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

Domo (NASDAQ:DOMO)‘s stock had its “market outperform” rating reaffirmed by JMP Securities in a research note issued to investors on Monday, Benzinga reports. They currently have a $16.00 price target on the stock. JMP Securities’ price objective suggests a potential upside of 109.15% from the company’s previous close.

Other equities analysts have also issued reports about the stock. DA Davidson reissued a “neutral” rating and issued a $10.00 price objective on shares of Domo in a research report on Thursday, March 28th. Lake Street Capital downgraded shares of Domo from a “buy” rating to a “hold” rating and cut their price objective for the stock from $15.00 to $8.00 in a research report on Friday, May 24th. Morgan Stanley decreased their target price on Domo from $13.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Friday, May 24th. Finally, TD Cowen dropped their price target on Domo from $11.50 to $10.00 and set a “hold” rating for the company in a report on Tuesday, May 21st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Domo currently has an average rating of “Hold” and an average target price of $10.20.

Domo Trading Down 0.9 %

Shares of DOMO stock traded down $0.07 during trading hours on Monday, hitting $7.65. 69,099 shares of the company were exchanged, compared to its average volume of 424,484. The business has a 50 day moving average of $7.15 and a two-hundred day moving average of $9.01. Domo has a 52 week low of $6.11 and a 52 week high of $18.19. The company has a market capitalization of $292.00 million, a PE ratio of -3.65 and a beta of 2.45.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $79.57 million. On average, research analysts forecast that Domo will post -2.4 EPS for the current year.

Insider Activity

In related news, EVP Daren Thayne sold 22,500 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $9.04, for a total value of $203,400.00. Following the sale, 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 Securities & Exchange Commission, which is accessible through this link. In related news, Director Daniel David Daniel III purchased 150,000 shares of Domo stock in a transaction on Tuesday, June 18th. The shares were purchased at an average price of $6.69 per share, for a total transaction of $1,003,500.00. Following the transaction, the director now owns 411,400 shares of the company’s stock, valued at approximately $2,752,266. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Daren Thayne sold 22,500 shares of the firm’s 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 sale, the executive vice president now directly owns 343,758 shares of the company’s stock, valued at approximately $3,107,572.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,595 shares of company stock worth $354,001. Insiders own 14.04% of the company’s stock.

Institutional Trading of Domo

Several large investors have recently modified their holdings of DOMO. Mackenzie Financial Corp grew 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 buying an additional 1,374 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Domo by 161.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,624 shares of the company’s stock valued at $27,000 after purchasing an additional 1,622 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Domo by 3.7% during the 1st quarter. BNP Paribas Financial Markets now owns 45,337 shares of the company’s stock worth $404,000 after purchasing an additional 1,630 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Domo by 58.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,967 shares of the company’s stock worth $61,000 after purchasing an additional 2,212 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Domo by 0.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 628,503 shares of the company’s stock valued at $5,606,000 after purchasing an additional 2,501 shares in the last quarter. 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.