Domo (NASDAQ:DOMO) Trading Down 6.2% - Here's What Happened

Key Points

• Domo, Inc. shares fell by 6.2% in mid-day trading, reaching a low of $12.52, with a total of 561,891 shares traded, slightly below the average daily volume.
• Analysts have a consensus rating of Moderate Buy for Domo, with price targets ranging from $15.00 to $20.00, indicating positive sentiment despite the recent decline.
• The company reported a quarterly profit of $0.02 EPS, exceeding expectations, and set guidance for fiscal year 2026 indicating further growth opportunities.

Domo, Inc. (NASDAQ:DOMO - Get Free Report) shares were down 6.2% during mid-day trading on Wednesday . The company traded as low as $12.52 and last traded at $12.47. Approximately 561,891 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 582,549 shares. The stock had previously closed at $13.29.

Wall Street Analyst Weigh In

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

Domo Stock Down 5.4%

The company has a market capitalization of $518.26 million, a PE ratio of -6.48 and a beta of 1.82. The business's 50 day simple moving average is $15.36 and its 200 day simple moving average is $12.80.

Domo (NASDAQ:DOMO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.07. The firm had revenue of $79.72 million for the quarter, compared to analysts' expectations of $78.07 million. Domo's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.07) earnings per share. Domo has set its FY 2026 guidance at -0.190--0.110 EPS. Q3 2026 guidance at -0.070--0.030 EPS. On average, analysts anticipate that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Daniel David Daniel III sold 273,900 shares of the firm's stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $15.26, for a total transaction of $4,179,714.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Domo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its position in Domo by 53.7% during the second quarter. Nisa Investment Advisors LLC now owns 1,838 shares of the company's stock valued at $26,000 after acquiring an additional 642 shares in the last quarter. Headlands Technologies LLC bought a new position in Domo during the second quarter valued at approximately $42,000. FNY Investment Advisers LLC bought a new position in Domo during the second quarter valued at approximately $49,000. AlphaQuest LLC raised its position in Domo by 707.3% during the second quarter. AlphaQuest LLC now owns 6,604 shares of the company's stock valued at $92,000 after acquiring an additional 5,786 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Domo during the second quarter valued at approximately $122,000. Institutional investors own 76.64% of the company's stock.

About Domo

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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