Domo (NASDAQ:DOMO) Shares Gap Up - Here's What Happened

Key Points

• Domo's shares gapped up from a previous close of $15.78 to an opening price of $16.54 prior to trading on Monday, with last trades at $16.51.
• Analysts have made several positive upgrades for Domo, including Cantor Fitzgerald raising their price target from $17.00 to $20.00, and TD Cowen upgrading their rating to "buy" with a target of $21.00.
• Domo reported an earnings per share (EPS) of $0.02 for the quarter, exceeding analyst expectations by $0.07, while revenue increased by 1.7% year-over-year to $79.72 million.

Domo, Inc. (NASDAQ:DOMO - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $15.78, but opened at $16.54. Domo shares last traded at $16.51, with a volume of 147,552 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on DOMO shares. Cantor Fitzgerald increased their price objective on shares of Domo from $17.00 to $20.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Stephens initiated coverage on shares of Domo in a report on Friday, July 18th. They set an "overweight" rating and a $19.00 target price for the company. Citigroup restated an "outperform" rating on shares of Domo in a report on Wednesday, June 25th. DA Davidson raised their target price on shares of Domo from $9.00 to $15.00 and gave the stock a "hold" rating in a report on Thursday, August 28th. Finally, TD Cowen raised shares of Domo from a "hold" rating to a "buy" rating and raised their price objective for the stock from $13.00 to $21.00 in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

Domo Stock Performance

The business's 50 day simple moving average is $15.70 and its 200-day simple moving average is $12.30. The company has a market cap of $681.53 million, a price-to-earnings ratio of -8.46 and a beta of 1.80.

Domo (NASDAQ:DOMO - Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.07. The company had revenue of $79.72 million for the quarter, compared to analyst estimates of $78.07 million. The company's quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned ($0.07) EPS. Domo has set its FY 2026 guidance at -0.190--0.110 EPS. Q3 2026 guidance at -0.070--0.030 EPS. Research analysts expect that Domo, Inc. will post -2.1 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Rockwood Wealth Management LLC raised its holdings in Domo by 55.7% in the 1st quarter. Rockwood Wealth Management LLC now owns 20,984 shares of the company's stock worth $163,000 after acquiring an additional 7,508 shares during the period. Squarepoint Ops LLC bought a new position in Domo in the 4th quarter worth $127,000. Goldman Sachs Group Inc. raised its holdings in Domo by 22.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 172,680 shares of the company's stock worth $1,340,000 after acquiring an additional 31,740 shares during the period. Rhumbline Advisers raised its holdings in Domo by 5.0% in the 1st quarter. Rhumbline Advisers now owns 49,557 shares of the company's stock worth $385,000 after acquiring an additional 2,369 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in shares of Domo by 60.4% during the 1st quarter. GSA Capital Partners LLP now owns 73,831 shares of the company's stock worth $573,000 after purchasing an additional 27,811 shares during the period. Institutional investors own 76.64% of the company's stock.

Domo Company Profile

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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