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

Domo, Inc. (NASDAQ:DOMO) has earned an average rating of “Reduce” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given 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 $4.8333.

DOMO has been the topic of several research reports. Weiss Ratings downgraded shares of Domo from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 16th. UBS Group reissued a “neutral” rating on shares of Domo in a research report on Tuesday, June 16th. Lake Street Capital lowered their price objective on shares of Domo from $13.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. DA Davidson reissued a “neutral” rating and set a $3.50 price objective on shares of Domo in a research report on Tuesday, June 16th. Finally, Stephens reissued an “overweight” rating on shares of Domo in a research report on Tuesday, June 16th.

Insider Activity

In other news, EVP Daren Thayne sold 52,365 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $2.38, for a total value of $124,628.70. Following the completion of the sale, the executive vice president owned 498,051 shares in the company, valued at approximately $1,185,361.38. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rpd Fund Management Llc sold 39,034 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $4.46, for a total transaction of $174,091.64. Following the completion of the sale, the insider owned 4,187,809 shares of the company’s stock, valued at $18,677,628.14. This trade represents a 0.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,567,562 shares of company stock worth $4,301,792 over the last quarter. Insiders own 13.25% of the company’s stock.

Institutional Trading of Domo

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

Domo Stock Performance

Shares of Domo stock opened at $2.44 on Friday. Domo has a 1 year low of $1.84 and a 1 year high of $18.49. The company has a market capitalization of $110.17 million, a P/E ratio of -1.83 and a beta of 1.78. The company’s fifty day moving average is $3.44 and its two-hundred day moving average is $4.83.

Domo (NASDAQ:DOMO) last issued its quarterly earnings data on Monday, June 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $79.40 million for the quarter, compared to analysts’ expectations of $79.64 million. During the same period in the previous year, the business posted ($0.69) earnings per share. As a group, equities analysts expect that Domo will post -1.42 earnings per share for the current year.

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.