AIGH Capital Management LLC Has $18.74 Million Position in Domo, Inc. $DOMO

Key Points

• AIGH Capital Management LLC increased its position in Domo, Inc. by 78.5% during the 2nd quarter, now holding approximately 8.4% of its portfolio in Domo, valued at $18.74 million.
• Domo reported earnings of $0.02 per share for the last quarter, exceeding analysts' estimates of ($0.05), while revenue increased by 1.7% compared to the previous year.
• Multiple analysts upgraded their ratings on Domo, with a consensus "Moderate Buy" and an average price target of $17.00, indicating expectations for positive stock performance ahead.

AIGH Capital Management LLC lifted its position in Domo, Inc. (NASDAQ:DOMO - Free Report) by 78.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,341,518 shares of the company's stock after acquiring an additional 589,935 shares during the quarter. Domo makes up approximately 8.4% of AIGH Capital Management LLC's portfolio, making the stock its 2nd largest position. AIGH Capital Management LLC owned about 3.33% of Domo worth $18,741,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DOMO. Nuveen LLC bought a new stake in shares of Domo in the 1st quarter worth $1,248,000. Panoramic Capital LLC bought a new stake in shares of Domo in the 1st quarter worth $776,000. Mackenzie Financial Corp grew its stake in shares of Domo by 63.5% in the 1st quarter. Mackenzie Financial Corp now owns 124,433 shares of the company's stock worth $966,000 after acquiring an additional 48,316 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Domo by 3.0% in the 1st quarter. Acadian Asset Management LLC now owns 1,415,884 shares of the company's stock worth $10,987,000 after acquiring an additional 41,194 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Domo by 22.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 172,680 shares of the company's stock worth $1,340,000 after acquiring an additional 31,740 shares in the last quarter. Institutional investors own 76.64% of the company's stock.

Domo Stock Down 2.8%

Shares of NASDAQ:DOMO opened at $12.29 on Monday. The firm has a market capitalization of $506.72 million, a PE ratio of -6.34 and a beta of 1.82. Domo, Inc. has a twelve month low of $6.01 and a twelve month high of $18.49. The company has a 50-day moving average price of $15.14 and a two-hundred day moving average price of $12.94.

Domo (NASDAQ:DOMO - Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.07. The business had revenue of $79.72 million for the quarter, compared to the consensus estimate of $78.07 million. Domo's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Analysts anticipate that Domo, Inc. will post -2.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DOMO. Cantor Fitzgerald upped their target price on shares of Domo from $17.00 to $20.00 and gave the stock an "overweight" rating in a research note 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. 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. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Domo in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Domo has a consensus rating of "Moderate Buy" and an average price target of $17.00.

Insiders Place Their Bets

In other Domo news, Director Daniel David Daniel III sold 273,900 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which is available at this link. 15.24% of the stock is owned by corporate insiders.

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.

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