Brokerages Set Domo, Inc. (NASDAQ:DOMO) Price Target at $10.67

Shares of Domo, Inc. (NASDAQ:DOMO - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven analysts that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $10.67.

A number of analysts have weighed in on DOMO shares. Morgan Stanley lowered 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. Lake Street Capital reaffirmed a "hold" rating and issued a $9.00 target price (up previously from $8.50) on shares of Domo in a report on Thursday, May 22nd. JMP Securities reiterated a "market outperform" rating and set a $16.00 target price on shares of Domo in a research report on Thursday, May 22nd. Cowen reissued a "hold" rating on shares of Domo in a report on Thursday, May 22nd. Finally, Wall Street Zen raised shares of Domo from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th.

Domo Price Performance

Shares of NASDAQ:DOMO traded down $0.63 during trading on Monday, hitting $13.08. 364,017 shares of the stock were exchanged, compared to its average volume of 395,707. Domo has a 1-year low of $6.01 and a 1-year high of $14.83. The company's fifty day simple moving average is $9.75 and its 200-day simple moving average is $8.55.

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

Insider Transactions at Domo

In other news, CEO Joshua G. James acquired 77,300 shares of the company's stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of $6.50 per share, with a total value of $502,450.00. Following the acquisition, the chief executive officer now owns 116,600 shares of the company's stock, valued at $757,900. This trade represents a 196.69% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel David Daniel III purchased 120,000 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of $6.44 per share, with a total value of $772,800.00. Following the completion of the purchase, the director now owns 781,400 shares of the company's stock, valued at $5,032,216. The trade was a 18.14% increase in their ownership of the stock. The disclosure for this purchase can be found here. 15.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Pilgrim Partners Asia Pte Ltd bought a new position in Domo during the fourth quarter worth about $47,000. Riggs Capital Management LLC bought a new position in Domo during the 4th quarter worth approximately $85,000. Intech Investment Management LLC acquired a new position in Domo during the fourth quarter valued at approximately $103,000. Wells Fargo & Company MN grew its holdings in Domo by 29.2% during the fourth quarter. Wells Fargo & Company MN now owns 17,696 shares of the company's stock valued at $125,000 after purchasing an additional 4,000 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of Domo during the fourth quarter worth $127,000. Institutional investors and hedge funds own 76.64% of the company's stock.

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.