Domo, Inc. (NASDAQ:DOMO) Receives $12.17 Average Target Price from Analysts

Domo, Inc. (NASDAQ:DOMO - Get Free Report) has earned a consensus rating of "Hold" from the eight analysts that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $12.17.

DOMO has been the topic of a number of recent research reports. Citigroup reiterated an "outperform" rating on shares of Domo in a research report on Wednesday, June 25th. Cowen reiterated a "hold" rating on shares of Domo in a research report on Thursday, May 22nd. Lake Street Capital reiterated a "hold" rating and issued a $9.00 price objective (up from $8.50) on shares of Domo in a research report on Thursday, May 22nd. Morgan Stanley reduced their price target on Domo from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, DA Davidson raised their price target on Domo from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd.

Insider Buying and Selling

In related news, CEO Joshua G. James acquired 13,025 shares of the business's stock in a transaction dated Friday, June 20th. The shares were bought at an average price of $12.74 per share, with a total value of $165,938.50. Following the transaction, the chief executive officer directly owned 1,079,972 shares of the company's stock, valued at $13,758,843.28. This trade represents a 1.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 15.24% of the company's stock.

Hedge Funds Weigh In On Domo

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MetLife Investment Management LLC boosted its position in shares of Domo by 9.5% during the 1st quarter. MetLife Investment Management LLC now owns 19,446 shares of the company's stock worth $151,000 after purchasing an additional 1,681 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of 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 acquiring an additional 1,826 shares during the last quarter. Rhumbline Advisers raised its holdings 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 during the last quarter. Diversify Wealth Management LLC raised its holdings in shares of Domo by 13.2% in the 1st quarter. Diversify Wealth Management LLC now owns 23,197 shares of the company's stock worth $176,000 after acquiring an additional 2,705 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Domo by 3.7% in 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 last quarter. Institutional investors own 76.64% of the company's stock.

Domo Price Performance

Shares of DOMO traded down $0.70 on Friday, hitting $13.73. The company's stock had a trading volume of 653,300 shares, compared to its average volume of 414,898. The company has a market capitalization of $552.50 million, a PE ratio of -7.26 and a beta of 1.84. Domo has a fifty-two week low of $6.01 and a fifty-two week high of $15.42. The company has a 50 day moving average price of $12.13 and a 200 day moving average price of $9.30.

Domo (NASDAQ:DOMO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.19) by $0.10. The firm had revenue of $80.11 million during the quarter, compared to the consensus estimate of $77.75 million. The firm's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.33) earnings per share. On average, equities 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.