Domo (NASDAQ:DOMO) Given New $20.00 Price Target at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has raised its price target for Domo from $17.00 to $20.00, while maintaining an "overweight" rating, indicating a potential upside of 13.83% from the previous close.
• Domo recently reported earnings of $0.02 per share for the quarter, beating expectations, with revenues of $79.72 million, marking a 1.7% annual increase.
• CEO Joshua G. James purchased 13,025 shares of Domo stock, increasing his ownership, reflecting confidence in the company's future performance.

Domo (NASDAQ:DOMO - Get Free Report) had its target price upped by research analysts at Cantor Fitzgerald from $17.00 to $20.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Cantor Fitzgerald's price objective would suggest a potential upside of 13.83% from the stock's previous close.

DOMO has been the subject of a number of other reports. DA Davidson boosted their target price on shares of Domo from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Stephens assumed coverage on shares of Domo in a research report on Friday, July 18th. They issued 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. Lake Street Capital reiterated a "hold" rating and issued a $9.00 price objective (up previously from $8.50) on shares of Domo in a research report on Thursday, May 22nd. Finally, Wall Street Zen cut Domo from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $15.14.

Domo Price Performance

Shares of DOMO opened at $17.57 on Thursday. The firm has a market capitalization of $707.02 million, a PE ratio of -9.30 and a beta of 1.87. Domo has a 1-year low of $6.01 and a 1-year high of $17.88. The company's fifty day moving average price is $14.80 and its 200-day moving average price is $11.06.

Domo (NASDAQ:DOMO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.07. The company had revenue of $79.72 million for the quarter, compared to analysts' expectations of $78.07 million. Domo's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) earnings per share. 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 anticipate that Domo will post -2.1 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Joshua G. James purchased 13,025 shares of Domo stock in a transaction that occurred on Friday, June 20th. The stock was purchased at an average price of $12.74 per share, for a total transaction of $165,938.50. Following the transaction, the chief executive officer directly owned 1,079,972 shares in the company, valued at approximately $13,758,843.28. This trade represents a 1.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 15.24% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised 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 worth $26,000 after purchasing an additional 642 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Domo during the 2nd quarter worth about $42,000. FNY Investment Advisers LLC acquired a new position in shares of Domo during the 2nd quarter worth about $49,000. AlphaQuest LLC raised its position in shares of Domo by 707.3% during the 2nd quarter. AlphaQuest LLC now owns 6,604 shares of the company's stock worth $92,000 after purchasing an additional 5,786 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Domo during the 2nd quarter worth about $122,000. Institutional investors and hedge funds own 76.64% of the company's stock.

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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