NASDAQ:DOMO

Domo (DOMO) Stock Forecast, Price & News

$9.57

-0.20 (-2.05%)

(As of 09/22/2023 ET)

Compare

Today's Range: $9.51
▼
$9.83
50-Day Range: $9.57
▼
$17.87
52-Week Range: $9.35
▼
$20.18

Volume: 459,505 shs
Average Volume: 1.11 million shs
Market Capitalization: $345.29 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $17.86

Domo MarketRank™ Forecast

Analyst Rating: Hold
2.40 Rating Score
Upside/Downside: 86.6% Upside
$17.86 Price Target
Short Interest: Healthy
4.88% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -1.37
Upright™ Environmental Score
News Sentiment: 0.64
Based on 11 Articles This Week
Insider Trading: Acquiring Shares
$1.48 M Bought Last Quarter
Proj. Earnings Growth: Growing
From ($2.07) to ($1.32) Per Share

Overall MarketRank^™

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

2.70 out of 5 stars

Computer And Technology Sector

111th out of 581 stocks

Prepackaged Software Industry

24th out of 195 stocks

4.2

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 $17.86, Domo has a forecasted upside of 86.6% from its current price of $9.57.
Amount of Analyst Coverage
Domo has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
4.88% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Domo has recently increased by 25.71%, indicating that investor sentiment is decreasing 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.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Domo has received a 23.82% net impact score from Upright. The largest positive contribution comes from its "Creating knowledge" impact, which is driven by its "Enterprise systems integration software" product. See details.
Environmental Sustainability
The Environmental Impact score for Domo is -1.37.

3.1

News and Social Media Coverage

News Sentiment
Domo has a news sentiment score of 0.64. 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 11 news articles for Domo this week, compared to 4 articles on an average week.
Search Interest
23 people have searched for DOMO on MarketBeat in the last 30 days. This is an increase of 229% compared to the previous 30 days.
MarketBeat Follows
6 people have added Domo to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Domo insiders have bought 2,104.07% more of their company's stock than they have sold. Specifically, they have bought $1,478,030.00 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 ($2.07) to ($1.32) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Domo is -3.99, 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 -3.99, 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 (NASDAQ:DOMO) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

DOMO Stock News Headlines

September 23, 2023 | americanbankingnews.com

Domo (NASDAQ:DOMO) Now Covered by DA Davidson

September 22, 2023 | msn.com

DA Davidson Initiates Coverage of Domo Inc. - Class B (DOMO) with Neutral Recommendation

September 24, 2023 | Altimetry (Ad)

WARNING: Seven millionaires to trigger sudden market panic?

The next major selloff could be just days away…And seven powerful (yet completely unknown) insiders will be behind it all – and help corporate executives make a killing as it plays out. Here’s the full story.

September 22, 2023 | msn.com

Domo Loses Large Customers Amid Industry Competitive Pressures

September 22, 2023 | markets.businessinsider.com

5 Analysts Have This to Say About Domo

September 18, 2023 | finance.yahoo.com

Domo and Regional One Health Named 2023 Nucleus ROI Award Winners

September 18, 2023 | finance.yahoo.com

Down -42.31% in 4 Weeks, Here's Why Domo (DOMO) Looks Ripe for a Turnaround

September 16, 2023 | finance.yahoo.com

Domo's Market Cap Drops To US$366m Leaving Insiders With Losses

September 24, 2023 | Behind the Markets (Ad)

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September 15, 2023 | finance.yahoo.com

Down -39.2% in 4 Weeks, Here's Why Domo (DOMO) Looks Ripe for a Turnaround

September 12, 2023 | technews.tmcnet.com

Domo Named an Overall Leader in Dresner Advisory Services' 2023 Industry Excellence Awards

September 12, 2023 | finance.yahoo.com

Domo Named an Overall Leader in Dresner Advisory Services’ 2023 Industry Excellence Awards

September 12, 2023 | finance.yahoo.com

DTC Announces Collaboration with Nordic-Wing

September 8, 2023 | barrons.com

Domo Inc. Cl B

September 7, 2023 | msn.com

How little-known Germantown-based Domo Capital rode the GameStop stock wave. What's is its next big bet?

August 31, 2023 | benzinga.com

Domo Director Makes $1.50M Stock Purchase

August 31, 2023 | msn.com

Insider Trading: Domo (NASDAQ:DOMO) Stock Rises Following Director’s Purchase

August 31, 2023 | markets.businessinsider.com

$1.5M Bet On Domo? Check Out These 3 Stocks Insiders Are Buying

August 31, 2023 | msn.com

Domo further extends partnership with Google Cloud through Google Cloud Ready

August 30, 2023 | finance.yahoo.com

Domo Strengthens Partnership With Google Cloud Through Google Cloud Ready - BigQuery Designation

August 30, 2023 | finance.yahoo.com

All You Need to Know About Domo (DOMO) Rating Upgrade to Buy

August 28, 2023 | proactiveinvestors.com

Domo stock slide continues as company cuts full-year guidance

August 28, 2023 | finance.yahoo.com

Domo, Inc. (NASDAQ:DOMO) Q2 2024 Earnings Call Transcript

August 27, 2023 | theglobeandmail.com

Why Domo (DOMO) Shares Are Falling Today

August 27, 2023 | msn.com

Domo Stock Plummets 39% as Cloud Company Slashes Guidance

August 25, 2023 | seekingalpha.com

AFRM, ARBB, DOMO and MYSZ are among technology movers

August 25, 2023 | msn.com

Affirm, Marvell, Domo, Hawaiian Electric, AMC, Nordstrom, and More Stock Market Movers

See More Headlines

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DOMO Company Calendar

Last Earnings: 8/24/2023
Today: 9/23/2023
Next Earnings (Estimated): 12/14/2023
Fiscal Year End: 1/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:DOMO
CUSIP: N/A
CIK: 1505952
Web: www.domo.com
Phone: (801) 899-1000
Fax: 801-805-9501
Employees: 967
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $17.86
High Stock Price Forecast: $23.00
Low Stock Price Forecast: $10.00
Forecasted Upside/Downside: +86.6%
Consensus Rating: Hold
Rating Score (0-4): 2.40
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.40)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-105,550,000.00
Net Margins: -26.43%
Pretax Margin: -26.02%
Return on Equity: N/A
Return on Assets: -36.79%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.62
Quick Ratio: 0.62

Sales & Book Value

Annual Sales: $308.64 million
Price / Sales: 1.12
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($4.21) per share
Price / Book: -2.27

Miscellaneous

Outstanding Shares: 36,080,000
Free Float: 31,475,000
Market Cap: $345.29 million
Optionable: Optionable
Beta: 2.25

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Key Executives

Ms. Carine Strom Clark (Age 59)
Exec. Chairman
Comp: $181.48k

Mr. Joshua G. James (Age 50)
Founder, CEO & Director
Comp: $95k

Mr. Daren Thayne (Age 57)
CTO & Exec. VP of Engineering
Comp: $543.45k

Mr. David Jolley CPA (Age 59)
Chief Financial Officer

Mr. Peter Caldwell Lowry
VP of Investor Relations

Ms. Alexis Coll J.D.
Chief Legal Officer

Mr. Paul Weiskopf (Age 56)
Sr. VP of Corp. Devel.

Ms. Wendy Steinle
Chief Marketing Officer

Ms. Madison McCord
VP of HR

Mr. Chris Willis
Chief Design Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

DOMO Stock - Frequently Asked Questions

Should I buy or sell Domo stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Domo in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?: 5 equities research analysts have issued 12 month target prices for Domo's stock. Their DOMO share price forecasts range from $10.00 to $23.00. On average, they expect the company's stock price to reach $17.86 in the next year. This suggests a possible upside of 86.6% 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 at the beginning of 2023. Since then, DOMO stock has decreased by 32.8% and is now trading at $9.57.
View the best growth stocks for 2023 here.
Are investors shorting Domo?: Domo saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,760,000 shares, an increase of 25.7% from the August 15th total of 1,400,000 shares. Based on an average daily trading volume, of 636,400 shares, the days-to-cover ratio is currently 2.8 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 Thursday, December 14th 2023.
View our DOMO earnings forecast.
How were Domo's earnings last quarter?: Domo, Inc. (NASDAQ:DOMO) issued its earnings results on Thursday, August, 24th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.52) by $0.08. The business had revenue of $79.67 million for the quarter, compared to analysts' expectations of $79.02 million.
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 third quarter 2024 earnings guidance on Thursday, August, 24th. The company provided EPS guidance of -$0.14--$0.10 for the period, compared to the consensus EPS estimate of -$0.06. The company issued revenue guidance of $78.50 million-$79.50 million, compared to the consensus revenue estimate of $82.07 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).
When did Domo IPO?: (DOMO) raised $189 million in an initial public offering on Friday, June 29th 2018. The company issued 9,200,000 shares at $19.00-$22.00 per share. Morgan Stanley, Allen & Company, Credit Suisse and UBS Securities acted as the underwriters for the IPO and William Blair, JMP Securities and Cowen were co-managers.
What is Domo's stock symbol?: Domo trades on the NASDAQ under the ticker symbol "DOMO."
Who are Domo's major shareholders?: Domo's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.56%), State Street Corp (3.13%), Nuveen Asset Management LLC (1.79%), Geode Capital Management LLC (1.74%), Acadian Asset Management LLC (1.58%) and Renaissance Technologies LLC (1.46%). 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.
What is Domo's stock price today?: One share of DOMO stock can currently be purchased for approximately $9.57.
How much money does Domo make?: Domo (NASDAQ:DOMO) has a market capitalization of $345.29 million and generates $308.64 million in revenue each year. The company earns $-105,550,000.00 in net income (profit) each year or ($2.40) on an earnings per share basis.
How many employees does Domo have?: The company employs 967 workers across the globe.
How can I contact Domo?: Domo's mailing address is 772 EAST UTAH VALLEY DRIVE, AMERICAN FORK UT, 84003. The official website for the company is www.domo.com. The company can be reached via phone at (801) 899-1000, via email at ir@domo.com, or via fax at 801-805-9501.

This page (NASDAQ:DOMO) was last updated on 9/24/2023 by MarketBeat.com Staff

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