Analysts Set Domo, Inc. (NASDAQ:DOMO) Target Price at $10.67

Domo, Inc. (NASDAQ:DOMO) has been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $10.67.

A number of analysts have commented on the company. JMP Securities reissued a “market outperform” rating and set a $16.00 price objective on shares of Domo in a report on Thursday, May 22nd. Cantor Fitzgerald upped their target price on Domo from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, May 22nd. Cowen reiterated a “hold” rating on shares of Domo in a research note on Thursday, May 22nd. DA Davidson increased their target price on Domo from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, May 22nd. Finally, Lake Street Capital restated a “hold” rating and set a $9.00 target price (up previously from $8.50) on shares of Domo in a research report on Thursday, May 22nd.

Domo Trading Down 3.4%

DOMO stock opened at $12.63 on Monday. The stock has a 50-day moving average price of $9.94 and a 200-day moving average price of $8.61. Domo has a 1-year low of $6.01 and a 1-year high of $14.83. The firm has a market cap of $508.23 million, a PE ratio of -6.68 and a beta of 1.84.

Domo (NASDAQ:DOMO) last issued its earnings results on Wednesday, May 21st. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.10. The firm had revenue of $80.11 million during the quarter, compared to the consensus estimate of $77.75 million. During the same period in the previous year, the firm earned ($0.33) earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts forecast that Domo will post -2.1 earnings per share for the current year.

Insider Activity

In other news, CEO Joshua G. James bought 77,300 shares of the company’s stock in a transaction dated Friday, April 4th. The stock was bought at an average cost of $6.50 per share, for a total transaction of $502,450.00. Following the completion of the acquisition, the chief executive officer now owns 116,600 shares in the company, valued at approximately $757,900. This trade represents a 196.69% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Daniel David Daniel III bought 120,000 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were purchased at an average price of $6.44 per share, with a total value of $772,800.00. Following the completion of the acquisition, the director now owns 781,400 shares of the company’s stock, valued at $5,032,216. This trade represents a 18.14% increase in their position. The disclosure for this purchase can be found here. Insiders own 15.24% of the company’s stock.

Institutional Investors Weigh In On Domo

A number of large investors have recently added to or reduced their stakes in DOMO. RPD Fund Management LLC bought a new stake in shares of Domo in the 4th quarter worth about $15,449,000. AIGH Capital Management LLC bought a new position in Domo during the 1st quarter valued at about $5,832,000. Ameriprise Financial Inc. grew its holdings in Domo by 9.4% during the 4th quarter. Ameriprise Financial Inc. now owns 3,287,833 shares of the company’s stock valued at $23,278,000 after purchasing an additional 282,943 shares during the last quarter. CenterBook Partners LP bought a new position in Domo during the 4th quarter valued at about $1,586,000. Finally, Nuveen LLC bought a new position in Domo during the 1st quarter valued at about $1,248,000. Institutional investors 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.