Domo (NASDAQ:DOMO) Sets New 12-Month High - Here's What Happened

Key Points

• Domo's share price achieved a new 52-week high of $17.90, demonstrating strong trading activity with approximately 292,752 shares exchanged.
• Analyst ratings for Domo range from "Strong Buy" to "Hold," with a consensus price target of $17.00 and recent significant upgrades from firms like TD Cowen.
• The company reported $0.02 earnings per share, exceeding expectations and reflecting a 1.7% year-over-year revenue increase, although analysts predict negative earnings for the current fiscal year.

Domo, Inc. (NASDAQ:DOMO - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $17.90 and last traded at $17.84, with a volume of 292752 shares changing hands. The stock had previously closed at $17.15.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DOMO shares. Wall Street Zen raised Domo from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Citigroup reissued an "outperform" rating on shares of Domo in a research note on Wednesday, June 25th. TD Cowen raised Domo from a "hold" rating to a "buy" rating and boosted their price target for the company from $13.00 to $21.00 in a research note on Tuesday, August 26th. JMP Securities reissued a "market outperform" rating and issued a $20.00 price target on shares of Domo in a research note on Wednesday, September 10th. Finally, Cowen raised Domo from a "hold" rating to a "buy" rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Domo currently has a consensus rating of "Moderate Buy" and an average price target of $17.00.

Domo Stock Up 0.8%

The company has a fifty day moving average of $15.47 and a two-hundred day moving average of $12.01.

Domo (NASDAQ:DOMO - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.07. The company had revenue of $79.72 million during the quarter, compared to analyst estimates of $78.07 million. During the same quarter last year, the firm posted ($0.07) earnings per share. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. Domo has set its FY 2026 guidance at -0.190--0.110 EPS. Q3 2026 guidance at -0.070--0.030 EPS. Analysts predict that Domo, Inc. will post -2.1 earnings per share for the current year.

Institutional Investors Weigh In On Domo

Several hedge funds have recently modified their holdings of the business. Stark Wealth Management LLC bought a new stake in shares of Domo in the second quarter valued at approximately $157,000. Cim Investment Management Inc. boosted its position in shares of Domo by 100.7% in the second quarter. Cim Investment Management Inc. now owns 33,938 shares of the company's stock valued at $474,000 after acquiring an additional 17,032 shares during the period. State of Wyoming bought a new stake in shares of Domo during the second quarter valued at approximately $474,000. Headlands Technologies LLC bought a new stake in shares of Domo during the second quarter valued at approximately $42,000. Finally, Engineers Gate Manager LP increased its position in shares of Domo by 68.0% during the second quarter. Engineers Gate Manager LP now owns 110,341 shares of the company's stock valued at $1,541,000 after purchasing an additional 44,652 shares during the period. 76.64% of the stock is owned by 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.