Domo’s (DOMO) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Domo (NASDAQ:DOMO) in a research note issued to investors on Friday morning,Benzinga reports. They currently have a $11.00 price objective on the stock.

DOMO has been the subject of a number of other reports. Lake Street Capital lifted their target price on Domo from $8.00 to $9.50 and gave the company a “hold” rating in a research note on Friday, December 6th. TD Cowen lifted their target price on Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, November 29th. JMP Securities restated a “market outperform” rating and issued a $16.00 target price on shares of Domo in a research note on Friday, December 6th. Finally, DA Davidson started coverage on Domo in a research note on Friday. They issued a “neutral” rating and a $8.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.08.

Domo Stock Performance

Shares of NASDAQ DOMO opened at $8.18 on Friday. The firm has a market cap of $319.90 million, a price-to-earnings ratio of -3.74 and a beta of 2.56. Domo has a 1 year low of $6.11 and a 1 year high of $11.25. The stock’s 50-day simple moving average is $7.83 and its 200-day simple moving average is $7.87.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The company had revenue of $78.77 million during the quarter, compared to analysts’ expectations of $77.95 million. As a group, research analysts predict that Domo will post -2.1 EPS for the current year.

Hedge Funds Weigh In On Domo

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Domo by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 5,107,851 shares of the company’s stock worth $36,164,000 after buying an additional 36,029 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Domo by 9.4% during the fourth quarter. Ameriprise Financial Inc. now owns 3,287,833 shares of the company’s stock worth $23,278,000 after buying an additional 282,943 shares during the period. RPD Fund Management LLC acquired a new stake in Domo in the fourth quarter worth approximately $15,449,000. Geode Capital Management LLC lifted its position in Domo by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 770,810 shares of the company’s stock worth $5,458,000 after purchasing an additional 11,457 shares during the period. Finally, State Street Corp lifted its position 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. 76.64% of the stock is currently owned by institutional investors and hedge funds.

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.