Domo, Inc. (NASDAQ:DOMO - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock 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.
Wall Street Analysts Forecast Growth
DOMO has been the subject of several research reports. DA Davidson raised their price objective on shares of Domo from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. JMP Securities upped their price objective on shares of Domo from $16.00 to $20.00 and gave the company a "market outperform" rating in a research note on Wednesday, June 25th. Lake Street Capital reaffirmed a "hold" rating and set a $9.00 price objective (up from $8.50) on shares of Domo in a research note on Thursday, May 22nd. Cowen reissued a "hold" rating on shares of Domo in a research report on Thursday, May 22nd. Finally, Wall Street Zen upgraded shares of Domo from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $12.17.
Get Our Latest Analysis on DOMO
Domo Price Performance
The business has a 50 day moving average of $12.13 and a 200 day moving average of $9.32. The firm has a market capitalization of $552.50 million, a price-to-earnings ratio of -7.26 and a beta of 1.84.
Domo (NASDAQ:DOMO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The company reported ($0.09) EPS for the quarter, topping analysts' consensus estimates of ($0.19) by $0.10. The business had revenue of $80.11 million for the quarter, compared to the consensus estimate of $77.75 million. During the same quarter in the prior year, the business earned ($0.33) EPS. The firm's revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts forecast that Domo, Inc. will post -2.1 EPS for the current fiscal year.
Insider Buying and Selling at Domo
In other news, CEO Joshua G. James purchased 13,025 shares of Domo stock in a transaction on 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 transaction, the chief executive officer directly owned 1,079,972 shares in the company, valued at approximately $13,758,843.28. This represents a 1.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 15.24% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of DOMO. Pilgrim Partners Asia Pte Ltd bought a new position in Domo in the 4th quarter valued at $47,000. Riggs Capital Management LLC acquired a new position in Domo during the 4th quarter worth about $85,000. Intech Investment Management LLC bought a new stake in Domo during the 4th quarter worth about $103,000. Wells Fargo & Company MN increased its position in 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 bought a new position in shares of Domo in the fourth quarter worth about $127,000. Institutional investors own 76.64% of the company's stock.
Domo Company Profile
(
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.
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