Domo’s (DOMO) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Domo (NASDAQ:DOMO) in a research note released on Friday,Benzinga reports. They currently have a $16.00 target price on the stock.

Other equities analysts also recently issued research reports about the stock. DA Davidson boosted their price objective on shares of Domo from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. TD Cowen boosted their price target on Domo from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, November 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $10.10.

Domo Stock Down 18.1 %

Shares of NASDAQ DOMO opened at $7.98 on Friday. Domo has a twelve month low of $6.11 and a twelve month high of $12.23. The firm has a market cap of $308.28 million, a PE ratio of -3.64 and a beta of 2.44. The business has a fifty day simple moving average of $8.33 and a two-hundred day simple moving average of $7.74.

Domo (NASDAQ:DOMO) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.27). The company had revenue of $79.68 million during the quarter, compared to analysts’ expectations of $77.56 million. The firm’s quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts expect that Domo will post -2.31 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. raised its holdings in shares of Domo by 51.1% in the second quarter. Harbor Capital Advisors Inc. now owns 6,208 shares of the company’s stock worth $48,000 after buying an additional 2,100 shares during the last quarter. SG Americas Securities LLC purchased a new position in Domo in the 3rd quarter worth $88,000. XTX Topco Ltd acquired a new stake in Domo during the 3rd quarter worth about $97,000. Quest Partners LLC grew its stake in Domo by 291.9% during the 3rd quarter. Quest Partners LLC now owns 13,700 shares of the company’s stock valued at $103,000 after purchasing an additional 10,204 shares during the last quarter. Finally, Rockwood Wealth Management LLC acquired a new position in shares of Domo in the second quarter valued at about $104,000. 76.64% of the stock is currently owned by hedge funds and other institutional investors.

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.