SG Americas Securities LLC Buys 2,247 Shares of Domo, Inc. (NASDAQ:DOMO)

SG Americas Securities LLC lifted its stake in Domo, Inc. (NASDAQ:DOMO) by 19.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,987 shares of the company’s stock after acquiring an additional 2,247 shares during the period. SG Americas Securities LLC’s holdings in Domo were worth $99,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Domo by 2.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 524,105 shares of the company’s stock worth $3,936,000 after acquiring an additional 12,494 shares in the last quarter. Barclays PLC raised its position in shares of Domo by 56.8% in the 3rd quarter. Barclays PLC now owns 79,611 shares of the company’s stock worth $598,000 after acquiring an additional 28,838 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Domo by 0.5% in the 3rd 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. Y Intercept Hong Kong Ltd bought a new position in shares of Domo in the 3rd quarter worth $181,000. Finally, XTX Topco Ltd bought a new position in shares of Domo in the 3rd quarter worth $97,000. 76.64% of the stock is owned by institutional investors.

Domo Stock Performance

Domo stock opened at $8.97 on Thursday. The business’s 50-day simple moving average is $7.64 and its two-hundred day simple moving average is $7.84. The company has a market cap of $350.82 million, a PE ratio of -4.10 and a beta of 2.49. Domo, Inc. has a fifty-two week low of $6.11 and a fifty-two week high of $11.87.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DOMO. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 target price on shares of Domo in a research report on Friday, December 6th. Cantor Fitzgerald began coverage on Domo in a research report on Tuesday. They set an “overweight” rating and a $11.00 target price on the stock. TD Cowen upped their target price on Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 29th. Finally, Lake Street Capital upped their target price on Domo from $8.00 to $9.50 and gave the company a “hold” rating in a research report on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.25.

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.