Domo, Inc. (NASDAQ:DOMO - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $15.09 and last traded at $14.79, with a volume of 144039 shares changing hands. The stock had previously closed at $14.54.
Analyst Upgrades and Downgrades
Several brokerages recently commented on DOMO. Citigroup reaffirmed an "outperform" rating on shares of Domo in a research report on Wednesday, June 25th. Morgan Stanley reduced their price target on shares of Domo from $9.00 to $8.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. JMP Securities lifted their target price on shares of Domo from $16.00 to $20.00 and gave the company a "market outperform" rating in a report on Wednesday, June 25th. Lake Street Capital reaffirmed a "hold" rating and set a $9.00 target price (up from $8.50) on shares of Domo in a report on Thursday, May 22nd. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $17.00 target price on shares of Domo in a report on Wednesday, June 25th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Domo currently has a consensus rating of "Hold" and a consensus price target of $12.17.
Check Out Our Latest Stock Analysis on DOMO
Domo Stock Performance
The stock has a market cap of $596.96 million, a PE ratio of -7.85 and a beta of 1.84. The stock's 50-day moving average is $11.42 and its two-hundred day moving average is $9.07.
Domo (NASDAQ:DOMO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.19) by $0.10. The firm had revenue of $80.11 million during the quarter, compared to analyst estimates of $77.75 million. During the same quarter in the previous year, the business posted ($0.33) earnings per share. Domo's revenue for the quarter was up .0% compared to the same quarter last year. Analysts forecast that Domo, Inc. will post -2.1 EPS for the current year.
Insider Transactions at Domo
In other Domo news, CEO Joshua G. James bought 13,025 shares of the business's stock in a transaction dated Friday, June 20th. The shares were acquired at an average price of $12.74 per share, with a total value of $165,938.50. Following the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 15.24% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in DOMO. RPD Fund Management LLC purchased a new position in Domo during the fourth quarter valued at approximately $15,449,000. AIGH Capital Management LLC bought a new stake in Domo during the 1st quarter worth about $5,832,000. Ameriprise Financial Inc. lifted its position in Domo by 9.4% during the 4th quarter. Ameriprise Financial Inc. now owns 3,287,833 shares of the company's stock valued at $23,278,000 after purchasing an additional 282,943 shares during the period. CenterBook Partners LP acquired a new position in Domo during the 4th quarter valued at about $1,586,000. Finally, Nuveen LLC acquired a new stake in shares of Domo in the 1st quarter valued at approximately $1,248,000. 76.64% of the stock is owned by institutional investors and hedge funds.
About Domo
(
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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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