Domo, Inc. (NASDAQ:DOMO) Receives Average Rating of “Moderate Buy” from Analysts

Domo, Inc. (NASDAQ:DOMO) has been given a consensus recommendation of “Moderate Buy” by the ten analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $15.4286.

A number of analysts have issued reports on DOMO shares. TD Cowen reduced their price objective on Domo from $21.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. JMP Securities reissued a “market outperform” rating and set a $20.00 price target on shares of Domo in a research note on Wednesday, September 10th. Wall Street Zen downgraded shares of Domo from a “buy” rating to a “hold” rating in a research note on Sunday, December 21st. Cowen restated a “buy” rating on shares of Domo in a report on Tuesday, December 2nd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $22.00 target price on shares of Domo in a research report on Wednesday, December 24th.

Domo Stock Down 1.4%

Shares of Domo stock opened at $8.43 on Friday. Domo has a 52 week low of $6.01 and a 52 week high of $18.49. The company has a market capitalization of $352.37 million, a price-to-earnings ratio of -4.93 and a beta of 1.64. The stock’s 50-day simple moving average is $10.93 and its 200-day simple moving average is $13.51.

Domo (NASDAQ:DOMO) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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. The company’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. On average, equities analysts expect that Domo will post -2.1 earnings per share for the current year.

Insider Buying and Selling at Domo

In other news, Director Daniel David Daniel III sold 273,900 shares of the firm’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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Domo

Several hedge funds and other institutional investors have recently modified their holdings of DOMO. Invesco Ltd. grew its position in Domo by 116.7% during the 1st quarter. Invesco Ltd. now owns 23,624 shares of the company’s stock worth $183,000 after purchasing an additional 12,722 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Domo by 93.1% during the first quarter. Hsbc Holdings PLC now owns 29,051 shares of the company’s stock worth $223,000 after buying an additional 14,005 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Domo by 9.5% during the first quarter. MetLife Investment Management LLC now owns 19,446 shares of the company’s stock valued at $151,000 after buying an additional 1,681 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Domo by 17.5% in the 1st quarter. AQR Capital Management LLC now owns 40,231 shares of the company’s stock valued at $312,000 after acquiring an additional 5,985 shares during the period. Finally, Panoramic Capital LLC purchased a new position in Domo in the 1st quarter worth $776,000. 76.64% of the stock is owned by hedge funds and other institutional investors.

About Domo

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.