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.

Analyst Ratings Changes

DOMO has been the topic of several research analyst reports. Cowen reduced their price objective on Domo from $63.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, July 1st. 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. JMP Securities reduced their price target on Domo from $88.00 to $59.00 in a research report on Friday, May 27th. Finally, Morgan Stanley reduced their price target on Domo from $90.00 to $74.00 and set an "overweight" rating on the stock in a research report on Thursday, May 19th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $68.60.

Domo Trading Up 5.2 %

DOMO Stock traded up $1.69 during midday trading on Wednesday, hitting $33.99. 11,021 shares of the company's stock were exchanged, compared to its average volume of 391,244. Domo has a 12-month low of $23.01 and a 12-month high of $98.35. The firm has a 50 day moving average price of $29.83 and a 200-day moving average price of $38.59. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -9.60 and a beta of 2.48.

Domo (NASDAQ:DOMO - Get Rating) last posted its quarterly earnings data on Thursday, May 26th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.83) by ($0.16). The business had revenue of $74.50 million during the quarter, compared to the consensus estimate of $74.10 million. During the same quarter in the previous year, the company earned ($0.58) EPS. The firm's revenue was up 24.0% compared to the same quarter last year. On average, sell-side analysts forecast that Domo will post -4.21 EPS for the current fiscal year.

Insiders Place Their Bets

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