Domo, Inc. (NASDAQ:DOMO) Receives $10.08 Average Target Price from Brokerages

Domo, Inc. (NASDAQ:DOMO) has been given an average rating of “Hold” by the seven analysts that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $10.08.

A number of equities analysts have recently commented on the company. JMP Securities restated a “market outperform” rating and issued a $16.00 price objective on shares of Domo in a report on Friday, December 6th. DA Davidson upgraded Domo to a “hold” rating in a report on Monday. TD Cowen increased their target price on Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, November 29th. Lake Street Capital lowered their target price on Domo from $9.50 to $8.50 and set a “hold” rating for the company in a research note on Friday, March 7th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $11.00 target price on shares of Domo in a research note on Friday, March 7th.

Domo Price Performance

Domo stock opened at $8.57 on Friday. The stock’s 50-day moving average is $7.86 and its 200-day moving average is $7.87. The company has a market cap of $335.16 million, a price-to-earnings ratio of -3.91 and a beta of 2.56. Domo has a 12 month low of $6.11 and a 12 month high of $10.15.

Domo (NASDAQ:DOMO) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.26). The firm had revenue of $78.77 million during the quarter, compared to the consensus estimate of $77.95 million. Research analysts anticipate that Domo will post -2.1 EPS for the current year.

Institutional Investors Weigh In On Domo

Hedge funds have recently bought and sold shares of the business. Pilgrim Partners Asia Pte Ltd acquired a new stake in Domo during the 4th quarter valued at approximately $47,000. R Squared Ltd acquired a new position in shares of Domo in the 4th quarter worth approximately $56,000. Riggs Capital Management LLC acquired a new position in shares of Domo in the 4th quarter worth approximately $85,000. XTX Topco Ltd acquired a new position in shares of Domo in the 3rd quarter worth approximately $97,000. Finally, SG Americas Securities LLC grew its position in shares of Domo by 19.1% in the 4th quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock worth $99,000 after acquiring an additional 2,247 shares in 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.