Domo, Inc. (NASDAQ:DOMO) Receives $12.17 Consensus Target Price from Brokerages

Domo, Inc. (NASDAQ:DOMO - Get Free Report) has been given a consensus recommendation of "Hold" by the eight brokerages that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $12.17.

A number of research analysts recently commented on DOMO shares. DA Davidson boosted their price objective on shares of Domo from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Wall Street Zen raised shares of Domo from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Lake Street Capital reaffirmed a "hold" rating and set a $9.00 price objective (up from $8.50) on shares of Domo in a research report on Thursday, May 22nd. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $17.00 price objective on shares of Domo in a research report on Wednesday, June 25th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Domo in a research report on Wednesday, June 25th.

Domo Stock Down 2.1%

Shares of DOMO stock traded down $0.29 during trading hours on Friday, reaching $13.44. 489,910 shares of the stock traded hands, compared to its average volume of 414,962. Domo has a 1-year low of $6.01 and a 1-year high of $15.42. The business has a fifty day moving average price of $12.13 and a 200 day moving average price of $9.33. The firm has a market capitalization of $540.83 million, a PE ratio of -7.11 and a beta of 1.84.

Domo (NASDAQ:DOMO - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.10. The firm had revenue of $80.11 million for the quarter, compared to analyst estimates of $77.75 million. During the same quarter in the prior year, the firm earned ($0.33) EPS. The firm's revenue was up .0% compared to the same quarter last year. Research analysts expect that Domo will post -2.1 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Domo

Large investors have recently added to or reduced their stakes in the business. Pilgrim Partners Asia Pte Ltd bought a new stake in Domo in the fourth quarter worth approximately $47,000. Riggs Capital Management LLC bought a new stake in Domo in the fourth quarter worth approximately $85,000. Intech Investment Management LLC bought a new stake in Domo in the fourth quarter worth approximately $103,000. Wells Fargo & Company MN grew its position in Domo by 29.2% in the fourth quarter. Wells Fargo & Company MN now owns 17,696 shares of the company's stock worth $125,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Domo in the fourth quarter worth approximately $127,000. 76.64% of the stock is owned by institutional investors.

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.