Domo, Inc. (NASDAQ:DOMO - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $16.81 and last traded at $16.61, with a volume of 88198 shares changing hands. The stock had previously closed at $16.06.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Morgan Stanley decreased their price objective on Domo from $9.00 to $8.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Cantor Fitzgerald reissued an "overweight" rating and set a $17.00 price target on shares of Domo in a research report on Wednesday, June 25th. Wall Street Zen raised Domo from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Citigroup restated an "outperform" rating on shares of Domo in a report on Wednesday, June 25th. Finally, Cowen reiterated a "hold" rating on shares of Domo in a research note on Thursday, May 22nd. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $13.14.
Get Our Latest Stock Report on DOMO
Domo Price Performance
The stock has a market cap of $655.11 million, a P/E ratio of -8.61 and a beta of 1.84. The firm's fifty day moving average price is $14.07 and its two-hundred day moving average price is $10.11.
Domo (NASDAQ:DOMO - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.10. The firm had revenue of $80.11 million during the quarter, compared to the consensus estimate of $77.75 million. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.33) EPS. On average, research analysts expect that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CEO Joshua G. James bought 13,025 shares of Domo stock in a transaction that occurred on Friday, June 20th. The shares were acquired at an average price of $12.74 per share, with a total value of $165,938.50. Following the completion of the purchase, the chief executive officer directly 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 purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 15.24% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of DOMO. Raymond James Financial Inc. bought a new position in shares of Domo during the fourth quarter valued at about $173,000. Vanguard Group Inc. grew its stake in shares of Domo by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 5,107,851 shares of the company's stock valued at $36,164,000 after buying an additional 36,029 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Domo by 22.7% during the fourth quarter. JPMorgan Chase & Co. now owns 643,062 shares of the company's stock valued at $4,553,000 after buying an additional 118,957 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Domo during the fourth quarter valued at about $980,000. Finally, Geode Capital Management LLC grew its stake in shares of Domo by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 770,810 shares of the company's stock valued at $5,458,000 after buying an additional 11,457 shares during the last quarter. 76.64% of the stock is 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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