Domo (NASDAQ:DOMO) Given "Overweight" Rating at Cantor Fitzgerald

Domo (NASDAQ:DOMO - Get Free Report)'s stock had its "overweight" rating restated by Cantor Fitzgerald in a research report issued on Wednesday,Benzinga reports. They presently have a $17.00 price objective on the stock. Cantor Fitzgerald's price target indicates a potential upside of 30.77% from the stock's current price.

A number of other equities research analysts have also issued reports on DOMO. JMP Securities reissued a "market outperform" rating and set a $16.00 price target on shares of Domo in a research note on Thursday, May 22nd. Morgan Stanley reduced their target price on Domo from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Cowen reissued a "hold" rating on shares of Domo in a research note on Thursday, May 22nd. Lake Street Capital restated a "hold" rating and issued a $9.00 price target (up from $8.50) on shares of Domo in a report on Thursday, May 22nd. Finally, Wall Street Zen upgraded shares of Domo from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $11.50.

Domo Trading Up 6.9%

Shares of DOMO opened at $13.00 on Wednesday. The company's fifty day simple moving average is $10.29 and its 200-day simple moving average is $8.70. The company has a market cap of $523.12 million, a P/E ratio of -6.88 and a beta of 1.84. Domo has a twelve month low of $6.01 and a twelve month high of $14.83.

Domo (NASDAQ:DOMO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.19) by $0.10. The firm had revenue of $80.11 million during the quarter, compared to analysts' expectations of $77.75 million. The business's revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the company earned ($0.33) earnings per share. Analysts predict that Domo will post -2.1 earnings per share for the current fiscal year.

Insider Transactions at Domo

In other Domo news, CEO Joshua G. James acquired 13,025 shares of the company's stock in a transaction dated Friday, June 20th. The shares were purchased at an average cost of $12.74 per share, for a total transaction of $165,938.50. Following the completion of the purchase, the chief executive officer now owns 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Daniel David Daniel III acquired 120,000 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of $6.44 per share, for a total transaction of $772,800.00. Following the completion of the acquisition, the director now owns 781,400 shares of the company's stock, valued at $5,032,216. This trade represents a 18.14% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 210,325 shares of company stock valued at $1,441,189. 15.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DOMO. Vanguard Group Inc. boosted its position in Domo by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 5,107,851 shares of the company's stock valued at $36,164,000 after purchasing an additional 36,029 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Domo by 9.4% during the fourth quarter. Ameriprise Financial Inc. now owns 3,287,833 shares of the company's stock valued at $23,278,000 after buying an additional 282,943 shares during the last quarter. RPD Fund Management LLC purchased a new stake in shares of Domo during the fourth quarter valued at about $15,449,000. Acadian Asset Management LLC boosted its holdings in shares of Domo by 3.0% in the 1st quarter. Acadian Asset Management LLC now owns 1,415,884 shares of the company's stock valued at $10,987,000 after buying an additional 41,194 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Domo by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 770,810 shares of the company's stock valued at $5,458,000 after buying an additional 11,457 shares in 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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