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

Key Points

• Domo, Inc. has received an average recommendation of “Moderate Buy” from nine analysts, with a target price of $17.00 for the next year.
• The company reported better-than-expected earnings of $0.02 EPS for the last quarter, surpassing the consensus estimate of ($0.05) EPS.
• Institutional investors hold 76.64% of Domo's stock, with significant recent increases in shareholdings from several large investors.

Shares of Domo, Inc. (NASDAQ:DOMO - Get Free Report) have been given an average recommendation of "Moderate Buy" by the nine analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $17.00.

Several equities analysts have commented on the stock. TD Cowen raised shares of Domo from a "hold" rating to a "buy" rating and raised their target price for the company from $13.00 to $21.00 in a research note on Tuesday, August 26th. Stephens assumed coverage on shares of Domo in a research report on Friday, July 18th. They set an "overweight" rating and a $19.00 price objective for the company. Cowen upgraded shares of Domo from a "hold" rating to a "buy" rating in a research report on Tuesday, August 26th. Citigroup restated an "outperform" rating on shares of Domo in a research report on Wednesday, June 25th. Finally, DA Davidson raised their price objective on shares of Domo from $9.00 to $15.00 and gave the company a "hold" rating in a research report on Thursday, August 28th.

Domo Trading Down 5.9%

Domo stock opened at $17.13 on Wednesday. The stock has a market cap of $706.27 million, a price-to-earnings ratio of -8.83 and a beta of 1.80. The company's 50-day moving average price is $15.63 and its two-hundred day moving average price is $12.11. Domo has a 52 week low of $6.01 and a 52 week high of $18.49.

Domo (NASDAQ:DOMO - Get Free Report) last released its earnings results on Wednesday, August 27th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.07. The company had revenue of $79.72 million for the quarter, compared to analyst estimates of $78.07 million. The firm's quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) EPS. Domo has set its FY 2026 guidance at -0.190--0.110 EPS. Q3 2026 guidance at -0.070--0.030 EPS. Research analysts expect that Domo will post -2.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Domo

Several large investors have recently made changes to their positions in DOMO. Nisa Investment Advisors LLC boosted its position in shares of 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 in the last quarter. Headlands Technologies LLC acquired a new position in shares of Domo in the second quarter worth about $42,000. FNY Investment Advisers LLC purchased a new position in shares of Domo in the second quarter worth approximately $49,000. AlphaQuest LLC raised its holdings in shares of Domo by 707.3% during the second quarter. AlphaQuest LLC now owns 6,604 shares of the company's stock valued at $92,000 after acquiring an additional 5,786 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Domo during the second quarter valued at approximately $122,000. Institutional investors 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.

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