Domo (NASDAQ:DOMO) Downgraded to “Hold” Rating by Wall Street Zen

Domo (NASDAQ:DOMO) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

A number of other analysts also recently issued reports on DOMO. Lake Street Capital cut their price objective on shares of Domo from $13.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, March 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Domo in a research note on Wednesday, January 21st. Citizens Jmp restated an “underperform” rating and set a $3.50 price objective on shares of Domo in a research note on Friday, February 13th. DA Davidson dropped 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, Citigroup lowered Domo from an “outperform” rating to an “underperform” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.64.

Domo Price Performance

DOMO stock opened at $3.10 on Friday. Domo has a fifty-two week low of $3.06 and a fifty-two week high of $18.49. The stock has a market capitalization of $129.58 million, a price-to-earnings ratio of -2.14 and a beta of 1.70. The business’s fifty day moving average price is $4.59 and its two-hundred day moving average price is $9.42.

Domo (NASDAQ:DOMO) last announced its earnings results on Tuesday, March 10th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.16). The firm had revenue of $79.63 million for the quarter, compared to the consensus estimate of $78.65 million. Domo’s revenue was up 1% on a year-over-year basis. Research analysts expect that Domo will post -2.1 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DOMO. State of Alaska Department of Revenue bought a new stake in Domo during the third quarter worth $25,000. Global Wealth Strategies & Associates bought a new position in shares of Domo in the 4th quarter valued at $28,000. Headlands Technologies LLC acquired a new position in shares of Domo during the 2nd quarter worth $42,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Domo during the 3rd quarter worth $70,000. Finally, Andina Capital Management LLC bought a new stake in shares of Domo during the 4th quarter worth $84,000. 76.64% of the stock is currently owned by institutional investors and hedge funds.

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.