Domo (NASDAQ:DOMO) Price Target Raised to $9.50

Domo (NASDAQ:DOMO) had its price target hoisted by Lake Street Capital from $8.00 to $9.50 in a report released on Friday,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other research analysts have also recently commented on DOMO. DA Davidson raised their target price on shares of Domo from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. TD Cowen increased their target price on Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 29th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price objective on shares of Domo in a research note on Friday. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Domo has a consensus rating of “Hold” and an average price target of $10.10.

Domo Stock Down 18.1 %

Shares of NASDAQ DOMO opened at $7.98 on Friday. Domo has a twelve month low of $6.11 and a twelve month high of $12.23. The business’s 50 day moving average price is $8.33 and its two-hundred day moving average price is $7.74. The company has a market cap of $308.27 million, a PE ratio of -3.64 and a beta of 2.44.

Domo (NASDAQ:DOMO) last announced its quarterly earnings results on Thursday, December 5th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.27). The company had revenue of $79.68 million for the quarter, compared to analyst estimates of $77.56 million. The company’s revenue for the quarter was down .1% on a year-over-year basis. As a group, research analysts anticipate that Domo will post -2.31 EPS for the current fiscal year.

Institutional Trading of Domo

Several hedge funds have recently bought and sold shares of DOMO. Acadian Asset Management LLC increased its holdings in Domo by 32.3% during the second quarter. Acadian Asset Management LLC now owns 1,301,495 shares of the company’s stock worth $10,042,000 after buying an additional 317,388 shares during the last quarter. Parallax Volatility Advisers L.P. grew its holdings in shares of Domo by 113.9% during the third quarter. Parallax Volatility Advisers L.P. now owns 29,990 shares of the company’s stock worth $225,000 after purchasing an additional 246,016 shares in the last quarter. 272 Capital LP increased its holdings in shares of Domo by 52.1% in the 2nd quarter. 272 Capital LP now owns 416,464 shares of the company’s stock worth $3,215,000 after buying an additional 142,609 shares during the last quarter. FMR LLC raised its position in Domo by 20.6% during the third quarter. FMR LLC now owns 301,457 shares of the company’s stock valued at $2,264,000 after purchasing an additional 51,494 shares in the last quarter. Finally, Ceera Investments LLC lifted its position in Domo by 27.5% in the 2nd quarter. Ceera Investments LLC now owns 212,910 shares of the company’s stock worth $1,644,000 after buying an additional 45,899 shares during the last quarter. Institutional investors and hedge funds 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.