Domo, Inc. (NASDAQ:DOMO - Get Free Report) shares were up 7.6% during trading on Friday . The company traded as high as $15.31 and last traded at $15.45. Approximately 563,731 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 417,814 shares. The stock had previously closed at $14.36.
Wall Street Analyst Weigh In
A number of equities analysts have commented on DOMO shares. Lake Street Capital restated a "hold" rating and issued a $9.00 target price (up from $8.50) on shares of Domo in a research note on Thursday, May 22nd. Morgan Stanley decreased their price target 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 began coverage on shares of Domo in a report on Friday. They set an "overweight" rating and a $19.00 target price for the company. JMP Securities boosted their target price 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, Citigroup reissued an "outperform" rating on shares of Domo in a report on Wednesday, June 25th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $13.14.
View Our Latest Stock Analysis on Domo
Domo Trading Down 1.6%
The company has a 50-day simple moving average of $12.78 and a 200 day simple moving average of $9.58. The firm has a market cap of $645.09 million, a PE ratio of -8.48 and a beta of 1.84.
Domo (NASDAQ:DOMO - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported ($0.09) EPS for the quarter, topping the consensus estimate 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 last year, the firm earned ($0.33) EPS. The company's quarterly revenue was up .0% on a year-over-year basis. On average, equities analysts expect that Domo, Inc. will post -2.1 earnings per share for the current year.
Insiders Place Their Bets
In other Domo news, CEO Joshua G. James acquired 13,025 shares of the business's stock in a transaction on Friday, June 20th. The stock was purchased at an average price of $12.74 per share, for a total transaction of $165,938.50. Following the transaction, the chief executive officer owned 1,079,972 shares in the company, valued at $13,758,843.28. This trade represents a 1.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 15.24% of the company's stock.
Institutional Trading of Domo
Several hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Management LLC raised its stake in shares of Domo by 9.5% in the first quarter. MetLife Investment Management LLC now owns 19,446 shares of the company's stock worth $151,000 after purchasing an additional 1,681 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Domo by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company's stock valued at $622,000 after buying an additional 1,826 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Domo by 5.0% during the 1st quarter. Rhumbline Advisers now owns 49,557 shares of the company's stock valued at $385,000 after purchasing an additional 2,369 shares during the last quarter. Diversify Wealth Management LLC lifted its holdings in shares of Domo by 13.2% in the 1st quarter. Diversify Wealth Management LLC now owns 23,197 shares of the company's stock valued at $176,000 after acquiring an additional 2,705 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Domo by 3.7% during the fourth quarter. Barclays PLC now owns 82,573 shares of the company's stock worth $584,000 after acquiring an additional 2,962 shares during the period. 76.64% of the stock is owned by institutional investors and hedge funds.
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
Before you consider Domo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Domo wasn't on the list.
While Domo currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
