Domo, Inc. (NASDAQ:DOMO) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Domo, Inc. has received a consensus rating of "Moderate Buy", with five analysts recommending a hold, three a buy, and one a strong buy.
• The average one-year target price set by analysts for Domo's stock is $13.14, while recent reports have suggested targets as high as $20.00.
• Insider trading activity includes CEO Joshua G. James purchasing 13,025 shares at an average cost of $12.74 per share, increasing his ownership position in the company.

Shares of Domo, Inc. (NASDAQ:DOMO - Get Free Report) have received a consensus rating of "Moderate Buy" from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $13.1429.

DOMO has been the subject of several research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $17.00 price target on shares of Domo in a report on Wednesday, June 25th. Stephens initiated coverage on shares of Domo in a report on Friday, July 18th. They issued an "overweight" rating and a $19.00 price target for the company. JMP Securities lifted their price target on shares of Domo from $16.00 to $20.00 and gave the company a "market outperform" rating in a report on Wednesday, June 25th. Wall Street Zen raised shares of Domo from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Finally, DA Davidson lifted their price target on shares of Domo from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday, May 22nd.

Domo Stock Performance

Shares of DOMO stock opened at $16.69 on Tuesday. Domo has a one year low of $6.01 and a one year high of $16.94. The company's 50-day simple moving average is $14.27 and its 200-day simple moving average is $10.29. The stock has a market capitalization of $671.61 million, a price-to-earnings ratio of -8.83 and a beta of 1.87.

Domo (NASDAQ:DOMO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported ($0.09) 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. During the same period in the previous year, the business posted ($0.33) EPS. The business's revenue for the quarter was up .0% on a year-over-year basis. As a group, research analysts forecast that Domo will post -2.1 EPS for the current year.

Insider Transactions at Domo

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its stake in Domo by 53.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,838 shares of the company's stock valued at $26,000 after purchasing an additional 642 shares during the period. FNY Investment Advisers LLC acquired a new position in Domo during the 2nd quarter valued at about $49,000. AlphaQuest LLC boosted its stake in Domo by 707.3% during the 2nd quarter. AlphaQuest LLC now owns 6,604 shares of the company's stock valued at $92,000 after purchasing an additional 5,786 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Domo by 29.2% in the 4th 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 during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of Domo in the 4th quarter worth approximately $127,000. 76.64% of the stock is owned by institutional investors and hedge funds.

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.

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