Domo (NASDAQ:DOMO) Now Covered by Analysts at Stephens

Stephens started coverage on shares of Domo (NASDAQ:DOMO - Free Report) in a report published on Friday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $19.00 price target on the stock.

DOMO has been the topic of a number of other research reports. Cowen reissued a "hold" rating on shares of Domo in a report on Thursday, May 22nd. Lake Street Capital reissued a "hold" rating and issued a $9.00 price target (up previously from $8.50) on shares of Domo in a report on Thursday, May 22nd. Morgan Stanley cut their price target on shares of Domo from $9.00 to $8.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Citigroup reissued an "outperform" rating on shares of Domo in a report on Wednesday, June 25th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $17.00 price target on shares of Domo in a report on Wednesday, June 25th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $13.14.

Domo Stock Performance

Domo stock traded up $1.93 during midday trading on Friday, reaching $16.29. 1,362,407 shares of the stock were exchanged, compared to its average volume of 421,651. The company's fifty day moving average is $12.78 and its 200-day moving average is $9.55. The firm has a market cap of $655.43 million, a PE ratio of -8.62 and a beta of 1.84. Domo has a 52 week low of $6.01 and a 52 week high of $16.41.

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 analysts' consensus estimates of ($0.19) by $0.10. The company had revenue of $80.11 million during the quarter, compared to the consensus estimate of $77.75 million. Domo's quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.33) EPS. On average, sell-side analysts anticipate that Domo will post -2.1 earnings per share for the current fiscal year.

Insider Activity

In other Domo news, CEO Joshua G. James bought 13,025 shares of the stock in a transaction dated Friday, June 20th. The shares were acquired at an average cost of $12.74 per share, for a total transaction of $165,938.50. Following the completion of the transaction, the chief executive officer owned 1,079,972 shares in the company, valued at approximately $13,758,843.28. The trade was a 1.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 15.24% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pilgrim Partners Asia Pte Ltd acquired a new stake in Domo during the 4th quarter worth approximately $47,000. Riggs Capital Management LLC acquired a new stake in Domo in the fourth quarter valued at approximately $85,000. Intech Investment Management LLC acquired a new stake in Domo in the fourth quarter valued at approximately $103,000. Wells Fargo & Company MN grew its position in Domo by 29.2% in the fourth quarter. Wells Fargo & Company MN now owns 17,696 shares of the company's stock valued at $125,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Domo in the fourth quarter valued at approximately $127,000. 76.64% of the stock is currently owned by hedge funds and other institutional investors.

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.