Domo (NASDAQ:DOMO) Upgraded by Wall Street Zen to "Buy" Rating

Key Points

• Domo has been upgraded from a "hold" to a "buy" rating by analysts at Wall Street Zen, reflecting increased confidence in the company's prospects.
• The consensus target price for Domo's stock is currently $17.00, with a consensus rating of "Moderate Buy" from various research firms.
• Domo's CEO, Joshua G. James, bought 13,025 shares of the company's stock, indicating confidence in its future performance.

Wall Street Zen upgraded shares of Domo (NASDAQ:DOMO - Free Report) from a hold rating to a buy rating in a report released on Saturday morning.

A number of other equities research analysts also recently weighed in on DOMO. Citigroup reissued an "outperform" rating on shares of Domo in a report on Wednesday, June 25th. TD Cowen upgraded shares of Domo from a "hold" rating to a "buy" rating and raised their target price for the stock from $13.00 to $21.00 in a report on Tuesday, August 26th. Cowen upgraded shares of Domo from a "hold" rating to a "buy" rating in a report on Tuesday, August 26th. Lake Street Capital set a $16.00 target price on shares of Domo and gave the stock a "hold" rating in a report on Thursday, August 28th. Finally, DA Davidson boosted their target price on shares of Domo from $9.00 to $15.00 and gave the company a "hold" rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.00.

Domo Trading Down 0.1%

DOMO stock traded down $0.01 during trading on Friday, hitting $14.20. The company had a trading volume of 344,944 shares, compared to its average volume of 549,439. The firm has a market capitalization of $571.41 million, a price-to-earnings ratio of -7.32 and a beta of 1.80. The business has a 50 day moving average of $14.96 and a 200 day moving average of $11.23. Domo has a fifty-two week low of $6.01 and a fifty-two week high of $17.88.

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

Insider Buying and Selling at Domo

In other Domo news, CEO Joshua G. James bought 13,025 shares of the company's stock in a transaction dated Friday, June 20th. The shares were bought at an average price of $12.74 per share, for a total transaction of $165,938.50. Following the acquisition, the chief executive officer directly owned 1,079,972 shares of the company's stock, valued at approximately $13,758,843.28. This trade represents a 1.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 15.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Domo

A number of large investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its holdings in shares of Domo by 53.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,838 shares of the company's stock valued at $26,000 after purchasing an additional 642 shares during the period. Franklin Resources Inc. increased its holdings in Domo by 3.7% in the second quarter. Franklin Resources Inc. now owns 23,759 shares of the company's stock worth $332,000 after buying an additional 854 shares during the last quarter. MetLife Investment Management LLC increased its holdings in 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 buying an additional 1,681 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Domo by 26.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,181 shares of the company's stock worth $142,000 after buying an additional 2,109 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Domo by 5.0% during the first 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. Institutional investors and hedge funds 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.