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

Key Points

• Domo, Inc. has received a consensus rating of "Moderate Buy" from analysts, with a range of ratings that include one sell, three hold, five buy, and one strong buy. The average price target is set at $17.00.
• Several analysts have recently increased their price targets for Domo, with TD Cowen raising it from $13.00 to $21.00 and Cantor Fitzgerald increasing it from $17.00 to $20.00.
• Director Daniel David Daniel III sold 273,900 shares of Domo at an average price of $15.26, signaling significant insider trading activity, while 76.64% of the stock is owned by institutional investors.

Domo, Inc. (NASDAQ:DOMO - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $17.00.

Several research analysts recently issued reports on DOMO shares. TD Cowen raised shares of Domo from a "hold" rating to a "buy" rating and increased their price target for the stock from $13.00 to $21.00 in a report on Tuesday, August 26th. Cantor Fitzgerald increased their price target on shares of Domo from $17.00 to $20.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Wall Street Zen raised shares of Domo from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. JMP Securities reissued a "market outperform" rating and set a $20.00 price target on shares of Domo in a report on Wednesday, September 10th. Finally, Stephens started coverage on shares of Domo in a report on Friday, July 18th. They set an "overweight" rating and a $19.00 price target for the company.

Insider Transactions at Domo

In related news, Director Daniel David Daniel III sold 273,900 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $15.26, for a total transaction of $4,179,714.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 15.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its holdings in Domo by 53.7% in the second quarter. Nisa Investment Advisors LLC now owns 1,838 shares of the company's stock valued at $26,000 after buying an additional 642 shares in the last quarter. Franklin Resources Inc. increased its holdings in Domo by 3.7% in the second quarter. Franklin Resources Inc. now owns 23,759 shares of the company's stock valued at $332,000 after buying an additional 854 shares in the last quarter. MetLife Investment Management LLC increased its holdings in Domo by 9.5% in the first 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Domo by 26.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,181 shares of the company's stock valued at $142,000 after buying an additional 2,109 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Domo by 5.0% in the first quarter. Rhumbline Advisers now owns 49,557 shares of the company's stock valued at $385,000 after buying an additional 2,369 shares in the last quarter. 76.64% of the stock is owned by hedge funds and other institutional investors.

Domo Stock Performance

Shares of NASDAQ:DOMO opened at $12.29 on Friday. The company has a 50-day simple moving average of $15.14 and a 200-day simple moving average of $12.90. Domo has a one year low of $6.01 and a one year high of $18.49. The stock has a market capitalization of $506.72 million, a price-to-earnings ratio of -6.34 and a beta of 1.82.

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

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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