Domo (DOMO) Stock Forecast, Price & News

5 Wall Street 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 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.
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5 Wall Street analysts have issued 12-month target prices for Domo's shares. Their DOMO share price forecasts range from $10.00 to $23.00. On average, they predict the company's share price to reach $17.86 in the next year. This suggests a possible upside of 85.0% from the stock's current price.
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Domo's stock was trading at $14.24 on January 1st, 2023. Since then, DOMO shares have decreased by 32.2% and is now trading at $9.65.
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Domo saw a increase in short interest in 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 trading volume of 636,400 shares, the days-to-cover ratio is currently 2.8 days.
View Domo's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 14th 2023.
View our DOMO earnings forecast.

Domo, Inc. (NASDAQ:DOMO) posted its earnings results on Thursday, August, 24th. The company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $0.08. The firm had revenue of $79.67 million for the quarter, compared to the consensus estimate of $79.02 million.

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).

Domo issued an update on its third quarter 2024 earnings guidance on Thursday, August, 24th. The company provided earnings per share (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.

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.

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 $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.

Domo trades on the NASDAQ under the ticker symbol "DOMO."

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.

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.
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One share of DOMO stock can currently be purchased for approximately $9.65.

Domo (NASDAQ:DOMO) has a market capitalization of $348.17 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.

The company employs 967 workers across the globe.

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.