Domo (NASDAQ:DOMO) Rating Reiterated by JMP Securities

Domo (NASDAQ:DOMO)‘s stock had its “market outperform” rating reiterated by investment analysts at JMP Securities in a note issued to investors on Tuesday, Benzinga reports. They presently have a $16.00 price objective on the stock. JMP Securities’ target price would indicate a potential upside of 95.00% from the stock’s current price.

DOMO has been the topic of a number of other research reports. Morgan Stanley cut their price target on Domo from $13.00 to $7.00 and set an “equal weight” rating on the stock in a report on Friday, May 24th. TD Cowen decreased their price target on Domo from $11.50 to $10.00 and set a “hold” rating for the company in a research note on Tuesday, May 21st. Finally, Lake Street Capital cut shares of Domo from a “buy” rating to a “hold” rating and cut their price objective for the company from $15.00 to $8.00 in a research note on Friday, May 24th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.20.

Domo Price Performance

Shares of NASDAQ DOMO opened at $8.21 on Tuesday. Domo has a 1-year low of $6.11 and a 1-year high of $17.38. The firm has a market capitalization of $313.23 million, a PE ratio of -3.91 and a beta of 2.45. The business’s fifty day moving average price is $7.63 and its two-hundred day moving average price is $8.40.

Domo (NASDAQ:DOMO) last issued its quarterly earnings data on Thursday, May 23rd. The company reported ($0.71) earnings per share for the quarter, missing the consensus estimate of ($0.64) by ($0.07). The company had revenue of $80.10 million for the quarter, compared to analysts’ expectations of $79.57 million. Equities research analysts expect that Domo will post -2.4 earnings per share for the current fiscal year.

Insider Activity at Domo

In other news, Director Daniel David Daniel III bought 150,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was bought at an average cost of $6.69 per share, for a total transaction of $1,003,500.00. Following the completion of the acquisition, the director now directly owns 411,400 shares in the company, valued at approximately $2,752,266. The purchase was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Daniel David Daniel III acquired 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was acquired at an average cost of $6.69 per share, for a total transaction of $1,003,500.00. Following the completion of the acquisition, the director now owns 411,400 shares in the company, valued at $2,752,266. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daren Thayne sold 7,095 shares of Domo stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $6.85, for a total transaction of $48,600.75. Following the completion of the sale, the executive vice president now owns 406,663 shares of the company’s stock, valued at $2,785,641.55. The disclosure for this sale can be found here. Company insiders own 14.04% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. 272 Capital LP increased its holdings in Domo by 52.1% in the 2nd quarter. 272 Capital LP now owns 416,464 shares of the company’s stock valued at $3,215,000 after buying an additional 142,609 shares during the period. Sei Investments Co. grew its holdings in shares of Domo by 7.5% in the 2nd quarter. Sei Investments Co. now owns 103,809 shares of the company’s stock worth $801,000 after purchasing an additional 7,222 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Domo by 45.4% during the 2nd quarter. Hsbc Holdings PLC now owns 37,385 shares of the company’s stock worth $289,000 after purchasing an additional 11,674 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Domo by 32.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,301,495 shares of the company’s stock valued at $10,042,000 after purchasing an additional 317,388 shares during the last quarter. Finally, Ceera Investments LLC boosted its position in Domo by 27.5% in the second quarter. Ceera Investments LLC now owns 212,910 shares of the company’s stock valued at $1,644,000 after buying an additional 45,899 shares in the last quarter. 76.64% of the stock is currently owned by institutional investors and hedge funds.

Domo Company Profile

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.