Franklin Resources Inc. Sells 5,093 Shares of Domo, Inc. (NASDAQ:DOMO)

Franklin Resources Inc. decreased its position in Domo, Inc. (NASDAQ:DOMO) by 6.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,801 shares of the company’s stock after selling 5,093 shares during the period. Franklin Resources Inc. owned approximately 0.20% of Domo worth $562,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC boosted its position in shares of Domo by 32.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,301,495 shares of the company’s stock valued at $10,042,000 after purchasing an additional 317,388 shares in the last quarter. Geode Capital Management LLC boosted its stake in Domo by 0.5% during the third quarter. Geode Capital Management LLC now owns 759,353 shares of the company’s stock worth $5,704,000 after acquiring an additional 4,091 shares in the last quarter. State Street Corp grew its holdings in Domo by 2.6% in the third quarter. State Street Corp now owns 750,371 shares of the company’s stock worth $5,635,000 after purchasing an additional 19,361 shares during the period. 272 Capital LP increased its stake in Domo by 52.1% in the second quarter. 272 Capital LP now owns 416,464 shares of the company’s stock valued at $3,215,000 after purchasing an additional 142,609 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Domo by 20.6% during the third quarter. FMR LLC now owns 301,457 shares of the company’s stock valued at $2,264,000 after purchasing an additional 51,494 shares during the period. Institutional investors own 76.64% of the company’s stock.

Domo Stock Performance

Shares of DOMO stock opened at $7.22 on Tuesday. Domo, Inc. has a 52-week low of $6.11 and a 52-week high of $12.23. The company has a 50-day simple moving average of $8.32 and a two-hundred day simple moving average of $7.80. The company has a market capitalization of $282.36 million, a price-to-earnings ratio of -3.30 and a beta of 2.44.

Domo (NASDAQ:DOMO) last posted 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 business had revenue of $79.68 million during the quarter, compared to analyst estimates of $77.56 million. The business’s revenue was down .1% on a year-over-year basis. On average, sell-side analysts forecast that Domo, Inc. will post -2.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DOMO has been the subject of several recent research reports. TD Cowen boosted their price objective on Domo from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, November 29th. JMP Securities restated a “market outperform” rating and set a $16.00 price objective on shares of Domo in a report on Friday, December 6th. Finally, Lake Street Capital boosted their target price on shares of Domo from $8.00 to $9.50 and gave the stock a “hold” rating in a research report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Domo currently has a consensus rating of “Hold” and a consensus target price of $10.10.

Domo Company 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.