Domo, Inc. $DOMO Position Boosted by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its stake in Domo, Inc. by 3.0% in the first quarter, acquiring an additional 41,194 shares, bringing its total holdings to 1,415,884 shares worth approximately $10.99 million.
• Analyst ratings for Domo have improved, with Cantor Fitzgerald raising their price target from $17.00 to $20.00 and several other analysts issuing "buy" ratings, contributing to a consensus rating of "Moderate Buy."
• Domo recently reported earnings of $0.02 per share, surpassing expectations, and experienced a quarterly revenue increase of 1.7% year-over-year, with guidance indicating continued focus on growth despite a challenging market environment.

Acadian Asset Management LLC grew its holdings in shares of Domo, Inc. (NASDAQ:DOMO - Free Report) by 3.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,415,884 shares of the company's stock after purchasing an additional 41,194 shares during the period. Acadian Asset Management LLC owned 3.55% of Domo worth $10,987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Squarepoint Ops LLC bought a new position in shares of Domo during the fourth quarter worth about $127,000. MetLife Investment Management LLC grew its position in shares of Domo by 9.5% during the first quarter. MetLife Investment Management LLC now owns 19,446 shares of the company's stock worth $151,000 after acquiring an additional 1,681 shares during the last quarter. Rockwood Wealth Management LLC grew its position in shares of Domo by 55.7% during the first quarter. Rockwood Wealth Management LLC now owns 20,984 shares of the company's stock worth $163,000 after acquiring an additional 7,508 shares during the last quarter. Diversify Wealth Management LLC grew its position in shares of Domo by 13.2% during the first quarter. Diversify Wealth Management LLC now owns 23,197 shares of the company's stock worth $176,000 after acquiring an additional 2,705 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Domo by 116.7% during the first quarter. Invesco Ltd. now owns 23,624 shares of the company's stock worth $183,000 after acquiring an additional 12,722 shares during the last quarter. 76.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Domo

In other Domo news, CEO Joshua G. James acquired 13,025 shares of Domo stock in a transaction dated Friday, June 20th. The stock was bought 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 approximately $13,758,843.28. This trade represents a 1.22% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 15.24% of the company's stock.

Domo Trading Up 2.5%

DOMO traded up $0.44 on Thursday, reaching $17.59. The company had a trading volume of 163,210 shares, compared to its average volume of 560,682. The company has a fifty day moving average of $15.31 and a 200-day moving average of $11.80. The company has a market capitalization of $725.07 million, a P/E ratio of -9.05 and a beta of 1.80. Domo, Inc. has a one year low of $6.01 and a one year high of $17.88.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DOMO shares. JMP Securities restated a "market outperform" rating and set a $20.00 price target on shares of Domo in a research report on Wednesday, September 10th. Citigroup restated an "outperform" rating on shares of Domo in a research report on Wednesday, June 25th. DA Davidson upped their price target on shares of Domo from $9.00 to $15.00 and gave the stock a "hold" 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. Finally, Wall Street Zen upgraded shares of Domo from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.00.

Domo 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.