Cantor Fitzgerald Reiterates Overweight Rating for Domo (NASDAQ:DOMO)

Domo (NASDAQ:DOMO)‘s stock had its “overweight” rating reaffirmed by equities researchers at Cantor Fitzgerald in a note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a $22.00 target price on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 148.03% from the company’s current price.

A number of other brokerages have also commented on DOMO. TD Cowen dropped their price target on Domo from $21.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, December 5th. JMP Securities reiterated a “market outperform” rating and set a $20.00 target price on shares of Domo in a research note on Wednesday, September 10th. Cowen reissued a “buy” rating on shares of Domo in a report on Tuesday, December 2nd. Lake Street Capital reduced their price target on shares of Domo from $16.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, December 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Domo in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.43.

Domo Price Performance

Shares of NASDAQ DOMO opened at $8.87 on Wednesday. The stock has a market capitalization of $370.77 million, a P/E ratio of -5.19 and a beta of 1.76. The company has a 50-day moving average price of $11.36 and a 200-day moving average price of $13.69. Domo has a 1 year low of $6.01 and a 1 year high of $18.49.

Domo (NASDAQ:DOMO) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.06. The company had revenue of $79.40 million for the quarter, compared to the consensus estimate of $79.03 million. Domo’s quarterly revenue was down .5% on a year-over-year basis. Domo has set its FY 2026 guidance at -0.110–0.070 EPS and its Q4 2026 guidance at -0.050–0.010 EPS. As a group, equities research analysts anticipate that Domo will post -2.1 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Daniel David Daniel III sold 273,900 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $15.26, for a total value of $4,179,714.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Domo

Several hedge funds have recently bought and sold shares of DOMO. Capital Research Global Investors purchased a new position in Domo in the 3rd quarter worth $43,560,000. Portolan Capital Management LLC grew its stake in shares of Domo by 142.3% during the third quarter. Portolan Capital Management LLC now owns 2,684,753 shares of the company’s stock valued at $42,526,000 after buying an additional 1,576,884 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of 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 buying an additional 738,973 shares during the period. First Trust Advisors LP bought a new stake in shares of Domo in the 3rd quarter valued at about $9,744,000. Finally, AIGH Capital Management LLC lifted its stake in shares of Domo by 78.5% in the 2nd quarter. AIGH Capital Management LLC now owns 1,341,518 shares of the company’s stock valued at $18,741,000 after acquiring an additional 589,935 shares during the last quarter. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Domo Company Profile

Domo, Inc (NASDAQ: DOMO) is a cloud-based software company that specializes in business intelligence and data analytics. The company’s flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise.

Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific.