Domo, Inc. (NASDAQ:DOMO - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.94 and last traded at $16.69, with a volume of 811988 shares traded. The stock had previously closed at $16.11.
Wall Street Analyst Weigh In
Several brokerages have recently commented on DOMO. DA Davidson upped their target price on Domo from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday, May 22nd. Morgan Stanley reduced their price objective on shares of Domo from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Stephens initiated coverage on shares of Domo in a research report on Friday, July 18th. They issued an "overweight" rating and a $19.00 target price on the stock. JMP Securities boosted 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. Finally, Lake Street Capital restated a "hold" rating and issued a $9.00 price target (up previously from $8.50) on shares of Domo in a research report on Thursday, May 22nd. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $13.14.
View Our Latest Stock Report on DOMO
Domo Stock Performance
The business's 50 day simple moving average is $14.48 and its 200-day simple moving average is $10.43. The company has a market cap of $657.52 million, a price-to-earnings ratio of -8.65 and a beta of 1.87.
Domo (NASDAQ:DOMO - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.10. The firm had revenue of $80.11 million for the quarter, compared to analyst estimates of $77.75 million. During the same period in the previous year, the business posted ($0.33) EPS. Domo's revenue for the quarter was up .0% on a year-over-year basis. Research analysts expect that Domo, Inc. will post -2.1 earnings per share for the current year.
Insider Activity at Domo
In other Domo news, CEO Joshua G. James acquired 13,025 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were purchased at an average price of $12.74 per share, with a total value of $165,938.50. Following the completion of the transaction, the chief executive officer owned 1,079,972 shares in the company, valued at $13,758,843.28. The trade was a 1.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 15.24% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. RPD Fund Management LLC bought a new position in Domo during the fourth quarter valued at about $15,449,000. AIGH Capital Management LLC bought a new position in shares of Domo in the 1st quarter valued at approximately $5,832,000. Ameriprise Financial Inc. raised its stake in shares of Domo by 9.4% in the 4th quarter. Ameriprise Financial Inc. now owns 3,287,833 shares of the company's stock valued at $23,278,000 after acquiring an additional 282,943 shares in the last quarter. CenterBook Partners LP acquired a new stake in Domo in the 4th quarter worth approximately $1,586,000. Finally, Nuveen LLC acquired a new stake in Domo in the 1st quarter worth approximately $1,248,000. Institutional investors and hedge funds 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.
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