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

Shares of Domo, Inc. (NASDAQ:DOMO) have earned a consensus rating of “Hold” from the eight research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $6.9167.

A number of brokerages have commented on DOMO. Cantor Fitzgerald lowered their price target on Domo from $13.00 to $8.00 and set an “overweight” rating for the company in a research report on Wednesday, March 11th. Stephens lowered their price target on Domo from $18.00 to $8.00 and set an “overweight” rating for the company in a research report on Friday, April 17th. Citigroup cut Domo from an “outperform” rating to an “underperform” rating in a report on Friday, February 13th. DA Davidson decreased their price objective on Domo from $10.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, March 11th. Finally, Weiss Ratings raised Domo from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday.

Domo Stock Performance

Shares of DOMO opened at $4.17 on Monday. The stock has a 50-day moving average of $3.45 and a two-hundred day moving average of $5.97. Domo has a one year low of $2.39 and a one year high of $18.49. The stock has a market cap of $188.28 million, a P/E ratio of -2.88 and a beta of 1.78.

Domo (NASDAQ:DOMO) last issued its quarterly earnings results on Tuesday, March 10th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.16). The business had revenue of $79.63 million during the quarter, compared to the consensus estimate of $78.65 million. The firm’s revenue was up 1% on a year-over-year basis. Analysts predict that Domo will post -1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Domo

Institutional investors and hedge funds have recently modified their holdings of the stock. Global Wealth Strategies & Associates acquired a new position in shares of Domo in the 4th quarter valued at about $28,000. Headlands Technologies LLC acquired a new position in shares of Domo in the 2nd quarter valued at about $42,000. Rangeley Capital LLC acquired a new position in shares of Domo in the 1st quarter valued at about $80,000. Andina Capital Management LLC acquired a new position in shares of Domo in the 4th quarter valued at about $84,000. Finally, Oxford Asset Management LLP acquired a new position in shares of Domo in the 4th quarter valued at about $88,000. Institutional investors and hedge funds own 76.64% of the company’s stock.

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.