Brokerages Set Domo, Inc. (NASDAQ:DOMO) Target Price at $10.25

Domo, Inc. (NASDAQ:DOMO) has earned a consensus rating of “Hold” from the six research firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $10.25.

Several analysts have issued reports on DOMO shares. Lake Street Capital raised their price objective on shares of Domo from $8.00 to $9.50 and gave the stock a “hold” rating in a research note on Friday, December 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price objective on shares of Domo in a research note on Friday, December 6th. TD Cowen boosted their price objective on shares of Domo from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, November 29th. Finally, Cantor Fitzgerald began coverage on shares of Domo in a research report on Tuesday. They set an “overweight” rating and a $11.00 price target for the company.

Institutional Trading of Domo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DOMO. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Domo during the fourth quarter worth about $47,000. R Squared Ltd purchased a new stake in Domo in the 4th quarter valued at $56,000. Riggs Capital Management LLC acquired a new stake in Domo during the fourth quarter worth about $85,000. SG Americas Securities LLC acquired a new stake in shares of Domo during the 3rd quarter worth approximately $88,000. Finally, XTX Topco Ltd purchased a new stake in Domo in the third quarter valued at $97,000. Institutional investors and hedge funds own 76.64% of the company’s stock.

Domo Trading Up 2.0 %

NASDAQ DOMO opened at $9.15 on Tuesday. Domo has a 12 month low of $6.11 and a 12 month high of $11.87. The stock has a market cap of $357.86 million, a PE ratio of -4.18 and a beta of 2.49. The stock’s 50 day moving average is $7.63 and its 200 day moving average is $7.85.

Domo (NASDAQ:DOMO) last released 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. Domo’s revenue was down .1% on a year-over-year basis. On average, analysts forecast that Domo will post -2.1 EPS for the current fiscal year.

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.