Domo, Inc. (NASDAQ:DOMO) Given Consensus Recommendation of "Hold" by Analysts

Shares of Domo, Inc. (NASDAQ:DOMO - Get Free Report) have earned an average recommendation of "Hold" from the eight brokerages that are covering the stock, 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 1 year target price among brokerages that have issued ratings on the stock in the last year is $12.17.

A number of analysts have weighed in on DOMO shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $17.00 price target on shares of Domo in a report on Wednesday, June 25th. Cowen reiterated a "hold" rating on shares of Domo in a report on Thursday, May 22nd. DA Davidson increased their price target on Domo from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Citigroup reiterated an "outperform" rating on shares of Domo in a report on Wednesday, June 25th. Finally, Wall Street Zen upgraded Domo from a "hold" rating to a "buy" rating in a report on Saturday, May 24th.

Domo Stock Down 3.7%

Shares of NASDAQ:DOMO opened at $14.43 on Friday. The firm has a market cap of $580.66 million, a P/E ratio of -7.63 and a beta of 1.84. Domo has a 12-month low of $6.01 and a 12-month high of $15.42. The business has a fifty day simple moving average of $12.01 and a 200 day simple moving average of $9.26.

Domo (NASDAQ:DOMO - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.10. The company had revenue of $80.11 million for the quarter, compared to the consensus estimate of $77.75 million. The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.33) earnings per share. As a group, equities research analysts expect that Domo will post -2.1 EPS for the current year.

Insider Activity at Domo

In other news, CEO Joshua G. James bought 13,025 shares of Domo stock in a transaction dated Friday, June 20th. The stock was bought at an average cost of $12.74 per share, for a total transaction of $165,938.50. Following the purchase, the chief executive officer directly owned 1,079,972 shares in the company, valued at approximately $13,758,843.28. This represents a 1.22% increase in their position. The purchase 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 corporate insiders.

Institutional Trading of Domo

Several large investors have recently made changes to their positions in the company. MetLife Investment Management LLC grew its stake in shares of Domo by 9.5% in the 1st quarter. MetLife Investment Management LLC now owns 19,446 shares of the company's stock valued at $151,000 after buying an additional 1,681 shares during the period. Bank of New York Mellon Corp boosted its stake in Domo by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company's stock valued at $622,000 after purchasing an additional 1,826 shares during the last quarter. Rhumbline Advisers boosted its stake in Domo by 5.0% during the 1st quarter. Rhumbline Advisers now owns 49,557 shares of the company's stock valued at $385,000 after purchasing an additional 2,369 shares during the last quarter. Diversify Wealth Management LLC boosted its stake in Domo by 13.2% during the 1st quarter. Diversify Wealth Management LLC now owns 23,197 shares of the company's stock valued at $176,000 after purchasing an additional 2,705 shares during the last quarter. Finally, Barclays PLC boosted its stake in Domo by 3.7% during the 4th quarter. Barclays PLC now owns 82,573 shares of the company's stock valued at $584,000 after purchasing an additional 2,962 shares during the last quarter. 76.64% of the stock is currently owned by institutional investors and hedge funds.

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.

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