Domo (NASDAQ:DOMO) Releases Q2 Earnings Guidance

Domo (NASDAQ:DOMO) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of ($0.30)-($0.26) for the period, compared to the consensus earnings per share estimate of ($0.08). The company issued revenue guidance of $76.0-$77.0 billion, compared to the consensus revenue estimate of $79.60 million.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. DA Davidson reissued a neutral rating and issued a $10.00 price objective on shares of Domo in a research report on Thursday, March 28th. TD Cowen reduced their price target on Domo from $11.50 to $10.00 and set a hold rating for the company in a report on Tuesday, May 21st. JMP Securities lowered their price target on Domo from $23.00 to $16.00 and set a market outperform rating on the stock in a research report on Friday. Lake Street Capital lowered Domo from a buy rating to a hold rating and dropped their price objective for the company from $15.00 to $8.00 in a research note on Friday. Finally, Morgan Stanley reduced their target price on Domo from $13.00 to $7.00 and set an equal weight rating for the company in a research note on Friday. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $10.20.

Domo Trading Down 2.2 %

DOMO stock opened at $6.97 on Friday. Domo has a fifty-two week low of $6.11 and a fifty-two week high of $18.19. The business’s fifty day moving average price is $8.09 and its two-hundred day moving average price is $9.42.

Domo (NASDAQ:DOMO) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.05). The company had revenue of $80.18 million for the quarter, compared to analyst estimates of $79.46 million. Equities analysts predict that Domo will post -2 EPS for the current fiscal year.

Insider Activity at Domo

In other news, EVP Daren Thayne sold 41,218 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $9.33, for a total transaction of $384,563.94. Following the sale, the executive vice president now directly owns 368,824 shares of the company’s stock, valued at approximately $3,441,127.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Domo news, CFO David R. Jolley sold 23,338 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $9.33, for a total transaction of $217,743.54. Following the completion of the transaction, the chief financial officer now directly owns 227,243 shares in the company, valued at $2,120,177.19. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Daren Thayne sold 41,218 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $9.33, for a total value of $384,563.94. Following the sale, the executive vice president now owns 368,824 shares of the company’s stock, valued at $3,441,127.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 206,056 shares of company stock worth $1,911,367. Company insiders own 14.04% of the company’s stock.

About Domo

Domo, Inc, together with its subsidiaries, operates a cloud-based business intelligence platform in North America, Western Europe, Canada, Australia, and Japan. Its platform digitally connects from the chief executive officer to the frontline employee with the various people, data, and systems in an organization, as well as giving them access to real-time data and insights, and allowing them to manage business via various browsers and visualization engines accessible across laptops, TV screens, monitors, tablets, and smartphones.