Should I buy or sell Domo stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Domo in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DOMO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DOMO, but not buy additional shares or sell existing shares. View DOMO analyst ratings or view top-rated stocks .

What is Domo's stock price target for 2024?

5 equities research analysts have issued 12-month price objectives for Domo's shares. Their DOMO share price targets range from $10.00 to $23.00. On average, they expect the company's stock price to reach $17.71 in the next twelve months. This suggests a possible upside of 86.1% from the stock's current price. View analysts price targets for DOMO or view top-rated stocks among Wall Street analysts .

How have DOMO shares performed in 2023?

Domo's stock was trading at $14.24 on January 1st, 2023. Since then, DOMO shares have decreased by 33.1% and is now trading at $9.52. View the best growth stocks for 2023 here .

Are investors shorting Domo?

Domo saw a decline in short interest in November. As of November 15th, there was short interest totaling 1,370,000 shares, a decline of 15.4% from the October 31st total of 1,620,000 shares. Based on an average trading volume of 562,100 shares, the short-interest ratio is presently 2.4 days. View Domo's Short Interest .

When is Domo's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, March 4th 2024. View our DOMO earnings forecast .

How were Domo's earnings last quarter?

Domo, Inc. (NASDAQ:DOMO) released its quarterly earnings results on Thursday, May, 25th. The company reported ($0.17) EPS for the quarter, hitting the consensus estimate of ($0.17). The firm earned $79.46 million during the quarter, compared to analysts' expectations of $78.87 million. The business's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.99) EPS.

What ETFs hold Domo's stock?

ETFs with the largest weight of Domo (NASDAQ:DOMO) stock in their portfolio include SPDR S&P Software & Services ETF (XSW) . ProShares Big Data Refiners ETF (DAT) .

What guidance has Domo issued on next quarter's earnings?

Domo updated its FY24 earnings guidance on Thursday, November, 30th. The company provided EPS guidance of (0.28)-($0.24) for the period, compared to the consensus earnings per share estimate of ($0.44). The company issued revenue guidance of $317.8-$318.8 million, compared to the consensus revenue estimate of $317.59 million.

What is John Mellor's approval rating as Domo's CEO?

19 employees have rated Domo Chief Executive Officer John Mellor on Glassdoor.com . John Mellor has an approval rating of 91% among the company's employees. This puts John Mellor in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 91.0% of employees surveyed would recommend working at Domo to a friend.

What other stocks do shareholders of Domo own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Domo investors own include NVIDIA (NVDA) , Advanced Micro Devices (AMD) , Alibaba Group (BABA) , Micron Technology (MU) , Block (SQ) , Shopify (SHOP) , PayPal (PYPL) , Netflix (NFLX) , Roku (ROKU) and Trade Desk (TTD) .

(DOMO) raised $189 million in an initial public offering (IPO) on Friday, June 29th 2018. The company issued 9,200,000 shares at a price of $19.00-$22.00 per share. Morgan Stanley, Allen & Company, Credit Suisse and UBS Securities served as the underwriters for the IPO and William Blair, JMP Securities and Cowen were co-managers.

Who are Domo's major shareholders?

Domo's stock is owned by a number of retail and institutional investors. Top institutional investors include Ameriprise Financial Inc. (4.91%), Group One Trading L.P. (0.00%), Bank of New York Mellon Corp (1.77%), Acadian Asset Management LLC (1.74%), Jacobs Levy Equity Management Inc. (1.71%) and CenterBook Partners LP (1.16%). Insiders that own company stock include Bruce C Jr Felt, Bruce C Jr Felt , Catherine Wong , Dana L Evan , Daniel David Daniel III, Daren Thayne, David R Jolley, John M Mellor, John R Pestana, Joshua G James and Joy Driscoll Durling. View institutional ownership trends .

How do I buy shares of Domo?

Shares of DOMO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Domo Stock Price, News & Analysis (NASDAQ:DOMO)

$9.52

+0.13 (+1.38%)

(As of 12/6/2023 ET)

Compare

Today's Range: $9.25
▼
$9.90
50-Day Range: $7.86
▼
$10.18
52-Week Range: $7.78
▼
$19.09

Volume: 603,724 shs
Average Volume: 585,549 shs
Market Capitalization: $343.48 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $17.71

Domo MarketRank™ Stock Analysis

Analyst Rating: Hold
2.40 Rating Score
Upside/Downside: 86.1% Upside
$17.71 Price Target
Short Interest: Healthy
3.80% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.76
Upright™ Environmental Score
News Sentiment: 0.55
Based on 23 Articles This Week
Insider Trading: Acquiring Shares
$384,244 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($2.08) to ($1.55) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.63 out of 5 stars

Computer And Technology Sector

66th out of 594 stocks

Prepackaged Software Industry

8th out of 175 stocks

3.2

Analyst's Opinion

Consensus Rating
Domo has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $17.71, Domo has a forecasted upside of 86.1% from its current price of $9.52.
Amount of Analyst Coverage
Domo has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
3.80% of the outstanding shares of Domo have been sold short.
Short Interest Ratio / Days to Cover
Domo has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Domo has recently decreased by 15.43%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Domo does not currently pay a dividend.
Dividend Growth
Domo does not have a long track record of dividend growth.

3.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Domo has received a 33.61% net impact score from Upright. The largest positive contribution comes from its "Creating knowledge" impact, which is driven by its "Business data analysis software" and "Enterprise systems integration software" products. See details.
Environmental Sustainability
The Environmental Impact score for Domo is -0.76.

3.1

News and Social Media Coverage

News Sentiment
Domo has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 23 news articles for Domo this week, compared to 5 articles on an average week.
Search Interest
3 people have searched for DOMO on MarketBeat in the last 30 days.
MarketBeat Follows
4 people have added Domo to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Domo insiders have bought 472.99% more of their company's stock than they have sold. Specifically, they have bought $384,244.00 in company stock and sold $67,059.00 in company stock.
Percentage Held by Insiders
12.77% of the stock of Domo is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
65.01% of the stock of Domo is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Domo are expected to grow in the coming year, from ($2.08) to ($1.55) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Domo is -4.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Domo is -4.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

About Domo Stock (NASDAQ:DOMO)

Domo, Inc. 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 from smartphones. The company was formerly known as Domo Technologies, Inc. and changed its name to Domo, Inc. in December 2011. Domo, Inc. was incorporated in 2010 and is headquartered in American Fork, Utah.

DOMO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

DOMO Stock News Headlines

December 6, 2023 | seekingalpha.com

Domo: No Rescue In Sight

December 5, 2023 | finance.yahoo.com

Can Domo (DOMO) Climb 58% to Reach the Level Wall Street Analysts Expect?

December 7, 2023 | Autonomix (Ad)

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December 3, 2023 | americanbankingnews.com

Domo (NASDAQ:DOMO) Price Target Cut to $14.00 by Analysts at Morgan Stanley

December 2, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Domo (DOMO) and Marvell (MRVL)

December 1, 2023 | businesswire.com

Reconciliation of Total Operating Expenses on a GAAP Basis to Total Operating Expenses on a Non-GAAP Basis:

December 1, 2023 | marketwatch.com

Domo Shares Rise 7.4% After 3Q Revenue, Adjusted Earnings Beat

December 1, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Uber Technologies (UBER), Domo (DOMO) and Robinhood Markets (HOOD)

December 7, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

December 1, 2023 | markets.businessinsider.com

Domo Shares Rise After Adjusted Profit Surpasses View