Short Interest in Domo, Inc. (NASDAQ:DOMO) Drops By 5.9%

Domo, Inc. (NASDAQ:DOMO) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,430,000 shares, a drop of 5.9% from the December 15th total of 1,520,000 shares. Based on an average daily volume of 315,100 shares, the short-interest ratio is presently 4.5 days. Approximately 4.4% of the company’s shares are sold short.

Domo Stock Up 2.0 %

Domo stock opened at $7.26 on Friday. Domo has a 52-week low of $6.11 and a 52-week high of $12.23. The firm’s fifty day moving average is $7.98 and its 200 day moving average is $7.79.

Domo (NASDAQ:DOMO) last posted its quarterly earnings data on Thursday, December 5th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.27). The company had revenue of $79.68 million during the quarter, compared to the consensus estimate of $77.56 million. Domo’s revenue was down .1% on a year-over-year basis. Equities research analysts expect that Domo will post -2.1 EPS for the current fiscal year.

Institutional Trading of Domo

Several hedge funds and other institutional investors have recently made changes to their positions in DOMO. SG Americas Securities LLC purchased a new stake in shares of Domo during the third quarter valued at $88,000. XTX Topco Ltd purchased a new position in shares of Domo in the 3rd quarter valued at about $97,000. Quest Partners LLC raised its position in Domo by 291.9% during the third quarter. Quest Partners LLC now owns 13,700 shares of the company’s stock worth $103,000 after acquiring an additional 10,204 shares during the period. Olympiad Research LP acquired a new position in Domo in the 3rd quarter valued at $161,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Domo during the third quarter worth approximately $181,000. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on DOMO shares. TD Cowen boosted their price target on Domo from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, November 29th. Lake Street Capital increased their target price on Domo from $8.00 to $9.50 and gave the stock a “hold” rating in a research note on Friday, December 6th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $16.00 price target on shares of Domo in a research note on Friday, December 6th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Domo has a consensus rating of “Hold” and a consensus price target of $10.10.

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.