Domo, Inc. (NASDAQ:DOMO) Holdings Increased by Barclays PLC

Barclays PLC lifted its stake in Domo, Inc. (NASDAQ:DOMO) by 56.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,611 shares of the company’s stock after acquiring an additional 28,838 shares during the period. Barclays PLC owned 0.20% of Domo worth $598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DOMO. Geode Capital Management LLC lifted its position in Domo by 0.5% in the third quarter. Geode Capital Management LLC now owns 759,353 shares of the company’s stock worth $5,704,000 after purchasing an additional 4,091 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Domo in the 3rd quarter worth $181,000. XTX Topco Ltd bought a new stake in shares of Domo in the 3rd quarter worth $97,000. State Street Corp lifted its holdings in shares of Domo by 2.6% in the third quarter. State Street Corp now owns 750,371 shares of the company’s stock valued at $5,635,000 after buying an additional 19,361 shares during the period. Finally, Parallax Volatility Advisers L.P. boosted its stake in Domo by 113.9% during the third quarter. Parallax Volatility Advisers L.P. now owns 29,990 shares of the company’s stock valued at $225,000 after buying an additional 246,016 shares in the last quarter. 76.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DOMO shares. Lake Street Capital boosted their price target 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. TD Cowen boosted their target price on shares of Domo from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, November 29th. Finally, JMP Securities reissued a “market outperform” rating and set a $16.00 target price on shares of Domo in a research note on Friday, December 6th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.10.

Domo Trading Up 4.9 %

Shares of DOMO opened at $7.12 on Friday. The business’s 50-day moving average price is $8.01 and its 200 day moving average price is $7.79. The stock has a market capitalization of $278.45 million, a P/E ratio of -3.25 and a beta of 2.46. Domo, Inc. has a 1-year low of $6.11 and a 1-year high of $12.23.

Domo (NASDAQ:DOMO) last released 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 firm had revenue of $79.68 million for the quarter, compared to analyst estimates of $77.56 million. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts predict that Domo, Inc. will post -2.1 earnings per share 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.