Domo, Inc. (NASDAQ:DOMO) Short Interest Update

Domo, Inc. (NASDAQ:DOMO) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 2,290,000 shares, an increase of 6.0% from the August 31st total of 2,160,000 shares. Currently, 7.3% of the shares of the company are short sold. Based on an average daily volume of 356,400 shares, the short-interest ratio is presently 6.4 days.

Domo Stock Down 4.5 %

Shares of DOMO stock traded down $0.34 on Tuesday, reaching $7.17. The company had a trading volume of 149,375 shares, compared to its average volume of 394,849. The business’s 50-day moving average is $7.62 and its 200 day moving average is $7.68. Domo has a one year low of $6.11 and a one year high of $12.23. The stock has a market capitalization of $273.71 million, a PE ratio of -3.58 and a beta of 2.44.

Domo (NASDAQ:DOMO) last posted its earnings results on Thursday, August 29th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.21. The company had revenue of $78.41 million for the quarter, compared to the consensus estimate of $76.60 million. During the same period in the previous year, the firm posted ($0.44) EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts forecast that Domo will post -2.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on DOMO. JMP Securities reissued a “market outperform” rating and issued a $16.00 target price on shares of Domo in a report on Friday, August 30th. TD Cowen lifted their price objective on shares of Domo from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Finally, DA Davidson upped their target price on Domo from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.60.

Insider Buying and Selling

In other news, CFO David R. Jolley acquired 10,000 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $6.99 per share, for a total transaction of $69,900.00. Following the transaction, the chief financial officer now directly owns 291,465 shares of the company’s stock, valued at $2,037,340.35. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 14.04% of the stock is currently owned by insiders.

Institutional Trading of Domo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Domo by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 4,826,254 shares of the company’s stock valued at $43,050,000 after purchasing an additional 108,200 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Domo by 32.3% in the 2nd quarter. Acadian Asset Management LLC now owns 1,301,495 shares of the company’s stock valued at $10,042,000 after purchasing an additional 317,388 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Domo by 0.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 628,503 shares of the company’s stock valued at $5,606,000 after purchasing an additional 2,501 shares in the last quarter. 272 Capital LP increased its holdings in Domo by 52.1% in the second quarter. 272 Capital LP now owns 416,464 shares of the company’s stock worth $3,215,000 after purchasing an additional 142,609 shares in the last quarter. Finally, Invenomic Capital Management LP boosted its holdings in shares of Domo by 42.1% during the 1st quarter. Invenomic Capital Management LP now owns 316,964 shares of the company’s stock worth $2,827,000 after buying an additional 93,858 shares in the last quarter. Institutional investors and hedge funds own 76.64% of the company’s stock.

About Domo

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.