Domo - DOMO Stock Forecast, Price & News

Domo, Inc. operates a cloud-based business intelligence platform in the United States, Japan, and internationally. Its platform digitally connects from the chief executive officer to the frontline employee with the people, data, and systems in an organization, 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 Down 2.2 %

Shares of NASDAQ:DOMO traded down $0.73 during midday trading on Friday, reaching $33.17. The company's stock had a trading volume of 359,866 shares, compared to its average volume of 335,879. Domo has a fifty-two week low of $23.01 and a fifty-two week high of $98.35. The firm has a 50 day moving average price of $29.84 and a two-hundred day moving average price of $38.48.

Domo (NASDAQ:DOMO - Get Rating) last issued its earnings results on Thursday, May 26th. The company reported ($0.99) earnings per share for the quarter, missing analysts' consensus estimates of ($0.83) by ($0.16). The business had revenue of $74.50 million during the quarter, compared to analyst estimates of $74.10 million. The business's quarterly revenue was up 24.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.58) EPS. Equities research analysts predict that Domo will post -4.21 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Morgan Stanley lowered their price objective on Domo from $90.00 to $74.00 and set an "overweight" rating for the company in a research note on Thursday, May 19th. JMP Securities cut their price target on shares of Domo from $88.00 to $59.00 in a report on Friday, May 27th. Cowen decreased their price objective on Domo from $63.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, July 1st. Finally, Cowen reduced their price target on Domo from $63.00 to $50.00 and set an "outperform" rating on the stock in a research report on Friday, July 1st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $68.60.

Insider Buying and Selling at Domo

In other news, CEO John M. Mellor sold 6,788 shares of the stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $27.30, for a total transaction of $185,312.40. Following the transaction, the chief executive officer now owns 379,171 shares of the company's stock, valued at approximately $10,351,368.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Domo news, CEO John M. Mellor sold 6,788 shares of the business's stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $27.30, for a total transaction of $185,312.40. Following the completion of the sale, the chief executive officer now owns 379,171 shares in the company, valued at approximately $10,351,368.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Catherine Wong sold 3,750 shares of the firm's stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $27.13, for a total transaction of $101,737.50. Following the completion of the transaction, the chief operating officer now directly owns 299,027 shares in the company, valued at $8,112,602.51. The disclosure for this sale can be found here. Insiders own 10.85% of the company's stock.