Domo, Inc. (NASDAQ:DOMO) Stock Holdings Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of Domo, Inc. (NASDAQ:DOMO) by 7.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,553 shares of the company’s stock after purchasing an additional 18,069 shares during the period. Charles Schwab Investment Management Inc. owned 0.69% of Domo worth $2,009,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Domo in the third quarter worth approximately $88,000. Quest Partners LLC grew its position in Domo by 291.9% in the third quarter. Quest Partners LLC now owns 13,700 shares of the company’s stock worth $103,000 after acquiring an additional 10,204 shares in the last quarter. Rockwood Wealth Management LLC acquired a new position in shares of Domo during the 2nd quarter worth $104,000. Olympiad Research LP acquired a new position in shares of Domo during the 3rd quarter worth $161,000. Finally, Hsbc Holdings PLC raised its holdings in shares of Domo by 45.4% during the 2nd quarter. Hsbc Holdings PLC now owns 37,385 shares of the company’s stock valued at $289,000 after purchasing an additional 11,674 shares in the last quarter. 76.64% of the stock is currently owned by institutional investors and hedge funds.

Domo Price Performance

DOMO stock opened at $7.41 on Tuesday. The stock has a market capitalization of $286.25 million, a price-to-earnings ratio of -3.38 and a beta of 2.44. The company has a 50-day moving average of $8.38 and a two-hundred day moving average of $7.77. Domo, Inc. has a 52-week low of $6.11 and a 52-week high of $12.23.

Domo (NASDAQ:DOMO) last announced its earnings results 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% on a year-over-year basis. Equities analysts expect that Domo, Inc. will post -2.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DOMO shares. JMP Securities reiterated a “market outperform” rating and issued a $16.00 price objective on shares of Domo in a report on Friday, December 6th. TD Cowen upped their price target on Domo from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, November 29th. Lake Street Capital raised their price objective on Domo from $8.00 to $9.50 and gave the company a “hold” rating in a research note on Friday, December 6th. Finally, DA Davidson boosted their target price on Domo from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.10.

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.