokerages

Shares of Domo, Inc. (NASDAQ:DOMO - Get Free Report) have been given a consensus rating of "Hold" by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $10.67.

DOMO has been the topic of several recent analyst reports. DA Davidson boosted their price target on Domo from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Thursday. Wall Street Zen raised Domo from a "hold" rating to a "buy" rating in a research note on Saturday. Morgan Stanley decreased their price target on Domo from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Cowen reaffirmed a "hold" rating on shares of Domo in a research note on Thursday. Finally, Lake Street Capital reaffirmed a "hold" rating and issued a $9.00 price target (up previously from $8.50) on shares of Domo in a research note on Thursday.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Domo by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 5,107,851 shares of the company's stock valued at $36,164,000 after purchasing an additional 36,029 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Domo during the fourth quarter valued at about $173,000. Semanteon Capital Management LP acquired a new stake in shares of Domo during the fourth quarter valued at about $217,000. JPMorgan Chase & Co. boosted its stake in shares of Domo by 22.7% during the fourth quarter. JPMorgan Chase & Co. now owns 643,062 shares of the company's stock valued at $4,553,000 after purchasing an additional 118,957 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Domo by 3.7% during the fourth quarter. Barclays PLC now owns 82,573 shares of the company's stock valued at $584,000 after purchasing an additional 2,962 shares in the last quarter. 76.64% of the stock is currently owned by institutional investors and hedge funds.

Domo Stock Up 4.6%

DOMO stock traded up $0.50 during midday trading on Thursday, hitting $11.35. 1,530,272 shares of the company traded hands, compared to its average volume of 371,469. Domo has a twelve month low of $6.01 and a twelve month high of $11.68. The business has a 50 day simple moving average of $8.03 and a 200-day simple moving average of $8.08. The stock has a market capitalization of $453.32 million, a price-to-earnings ratio of -5.18 and a beta of 1.67.

Domo (NASDAQ:DOMO - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.10. The business had revenue of $80.11 million for the quarter, compared to the consensus estimate of $77.75 million. During the same quarter in the previous year, the company earned ($0.33) EPS. Domo's revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts forecast 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.