Domo (NASDAQ:DOMO) Earns Overweight Rating from Analysts at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Domo (NASDAQ:DOMO) in a research report report published on Tuesday, Marketbeat.com reports. The firm issued an overweight rating and a $11.00 target price on the stock. Cantor Fitzgerald also issued estimates for Domo’s FY2025 earnings at ($2.09) EPS.

Several other analysts have also recently commented on DOMO. TD Cowen raised their price target on Domo from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, November 29th. JMP Securities reiterated a “market outperform” rating and issued a $16.00 price objective on shares of Domo in a research note on Friday, December 6th. Finally, Lake Street Capital boosted their price objective on shares of Domo from $8.00 to $9.50 and gave the stock a “hold” rating in a report on Friday, December 6th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Domo currently has a consensus rating of “Hold” and a consensus price target of $10.25.

Domo Price Performance

Shares of NASDAQ:DOMO opened at $9.15 on Tuesday. The firm has a market capitalization of $357.86 million, a P/E ratio of -4.18 and a beta of 2.49. Domo has a 12 month low of $6.11 and a 12 month high of $11.87. The company’s fifty day moving average price is $7.63 and its 200 day moving average price is $7.85.

Domo (NASDAQ:DOMO) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.27). The company had revenue of $79.68 million for the quarter, compared to analysts’ expectations of $77.56 million. The firm’s revenue was down .1% on a year-over-year basis. On average, sell-side analysts anticipate that Domo will post -2.1 EPS for the current year.

Institutional Investors Weigh In On Domo

Large investors have recently bought and sold shares of the stock. XTX Topco Ltd lifted its position in Domo by 163.0% during the fourth quarter. XTX Topco Ltd now owns 33,843 shares of the company’s stock worth $240,000 after buying an additional 20,977 shares during the period. Barclays PLC increased its stake in shares of Domo by 3.7% during the 4th quarter. Barclays PLC now owns 82,573 shares of the company’s stock valued at $584,000 after acquiring an additional 2,962 shares during the last quarter. CenterBook Partners LP purchased a new position in shares of Domo during the 4th quarter worth about $1,586,000. Raymond James Financial Inc. acquired a new stake in shares of Domo in the fourth quarter worth approximately $173,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Domo in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 76.64% of the company’s stock.

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.