Domo, Inc. (NASDAQ:DOMO) Stock Position Lessened by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its holdings in Domo, Inc. (NASDAQ:DOMO) by 29.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,464 shares of the company’s stock after selling 7,403 shares during the quarter. Mackenzie Financial Corp’s holdings in Domo were worth $135,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of DOMO. 272 Capital LP boosted its stake in Domo by 52.1% during the second quarter. 272 Capital LP now owns 416,464 shares of the company’s stock valued at $3,215,000 after buying an additional 142,609 shares in the last quarter. Sei Investments Co. boosted its stake in Domo by 7.5% during the second quarter. Sei Investments Co. now owns 103,809 shares of the company’s stock valued at $801,000 after buying an additional 7,222 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Domo by 45.4% during the second quarter. Hsbc Holdings PLC now owns 37,385 shares of the company’s stock valued at $289,000 after buying an additional 11,674 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Domo by 32.3% during the second quarter. Acadian Asset Management LLC now owns 1,301,495 shares of the company’s stock valued at $10,042,000 after buying an additional 317,388 shares in the last quarter. Finally, Ceera Investments LLC boosted its stake in Domo by 27.5% during the second quarter. Ceera Investments LLC now owns 212,910 shares of the company’s stock valued at $1,644,000 after buying an additional 45,899 shares in the last quarter. Institutional investors own 76.64% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on DOMO shares. DA Davidson raised their target price on Domo from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 target price on shares of Domo in a report on Friday, August 30th. Finally, TD Cowen upped their target price on Domo from $8.00 to $9.00 and gave the company a “hold” rating in a report on Friday, August 30th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9.60.

Domo Stock Down 0.5 %

Shares of NASDAQ DOMO opened at $7.30 on Tuesday. Domo, Inc. has a 12 month low of $6.11 and a 12 month high of $12.23. The company has a market cap of $278.49 million, a price-to-earnings ratio of -3.47 and a beta of 2.45. The business has a fifty day simple moving average of $7.51 and a 200-day simple moving average of $7.60.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Thursday, August 29th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.21. The business had revenue of $78.41 million during the quarter, compared to analysts’ expectations of $76.60 million. The firm’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.44) earnings per share. As a group, sell-side analysts expect that Domo, Inc. will post -2.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Domo news, CFO David R. Jolley acquired 10,000 shares of Domo stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $6.99 per share, with a total value of $69,900.00. Following the purchase, the chief financial officer now owns 291,465 shares in the company, valued at approximately $2,037,340.35. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 14.04% of the company’s stock.

About Domo

Domo, Inc, together with its subsidiaries, 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 via various browsers and visualization engines accessible across laptops, TV screens, monitors, tablets, and smartphones.