Goldman Sachs Group Inc. Acquires 31,740 Shares of Domo, Inc. $DOMO

Key Points

• Goldman Sachs Group Inc. has increased its stake in Domo, Inc. by 22.5%, acquiring an additional 31,740 shares during the first quarter, bringing its total ownership to approximately 0.43% valued at $1.34 million.
• Domo's stock has shown positive movement, opening at $18.06 with a yearly high of $18.08, and the company recently reported earnings that exceeded analysts' expectations.
• Several analysts have recently upgraded their price targets for Domo, with a consensus average price target of $17.00 and ratings ranging from "Strong Buy" to "Hold."

Goldman Sachs Group Inc. lifted its stake in shares of Domo, Inc. (NASDAQ:DOMO - Free Report) by 22.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 172,680 shares of the company's stock after buying an additional 31,740 shares during the quarter. Goldman Sachs Group Inc. owned about 0.43% of Domo worth $1,340,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Squarepoint Ops LLC acquired a new stake in shares of Domo during the 4th quarter worth about $127,000. MetLife Investment Management LLC lifted its stake in shares of Domo by 9.5% during the 1st 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. Rockwood Wealth Management LLC lifted its stake 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 worth $163,000 after buying an additional 7,508 shares during the last quarter. Diversify Wealth Management LLC lifted its stake in shares of Domo by 13.2% during the 1st quarter. Diversify Wealth Management LLC now owns 23,197 shares of the company's stock worth $176,000 after buying an additional 2,705 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Domo by 116.7% during the 1st quarter. Invesco Ltd. now owns 23,624 shares of the company's stock worth $183,000 after buying an additional 12,722 shares during the last quarter. Institutional investors and hedge funds own 76.64% of the company's stock.

Domo Stock Down 3.5%

Shares of NASDAQ:DOMO traded down $0.64 during trading on Tuesday, hitting $17.57. 280,439 shares of the company were exchanged, compared to its average volume of 569,250. Domo, Inc. has a 1-year low of $6.01 and a 1-year high of $18.49. The company has a market capitalization of $724.20 million, a P/E ratio of -9.06 and a beta of 1.80. The business's 50 day moving average is $15.56 and its 200-day moving average is $12.08.

Domo (NASDAQ:DOMO - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.07. The firm had revenue of $79.72 million for the quarter, compared to analyst estimates of $78.07 million. During the same period last year, the business earned ($0.07) EPS. The company'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, sell-side analysts anticipate that Domo, Inc. will post -2.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Cowen upgraded shares of Domo from a "hold" rating to a "buy" rating in a research note on Tuesday, August 26th. Cantor Fitzgerald lifted their price objective 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. Wall Street Zen upgraded shares of Domo from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. JMP Securities reiterated a "market outperform" rating and issued a $20.00 price objective on shares of Domo in a research note on Wednesday, September 10th. Finally, TD Cowen upgraded shares of Domo from a "hold" rating to a "buy" rating and boosted their target price for the company from $13.00 to $21.00 in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Domo currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

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.