JMP Securities Reiterates Market Outperform Rating for Domo (NASDAQ:DOMO)

Key Points

• JMP Securities has reiterated a "market outperform" rating for Domo (DOMO) and set a price target of $20.00, indicating a potential upside of 29.03% from the current stock price.
• Domo's latest earnings report revealed earnings per share of $0.02, surpassing analyst expectations, with revenue of $79.72 million, up 1.7% year-over-year.
• Insider trading activity is notable, with CEO Joshua G. James purchasing 13,025 shares at an average price of $12.74, increasing his ownership stake.

Domo (NASDAQ:DOMO - Get Free Report)'s stock had its "market outperform" rating reissued by JMP Securities in a research report issued on Wednesday,Benzinga reports. They currently have a $20.00 price target on the stock. JMP Securities' target price points to a potential upside of 15.44% from the company's current price.

DOMO has been the topic of a number of other reports. Wall Street Zen raised shares of Domo from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Citigroup restated an "outperform" rating on shares of Domo in a research report on Wednesday, June 25th. Cantor Fitzgerald raised their target price on shares of Domo from $17.00 to $20.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. DA Davidson boosted their price target on Domo from $9.00 to $15.00 and gave the company a "hold" rating in a research note on Thursday, August 28th. Finally, Cowen raised Domo from a "hold" rating to a "buy" rating in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.00.

Domo Stock Performance

NASDAQ:DOMO traded up $0.32 during mid-day trading on Wednesday, hitting $17.33. 292,559 shares of the stock were exchanged, compared to its average volume of 561,231. The firm's 50-day simple moving average is $15.19 and its 200 day simple moving average is $11.66. The stock has a market capitalization of $714.31 million, a price-to-earnings ratio of -8.93 and a beta of 1.80. 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 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 during the quarter, compared to analyst estimates of $78.07 million. During the same period in the prior year, the company earned ($0.07) earnings per share. The business's quarterly 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. On average, analysts predict that Domo will post -2.1 EPS for the current fiscal year.

Insider Buying and Selling at Domo

In other Domo news, CEO Joshua G. James acquired 13,025 shares of Domo stock in a transaction that occurred on Friday, June 20th. The shares were acquired at an average cost of $12.74 per share, with a total value of $165,938.50. Following the completion of the purchase, the chief executive officer directly owned 1,079,972 shares of the company's stock, valued at $13,758,843.28. This represents a 1.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 15.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rockwood Wealth Management LLC grew its holdings in shares of Domo by 55.7% during the 1st quarter. Rockwood Wealth Management LLC now owns 20,984 shares of the company's stock valued at $163,000 after purchasing an additional 7,508 shares during the last quarter. Squarepoint Ops LLC bought a new position in Domo in the 4th quarter valued at approximately $127,000. Connective Capital Management LLC acquired a new stake in Domo in the fourth quarter valued at approximately $315,000. GSA Capital Partners LLP grew its stake in shares of Domo by 60.4% during the first quarter. GSA Capital Partners LLP now owns 73,831 shares of the company's stock worth $573,000 after buying an additional 27,811 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Domo by 5.0% during the first quarter. Rhumbline Advisers now owns 49,557 shares of the company's stock worth $385,000 after buying an additional 2,369 shares during the last quarter. 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.