Domo, Inc. (NASDAQ:DOMO) Receives Consensus Rating of “Hold” from Analysts

Shares of Domo, Inc. (NASDAQ:DOMO) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $10.08.

Several research analysts recently commented on the stock. 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. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $11.00 price target on shares of Domo in a research report on Friday. JMP Securities reissued a “market outperform” rating and issued a $16.00 price objective on shares of Domo in a research report on Friday, December 6th. DA Davidson started coverage on Domo in a research note on Friday. They set a “neutral” rating and a $8.00 target price on the stock. Finally, Lake Street Capital decreased their price target on Domo from $9.50 to $8.50 and set a “hold” rating for the company in a research note on Friday.

Hedge Funds Weigh In On Domo

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Domo by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 5,107,851 shares of the company’s stock valued at $36,164,000 after purchasing an additional 36,029 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings 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 purchasing an additional 282,943 shares during the period. RPD Fund Management LLC purchased a new stake in Domo in the fourth quarter valued at approximately $15,449,000. Geode Capital Management LLC boosted 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 valued at $5,458,000 after buying an additional 11,457 shares during the last quarter. Finally, State Street Corp increased its holdings in Domo by 2.6% in the 3rd quarter. State Street Corp now owns 750,371 shares of the company’s stock worth $5,635,000 after buying an additional 19,361 shares during the period. 76.64% of the stock is owned by institutional investors and hedge funds.

Domo Trading Up 16.0 %

Shares of NASDAQ:DOMO opened at $8.18 on Friday. The company has a market capitalization of $319.90 million, a PE ratio of -3.74 and a beta of 2.56. Domo has a 12-month low of $6.11 and a 12-month high of $11.25. The business’s fifty day simple moving average is $7.81 and its 200-day simple moving average is $7.88.

Domo (NASDAQ:DOMO) last posted its earnings results on Thursday, March 6th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The business had revenue of $78.77 million during the quarter, compared to the consensus estimate of $77.95 million. Research analysts predict that Domo will post -2.1 EPS for the current year.

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.