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

Key Points

• Analysts have given Domo a consensus recommendation of "Hold" from nine firms (3 sell, 3 hold, 2 buy, 1 strong buy) with an average 12‑month price target of $8.64.
• Domo's latest quarter showed an EPS of ($0.19), missing estimates by $0.16 while revenue of $79.63M was roughly in line and up 1% year‑over‑year; analysts expect FY EPS of about -2.1.
• The stock is trading near its 52‑week low (opened at $2.42), with a 50‑day/200‑day moving average of $3.94/$8.41, a market cap of about $101.16 million, and institutional ownership around 76.6%.

Domo, Inc. (NASDAQ:DOMO - Get Free Report) has earned a consensus recommendation of "Hold" from the nine ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $8.6429.

A number of brokerages recently issued reports on DOMO. Wall Street Zen downgraded shares of Domo from a "buy" rating to a "hold" rating in a report on Sunday, March 29th. Citizens Jmp reissued an "underperform" rating and set a $3.50 price target on shares of Domo in a report on Friday, February 13th. Lake Street Capital lowered their price target on shares of Domo from $13.00 to $7.00 and set a "hold" rating on the stock in a report on Wednesday, March 11th. Cantor Fitzgerald lowered their price target on shares of Domo from $13.00 to $8.00 and set an "overweight" rating on the stock in a report on Wednesday, March 11th. Finally, TD Cowen lowered their price target on shares of Domo from $16.00 to $9.00 and set a "buy" rating on the stock in a report on Friday, February 20th.

Domo Stock Performance

Shares of NASDAQ DOMO opened at $2.42 on Friday. The company's fifty day moving average price is $3.94 and its 200 day moving average price is $8.41. Domo has a 1 year low of $2.41 and a 1 year high of $18.49. The company has a market capitalization of $101.16 million, a PE ratio of -1.67 and a beta of 1.75.

Domo (NASDAQ:DOMO - Get Free Report) last announced its quarterly earnings results on Tuesday, March 10th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.16). The company had revenue of $79.63 million for the quarter, compared to analysts' expectations of $78.65 million. The company's quarterly revenue was up 1% compared to the same quarter last year. On average, equities analysts expect that Domo will post -2.1 EPS for the current year.

Hedge Funds Weigh In On Domo

A number of large investors have recently added to or reduced their stakes in the stock. RPD Fund Management LLC raised its position in Domo by 11,294.3% during the fourth quarter. RPD Fund Management LLC now owns 3,623,400 shares of the company's stock worth $30,545,000 after acquiring an additional 3,591,600 shares during the period. Capital Research Global Investors raised its position in Domo by 8.2% during the fourth quarter. Capital Research Global Investors now owns 2,975,558 shares of the company's stock worth $25,084,000 after acquiring an additional 225,558 shares during the period. Portolan Capital Management LLC raised its position in Domo by 142.3% during the third quarter. Portolan Capital Management LLC now owns 2,684,753 shares of the company's stock worth $42,526,000 after acquiring an additional 1,576,884 shares during the period. AIGH Capital Management LLC raised its position in Domo by 37.0% during the fourth quarter. AIGH Capital Management LLC now owns 1,837,762 shares of the company's stock worth $15,492,000 after acquiring an additional 496,244 shares during the period. Finally, State Street Corp raised its position in Domo by 33.9% during the fourth quarter. State Street Corp now owns 1,285,753 shares of the company's stock worth $10,839,000 after acquiring an additional 325,239 shares during the period. 76.64% of the stock is currently owned by institutional investors and hedge funds.

About Domo

Domo, Inc NASDAQ: DOMO is a cloud-based software company that specializes in business intelligence and data analytics. The company's flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise.

Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific.

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