Domo (NASDAQ:DOMO) Earns "Sell (D-)" Rating from Weiss Ratings

Key Points

• Domo's stock received a "Sell (D-)" rating from Weiss Ratings, indicating potential concerns about its performance.
• Despite the negative rating from Weiss, other analysts like JMP Securities and Cowen have assigned a "market outperform" and "buy" rating, respectively, with a target price of up to $20.00.
• Domo reported a profit of $0.02 EPS for the last quarter, exceeding analysts' expectations, while also showing a year-over-year revenue growth of 1.7% to $79.72 million.

Domo (NASDAQ:DOMO - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities researchers at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

DOMO has been the subject of a number of other research reports. JMP Securities reissued a "market outperform" rating and set a $20.00 target price on shares of Domo in a research report on Wednesday, September 10th. Cowen raised shares of Domo from a "hold" rating to a "buy" rating in a research report on Tuesday, August 26th. DA Davidson increased 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. Lake Street Capital set a $16.00 price objective on shares of Domo and gave the company a "hold" rating in a research report on Thursday, August 28th. Finally, Cantor Fitzgerald increased their price objective on shares of Domo from $17.00 to $20.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $17.00.

Domo Stock Performance

DOMO opened at $13.67 on Friday. The firm has a 50 day moving average price of $15.03 and a 200 day moving average price of $13.07. The company has a market cap of $563.61 million, a PE ratio of -7.05 and a beta of 1.82. Domo has a 1 year low of $6.01 and a 1 year high of $18.49.

Domo (NASDAQ:DOMO - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.07. The business had revenue of $79.72 million for the quarter, compared to analyst estimates of $78.07 million. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the company 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. On average, sell-side analysts predict that Domo will post -2.1 earnings per share for the current year.

Insider Activity at Domo

In other news, Director Daniel David Daniel III sold 273,900 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was 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 is available through the SEC website. Company insiders own 15.24% of the company's stock.

Hedge Funds Weigh In On Domo

Several institutional investors and hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its stake 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 buying an additional 642 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Domo by 3.7% during the 2nd quarter. Franklin Resources Inc. now owns 23,759 shares of the company's stock valued at $332,000 after buying an additional 854 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Domo during the 3rd quarter valued at approximately $25,000. MetLife Investment Management LLC boosted its stake in shares of Domo by 9.5% during the 1st 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 during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Domo by 26.1% during the 2nd 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 during the last quarter. 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.

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