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

Shares of Domo, Inc. (NASDAQ:DOMO) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $15.4286.

Several analysts have recently commented on the company. DA Davidson set a $10.00 target price on Domo in a report on Friday, December 5th. Wall Street Zen cut shares of Domo from a “buy” rating to a “hold” rating in a research note on Sunday, December 21st. Lake Street Capital cut their price target on Domo from $16.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. Cantor Fitzgerald reissued an “overweight” rating and set a $22.00 price target on shares of Domo in a research note on Wednesday, December 24th. Finally, TD Cowen reduced their price objective on shares of Domo from $21.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, December 5th.

Domo Trading Up 4.5%

NASDAQ DOMO opened at $6.09 on Tuesday. Domo has a 1-year low of $5.57 and a 1-year high of $18.49. The stock’s 50 day moving average is $8.85 and its two-hundred day moving average is $12.70. The company has a market capitalization of $254.56 million, a price-to-earnings ratio of -3.56 and a beta of 1.64.

Domo (NASDAQ:DOMO) last issued its earnings results on Thursday, December 4th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.06. The firm had revenue of $79.40 million during the quarter, compared to analyst estimates of $79.03 million. The business’s 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. On average, analysts predict that Domo will post -2.1 earnings per share for the current year.

Hedge Funds Weigh In On Domo

Several hedge funds have recently added to or reduced their stakes in DOMO. AQR Capital Management LLC boosted its stake in Domo by 17.5% during the 1st quarter. AQR Capital Management LLC now owns 40,231 shares of the company’s stock worth $312,000 after acquiring an additional 5,985 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Domo in the 1st quarter valued at $237,000. Goldman Sachs Group Inc. increased its position in shares of Domo by 22.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 172,680 shares of the company’s stock valued at $1,340,000 after buying an additional 31,740 shares in the last quarter. AIGH Capital Management LLC raised its stake in Domo by 78.5% during the 2nd quarter. AIGH Capital Management LLC now owns 1,341,518 shares of the company’s stock worth $18,741,000 after buying an additional 589,935 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in Domo during the second quarter worth about $49,000. Institutional investors and hedge funds 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.