Domo, Inc. (NASDAQ:DOMO - Get Free Report)'s share price shot up 9.6% during trading on Tuesday . The stock traded as high as $12.59 and last traded at $12.44. 612,425 shares changed hands during mid-day trading, an increase of 64% from the average session volume of 372,687 shares. The stock had previously closed at $11.35.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Domo from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. DA Davidson upped their target price on shares of Domo from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Wall Street Zen raised shares of Domo from a "hold" rating to a "buy" rating in a research report on Saturday. JMP Securities reaffirmed a "market outperform" rating and set a $16.00 price objective on shares of Domo in a research report on Thursday, May 22nd. Finally, Cowen reiterated a "hold" rating on shares of Domo in a report on Thursday, May 22nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Domo currently has a consensus rating of "Hold" and a consensus target price of $10.67.
View Our Latest Stock Report on Domo
Domo Stock Up 10.9%
The firm's 50 day simple moving average is $8.09 and its 200-day simple moving average is $8.09. The company has a market capitalization of $502.80 million, a PE ratio of -5.75 and a beta of 1.67.
Domo (NASDAQ:DOMO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.19) by $0.10. The company had revenue of $80.11 million for the quarter, compared to the consensus estimate of $77.75 million. The company's revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.33) earnings per share. As a group, sell-side analysts anticipate that Domo, Inc. will post -2.1 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director David R. Jolley sold 25,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $8.31, for a total value of $207,750.00. Following the completion of the transaction, the director now directly owns 255,743 shares of the company's stock, valued at $2,125,224.33. This represents a 8.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joshua G. James acquired 77,300 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of $6.50 per share, for a total transaction of $502,450.00. Following the completion of the purchase, the chief executive officer now owns 116,600 shares of the company's stock, valued at approximately $757,900. This represents a 196.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. 14.04% of the stock is owned by corporate insiders.
Institutional Trading of Domo
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. RPD Fund Management LLC acquired a new position in shares of Domo during the fourth quarter valued at approximately $15,449,000. AIGH Capital Management LLC bought a new position in Domo during the 1st quarter valued at $5,832,000. Ameriprise Financial Inc. increased its position in shares of Domo by 9.4% during the 4th quarter. Ameriprise Financial Inc. now owns 3,287,833 shares of the company's stock valued at $23,278,000 after purchasing an additional 282,943 shares during the period. CenterBook Partners LP acquired a new position in shares of Domo during the 4th quarter valued at $1,586,000. Finally, Nuveen LLC bought a new stake in shares of Domo in the 1st quarter worth $1,248,000. 76.64% of the stock is currently owned by institutional investors.
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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