Cantor Fitzgerald Begins Coverage on Domo (NASDAQ:DOMO)

Cantor Fitzgerald started coverage on shares of Domo (NASDAQ:DOMO) in a research note issued on Tuesday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $11.00 price target on the stock. Cantor Fitzgerald’s price target points to a potential upside of 22.63% from the company’s previous close.

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

Domo Price Performance

NASDAQ DOMO opened at $8.97 on Tuesday. The company’s fifty day moving average is $7.64 and its two-hundred day moving average is $7.84. The firm has a market capitalization of $350.82 million, a price-to-earnings ratio of -4.10 and a beta of 2.49. Domo has a 52-week low of $6.11 and a 52-week high of $11.87.

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

Institutional Investors Weigh In On Domo

Several large investors have recently made changes to their positions in the company. R Squared Ltd bought a new position in Domo during the 4th quarter valued at about $56,000. SG Americas Securities LLC bought a new position in shares of Domo in the third quarter valued at approximately $88,000. Riggs Capital Management LLC acquired a new position in shares of Domo in the 4th quarter worth approximately $85,000. XTX Topco Ltd bought a new stake in Domo during the 3rd quarter worth approximately $97,000. Finally, Quest Partners LLC grew its position in Domo by 291.9% during the 3rd quarter. Quest Partners LLC now owns 13,700 shares of the company’s stock worth $103,000 after acquiring an additional 10,204 shares during the last quarter. Institutional investors 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.