Domo, Inc. (NASDAQ:DOMO) Shares Acquired by State Street Corp

State Street Corp lifted its holdings in Domo, Inc. (NASDAQ:DOMO) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 750,371 shares of the company’s stock after acquiring an additional 19,361 shares during the period. State Street Corp owned approximately 1.94% of Domo worth $5,635,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in shares of Domo by 17.0% during the second quarter. Bank of New York Mellon Corp now owns 124,571 shares of the company’s stock valued at $962,000 after acquiring an additional 18,135 shares in the last quarter. Ceera Investments LLC raised its holdings in shares of Domo by 27.5% during the second quarter. Ceera Investments LLC now owns 212,910 shares of the company’s stock worth $1,644,000 after purchasing an additional 45,899 shares during the period. Acadian Asset Management LLC lifted its position in shares of Domo by 32.3% in the 2nd quarter. Acadian Asset Management LLC now owns 1,301,495 shares of the company’s stock worth $10,042,000 after buying an additional 317,388 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Domo by 45.4% in the 2nd quarter. Hsbc Holdings PLC now owns 37,385 shares of the company’s stock worth $289,000 after buying an additional 11,674 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Domo by 7.5% in the 2nd 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 during the period. Institutional investors and hedge funds own 76.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. JMP Securities reissued a “market outperform” rating and issued a $16.00 target price on shares of Domo in a report on Friday, December 6th. TD Cowen lifted their price target on Domo from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, November 29th. Finally, Lake Street Capital increased their price objective on Domo from $8.00 to $9.50 and gave the stock a “hold” rating in a report on Friday, December 6th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $10.10.

Domo Stock Down 0.7 %

Shares of DOMO opened at $7.37 on Friday. The firm has a 50-day moving average price of $8.32 and a 200 day moving average price of $7.79. The firm has a market capitalization of $288.23 million, a PE ratio of -3.37 and a beta of 2.44. 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 (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.27). The firm had revenue of $79.68 million during the quarter, compared to the consensus estimate of $77.56 million. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts expect that Domo, Inc. will post -2.1 EPS for the current year.

Domo Profile

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.