Domo (NASDAQ:DOMO) Stock Rating Reaffirmed by JMP Securities

JMP Securities reiterated their market outperform rating on shares of Domo (NASDAQ:DOMO) in a research report report published on Thursday morning, Benzinga reports. They currently have a $16.00 target price on the stock.

A number of other analysts have also commented on the company. Morgan Stanley cut their price target on Domo from $13.00 to $7.00 and set an equal weight rating on the stock in a research note on Friday, May 24th. DA Davidson reissued a neutral rating and set a $10.00 price target on shares of Domo in a research note on Thursday, March 28th. Lake Street Capital lowered Domo from a buy rating to a hold rating and cut their price target for the company from $15.00 to $8.00 in a research note on Friday, May 24th. Finally, TD Cowen cut their price target on Domo from $11.50 to $10.00 and set a hold rating on the stock in a research note on Tuesday, May 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $10.20.

Domo Stock Up 4.2 %

Domo stock opened at $6.90 on Thursday. Domo has a 12-month low of $6.11 and a 12-month high of $18.19. The business’s 50-day moving average price is $7.21 and its two-hundred day moving average price is $9.09. The stock has a market cap of $263.37 million, a PE ratio of -3.29 and a beta of 2.33.

Domo (NASDAQ:DOMO) last announced its quarterly earnings results on Thursday, May 23rd. The company reported ($0.71) EPS for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.07). The firm had revenue of $80.10 million during the quarter, compared to analysts’ expectations of $79.57 million. As a group, analysts expect that Domo will post -2.4 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Daren Thayne sold 22,500 shares of Domo stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $9.04, for a total value of $203,400.00. Following the transaction, the executive vice president now directly owns 343,758 shares of the company’s stock, valued at $3,107,572.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Domo news, CFO David R. Jolley sold 12,000 shares of Domo stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $8.50, for a total value of $102,000.00. Following the completion of the sale, the chief financial officer now directly owns 215,543 shares in the company, valued at $1,832,115.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Daren Thayne sold 22,500 shares of Domo stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $9.04, for a total value of $203,400.00. Following the completion of the sale, the executive vice president now owns 343,758 shares of the company’s stock, valued at $3,107,572.32. The disclosure for this sale can be found here. 14.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Domo

A number of hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp increased its holdings in shares of Domo by 6.7% during the fourth quarter. Mackenzie Financial Corp now owns 21,818 shares of the company’s stock valued at $225,000 after acquiring an additional 1,374 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Domo by 161.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,624 shares of the company’s stock valued at $27,000 after acquiring an additional 1,622 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Domo by 3.7% during the first quarter. BNP Paribas Financial Markets now owns 45,337 shares of the company’s stock worth $404,000 after buying an additional 1,630 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Domo by 58.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,967 shares of the company’s stock worth $61,000 after buying an additional 2,212 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Domo by 3.8% during the third quarter. Swiss National Bank now owns 67,800 shares of the company’s stock worth $665,000 after buying an additional 2,500 shares in the last quarter. 76.64% of the stock is currently owned by institutional investors.

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.