Domo, Inc. $DOMO is AIGH Capital Management LLC's 9th Largest Position

Key Points

• AIGH Capital Management boosted its stake in Domo by 37% in Q4 to 1,837,762 shares, making Domo its 9th-largest holding and representing about 4.40% of the company (~$15.49M).
• Domo reported Q results showing an EPS miss of ($0.19) versus ($0.03) expected while revenue rose 1% to $79.63M and slightly beat estimates; the stock trades near $3.76 with a market cap of ~$169.8M and 50/200-day SMAs of $3.61/$7.32.
• Analyst sentiment is mixed after several downgrades and target cuts; the consensus rating is a Hold with an average price target of $6.92.

AIGH Capital Management LLC boosted its stake in shares of Domo, Inc. (NASDAQ:DOMO - Free Report) by 37.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,837,762 shares of the company's stock after acquiring an additional 496,244 shares during the period. Domo accounts for 3.8% of AIGH Capital Management LLC's portfolio, making the stock its 9th largest holding. AIGH Capital Management LLC owned approximately 4.40% of Domo worth $15,492,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new position in Domo during the third quarter valued at $25,000. Headlands Technologies LLC bought a new position in Domo during the second quarter valued at $42,000. Global Wealth Strategies & Associates bought a new position in Domo during the fourth quarter valued at $28,000. Pilgrim Partners Asia Pte Ltd bought a new position in Domo during the third quarter valued at $70,000. Finally, Raymond James Financial Inc. bought a new position in Domo during the second quarter valued at $122,000. 76.64% of the stock is owned by hedge funds and other institutional investors.

Domo Stock Performance

NASDAQ DOMO opened at $3.76 on Friday. The company has a market capitalization of $169.76 million, a price-to-earnings ratio of -2.59 and a beta of 1.74. The company's 50-day simple moving average is $3.61 and its two-hundred day simple moving average is $7.32. Domo, Inc. has a one year low of $2.39 and a one year high of $18.49.

Domo (NASDAQ:DOMO - Get Free Report) last posted its earnings results on Tuesday, March 10th. The company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.16). The business had revenue of $79.63 million for the quarter, compared to analyst estimates of $78.65 million. The company's quarterly revenue was up 1% on a year-over-year basis. Equities analysts expect that Domo, Inc. will post -1.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on DOMO. Wall Street Zen lowered shares of Domo from a "buy" rating to a "hold" rating in a research report on Sunday, March 29th. Citigroup lowered shares of Domo from an "outperform" rating to an "underperform" rating in a research report on Friday, February 13th. DA Davidson lowered their target price on shares of Domo from $10.00 to $6.00 and set a "neutral" rating for the company in a report on Wednesday, March 11th. Stephens lowered their target price on shares of Domo from $18.00 to $8.00 and set an "overweight" rating for the company in a report on Friday, April 17th. Finally, Cantor Fitzgerald lowered their target price on shares of Domo from $13.00 to $8.00 and set an "overweight" rating for the company in a report on Wednesday, March 11th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $6.92.

About Domo

Domo, Inc NASDAQ: DOMO is a cloud-based software company that specializes in business intelligence and data analytics. The company's flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise.

Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific.

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