TD Cowen Cuts Domo (NASDAQ:DOMO) Price Target to $16.00

Domo (NASDAQ:DOMO) had its price target cut by TD Cowen from $21.00 to $16.00 in a research note published on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently commented on the stock. Lake Street Capital dropped their target price on shares of Domo from $16.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday. Cantor Fitzgerald boosted their price target on Domo from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Domo in a report on Wednesday, October 8th. DA Davidson set a $10.00 target price on Domo in a research report on Friday. Finally, Wall Street Zen cut Domo from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.14.

Domo Stock Down 23.6%

DOMO stock opened at $8.84 on Friday. Domo has a twelve month low of $6.01 and a twelve month high of $18.49. The firm has a market cap of $364.47 million, a price-to-earnings ratio of -5.17 and a beta of 1.76. The business’s fifty day simple moving average is $12.93 and its two-hundred day simple moving average is $14.09.

Domo (NASDAQ:DOMO) last issued its earnings results on Thursday, December 4th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.06. The company had revenue of $79.40 million for the quarter, compared to analysts’ expectations of $79.03 million. Domo’s quarterly revenue was down .5% compared to the same quarter last year. Domo has set its FY 2026 guidance at -0.110–0.070 EPS and its Q4 2026 guidance at -0.050–0.010 EPS. Research analysts expect that Domo will post -2.1 EPS for the current year.

Insider Activity

In other news, Director Daniel David Daniel III sold 273,900 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $15.26, for a total value of $4,179,714.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 15.24% of the company’s stock.

Hedge Funds Weigh In On Domo

A number of large investors have recently added to or reduced their stakes in DOMO. Capital Research Global Investors purchased a new position in shares of Domo in the 3rd quarter worth approximately $43,560,000. Portolan Capital Management LLC boosted its stake in Domo by 142.3% in the third quarter. Portolan Capital Management LLC now owns 2,684,753 shares of the company’s stock valued at $42,526,000 after acquiring an additional 1,576,884 shares in the last quarter. Marshall Wace LLP grew its holdings in Domo by 2,255.4% in the second quarter. Marshall Wace LLP now owns 771,737 shares of the company’s stock worth $10,781,000 after purchasing an additional 738,973 shares during the last quarter. First Trust Advisors LP purchased a new position in Domo in the third quarter worth $9,744,000. Finally, AIGH Capital Management LLC increased its position in shares of Domo by 78.5% during the second quarter. AIGH Capital Management LLC now owns 1,341,518 shares of the company’s stock worth $18,741,000 after purchasing an additional 589,935 shares in the last quarter. 76.64% of the stock is currently owned by institutional investors.

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.