JPMorgan Chase & Co. Grows Stake in Domo, Inc. (NASDAQ:DOMO)

JPMorgan Chase & Co. increased its holdings in Domo, Inc. (NASDAQ:DOMO) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 524,105 shares of the company’s stock after purchasing an additional 12,494 shares during the period. JPMorgan Chase & Co. owned 1.34% of Domo worth $3,936,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of 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 last quarter. State Street Corp increased its stake in Domo by 2.6% in the 3rd quarter. State Street Corp now owns 750,371 shares of the company’s stock worth $5,635,000 after acquiring an additional 19,361 shares during the last quarter. 272 Capital LP raised its holdings in shares of Domo by 52.1% during the 2nd quarter. 272 Capital LP now owns 416,464 shares of the company’s stock worth $3,215,000 after acquiring an additional 142,609 shares in the last quarter. FMR LLC boosted its position in shares of Domo by 20.6% during the 3rd quarter. FMR LLC now owns 301,457 shares of the company’s stock valued at $2,264,000 after acquiring an additional 51,494 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Domo by 7.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 267,553 shares of the company’s stock valued at $2,009,000 after purchasing an additional 18,069 shares in the last quarter. 76.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Domo Trading Up 2.0 %

Domo stock opened at $7.26 on Friday. Domo, Inc. has a 12-month low of $6.11 and a 12-month high of $12.23. The firm has a 50-day moving average price of $7.98 and a 200-day moving average price of $7.79. The firm has a market capitalization of $283.94 million, a PE ratio of -3.32 and a beta of 2.46.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Thursday, December 5th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.27). The business had revenue of $79.68 million for the quarter, compared to analyst estimates of $77.56 million. The firm’s quarterly revenue was down .1% on a year-over-year basis. As a group, sell-side analysts predict that Domo, Inc. will post -2.1 earnings per share for the current fiscal 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.