Domo, Inc. (NASDAQ:DOMO - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $15.42 and last traded at $14.94, with a volume of 650462 shares changing hands. The stock had previously closed at $15.15.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. JMP Securities upped their price target 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. DA Davidson boosted their price objective on Domo from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Morgan Stanley cut their price objective on Domo from $9.00 to $8.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Citigroup restated an "outperform" rating on shares of Domo in a report on Wednesday, June 25th. Finally, Lake Street Capital reiterated a "hold" rating and issued a $9.00 target price (up previously from $8.50) on shares of Domo in a report on Thursday, May 22nd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $12.17.
Check Out Our Latest Analysis on DOMO
Domo Trading Down 1.4%
The company has a market cap of $601.19 million, a price-to-earnings ratio of -7.90 and a beta of 1.84. The business has a fifty day moving average price of $11.72 and a two-hundred day moving average price of $9.16.
Domo (NASDAQ:DOMO - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The company reported ($0.09) EPS 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 analyst estimates of $77.75 million. During the same quarter in the prior year, the company posted ($0.33) EPS. The company's quarterly revenue was up .0% on a year-over-year basis. On average, analysts anticipate that Domo, Inc. will post -2.1 EPS for the current year.
Insider Buying and Selling
In other news, CEO Joshua G. James acquired 13,025 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were purchased at an average price of $12.74 per share, for a total transaction of $165,938.50. Following the completion of the acquisition, the chief executive officer owned 1,079,972 shares of the company's stock, valued at approximately $13,758,843.28. This represents a 1.22% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 15.24% of the company's stock.
Institutional Investors Weigh In On Domo
A number of large investors have recently added to or reduced their stakes in the stock. MetLife Investment Management LLC boosted its position in Domo by 9.5% during the first quarter. MetLife Investment Management LLC now owns 19,446 shares of the company's stock worth $151,000 after purchasing an additional 1,681 shares during the period. Bank of New York Mellon Corp boosted its position in Domo by 2.1% during the fourth quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company's stock worth $622,000 after purchasing an additional 1,826 shares during the period. Rhumbline Advisers boosted its position in Domo by 5.0% during the first quarter. Rhumbline Advisers now owns 49,557 shares of the company's stock worth $385,000 after purchasing an additional 2,369 shares during the period. Diversify Wealth Management LLC boosted its position in Domo by 13.2% during the first quarter. Diversify Wealth Management LLC now owns 23,197 shares of the company's stock worth $176,000 after purchasing an additional 2,705 shares during the period. Finally, Barclays PLC boosted its position in Domo by 3.7% during the fourth quarter. Barclays PLC now owns 82,573 shares of the company's stock worth $584,000 after purchasing an additional 2,962 shares during the period. Institutional investors own 76.64% of the company's stock.
About Domo
(
Get Free Report)
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.
Further Reading
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