Domo, Inc. (NASDAQ:DOMO) Receives $10.25 Average Price Target from Brokerages

Domo, Inc. (NASDAQ:DOMO - Get Free Report) has received a consensus rating of "Hold" from the seven research firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $10.25.

Several research firms have recently commented on DOMO. Cowen reiterated a "hold" rating on shares of Domo in a report on Friday, March 7th. DA Davidson upgraded Domo to a "hold" rating in a research report on Monday, March 10th. Morgan Stanley dropped their price objective on Domo from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Lake Street Capital decreased their target price on shares of Domo from $9.50 to $8.50 and set a "hold" rating on the stock in a research note on Friday, March 7th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $11.00 price target on shares of Domo in a research report on Thursday, March 20th.

Domo Trading Up 1.3 %

Shares of DOMO traded up $0.10 during midday trading on Friday, reaching $7.53. The stock had a trading volume of 188,203 shares, compared to its average volume of 360,353. The company has a market capitalization of $300.75 million, a price-to-earnings ratio of -3.44 and a beta of 2.28. Domo has a 12-month low of $6.01 and a 12-month high of $10.15. The company's 50-day moving average is $7.80 and its 200 day moving average is $8.00.

Domo (NASDAQ:DOMO - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The business had revenue of $78.77 million for the quarter, compared to analysts' expectations of $77.95 million. Research analysts forecast that Domo will post -2.1 EPS for the current fiscal year.

Insider Activity at Domo

In other news, CEO Joshua G. James acquired 77,300 shares of the business's stock in a transaction on 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 transaction, the chief executive officer now owns 116,600 shares in the company, valued at $757,900. The trade was a 196.69 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel David Daniel III bought 120,000 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was purchased 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 approximately $5,032,216. This represents a 18.14 % increase in their position. The disclosure for this purchase can be found here. 14.04% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Domo

Several hedge funds have recently made changes to their positions in DOMO. Diversify Wealth Management LLC lifted its position in Domo by 13.2% during the first quarter. Diversify Wealth Management LLC now owns 23,197 shares of the company's stock valued at $176,000 after buying an additional 2,705 shares during the period. Rockwood Wealth Management LLC increased its stake in shares of Domo by 55.7% in the 1st quarter. Rockwood Wealth Management LLC now owns 20,984 shares of the company's stock worth $163,000 after acquiring an additional 7,508 shares in the last quarter. Rhumbline Advisers increased its stake 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 acquiring an additional 2,369 shares in the last quarter. Mackenzie Financial Corp lifted its position in Domo by 127.0% during the 4th quarter. Mackenzie Financial Corp now owns 76,117 shares of the company's stock valued at $539,000 after acquiring an additional 42,581 shares during the period. Finally, Connective Capital Management LLC bought a new stake in Domo during the fourth quarter worth about $315,000. 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.