Mackenzie Financial Corp Buys 42,581 Shares of Domo, Inc. (NASDAQ:DOMO)

Mackenzie Financial Corp raised its holdings in Domo, Inc. (NASDAQ:DOMO - Free Report) by 127.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,117 shares of the company's stock after purchasing an additional 42,581 shares during the period. Mackenzie Financial Corp owned about 0.19% of Domo worth $539,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its position in Domo by 19.1% in the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company's stock worth $99,000 after acquiring an additional 2,247 shares during the period. Stoneridge Investment Partners LLC increased its holdings in shares of Domo by 73.3% in the 4th quarter. Stoneridge Investment Partners LLC now owns 32,570 shares of the company's stock valued at $231,000 after acquiring an additional 13,777 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Domo by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company's stock worth $622,000 after buying an additional 1,826 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Domo during the 4th quarter valued at approximately $173,000. Finally, Intech Investment Management LLC acquired a new position in shares of Domo during the fourth quarter worth about $103,000. Hedge funds and other institutional investors own 76.64% of the company's stock.

Domo Price Performance

Shares of Domo stock traded up $0.30 during trading on Wednesday, hitting $13.68. 1,010,274 shares of the company's stock traded hands, compared to its average volume of 384,609. The firm's fifty day moving average price is $8.61 and its 200 day moving average price is $8.26. Domo, Inc. has a twelve month low of $6.01 and a twelve month high of $13.78. The company has a market cap of $546.38 million, a PE ratio of -6.25 and a beta of 1.67.

Domo (NASDAQ:DOMO - Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported ($0.09) EPS for the quarter, topping analysts' consensus estimates of ($0.19) by $0.10. The business had revenue of $80.11 million for the quarter, compared to analyst estimates of $77.75 million. During the same period in the prior year, the firm posted ($0.33) EPS. Domo's revenue was up .0% on a year-over-year basis. As a group, equities research analysts anticipate that Domo, Inc. will post -2.1 earnings per share for the current year.

Wall Street Analyst Weigh In

DOMO has been the subject of several research reports. Morgan Stanley cut their price target on Domo from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. DA Davidson lifted their price target on shares of Domo from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Wall Street Zen upgraded Domo from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Cantor Fitzgerald raised their price target on Domo from $11.00 to $12.00 and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Finally, JMP Securities restated a "market outperform" rating and issued a $16.00 price target on shares of Domo in a research note on Thursday, May 22nd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $10.67.

Insider Activity

In related news, Director David R. Jolley sold 25,000 shares of Domo stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $8.31, for a total value of $207,750.00. Following the transaction, the director now directly owns 255,743 shares of the company's stock, valued at $2,125,224.33. This trade represents a 8.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joshua G. James purchased 77,300 shares of Domo stock in a transaction dated Friday, April 4th. The shares were purchased at an average price of $6.50 per share, for a total transaction of $502,450.00. Following the completion of the acquisition, the chief executive officer now owns 116,600 shares of the company's stock, valued at approximately $757,900. The trade was a 196.69% increase in their position. The disclosure for this purchase can be found here. 15.24% of the stock is owned by 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.