Stephens upgraded shares of Domo (NASDAQ:DOMO - Free Report) to a strong-buy rating in a research note issued to investors on Thursday,Zacks.com reports.
A number of other equities research analysts have also commented on DOMO. Morgan Stanley lowered their price target on Domo from $9.00 to $8.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Wall Street Zen upgraded Domo from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. DA Davidson upped their price objective on Domo from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Citigroup restated an "outperform" rating on shares of Domo in a research note on Wednesday, June 25th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $17.00 price objective on shares of Domo in a research note on Wednesday, June 25th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Domo presently has an average rating of "Moderate Buy" and an average target price of $13.14.
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Domo Price Performance
Shares of NASDAQ:DOMO traded up $1.93 during trading on Thursday, reaching $16.29. 1,362,407 shares of the stock were exchanged, compared to its average volume of 422,681. Domo has a 1-year low of $6.01 and a 1-year high of $16.41. The stock has a fifty day moving average of $12.78 and a two-hundred day moving average of $9.56. The firm has a market cap of $655.51 million, a price-to-earnings ratio of -8.62 and a beta of 1.84.
Domo (NASDAQ:DOMO - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.19) by $0.10. The company had revenue of $80.11 million during the quarter, compared to analysts' expectations of $77.75 million. The company's quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.33) earnings per share. Sell-side analysts forecast that Domo will post -2.1 EPS for the current year.
Insider Buying and Selling at Domo
In related news, CEO Joshua G. James bought 13,025 shares of Domo stock in a transaction on Friday, June 20th. The stock was acquired at an average price of $12.74 per share, with a total value of $165,938.50. Following the acquisition, the chief executive officer directly owned 1,079,972 shares of the company's stock, valued at $13,758,843.28. This represents a 1.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 15.24% of the company's stock.
Hedge Funds Weigh In On Domo
Large investors have recently modified their holdings of the company. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Domo in the 4th quarter valued at about $47,000. Riggs Capital Management LLC purchased a new stake in shares of Domo in the 4th quarter valued at about $85,000. Intech Investment Management LLC purchased a new stake in shares of Domo in the 4th quarter valued at about $103,000. Wells Fargo & Company MN raised its holdings in shares of Domo by 29.2% in the 4th quarter. Wells Fargo & Company MN now owns 17,696 shares of the company's stock valued at $125,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Domo in the 4th quarter valued at about $127,000. 76.64% of the stock is currently owned by institutional investors.
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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