Domo (NASDAQ:DOMO) Given Overweight Rating at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Domo (NASDAQ:DOMO) in a research report report published on Friday morning,Benzinga reports. They currently have a $11.00 target price on the stock.

A number of other research analysts have also recently issued reports on the company. TD Cowen boosted their target price on Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, November 29th. Lake Street Capital lifted their price objective on Domo from $8.00 to $9.50 and gave the company a “hold” rating in a report on Friday, December 6th. JMP Securities reissued a “market outperform” rating and set a $16.00 target price on shares of Domo in a research note on Friday, December 6th. Finally, DA Davidson initiated coverage on Domo in a research note on Friday. They issued a “neutral” rating and a $8.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.08.

Domo Stock Up 16.0 %

NASDAQ:DOMO opened at $8.18 on Friday. Domo has a 12-month low of $6.11 and a 12-month high of $11.25. The firm has a market capitalization of $319.90 million, a P/E ratio of -3.74 and a beta of 2.56. The stock’s fifty day simple moving average is $7.81 and its 200-day simple moving average is $7.88.

Domo (NASDAQ:DOMO) last posted its earnings results on Thursday, March 6th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The business had revenue of $78.77 million for the quarter, compared to the consensus estimate of $77.95 million. As a group, equities research analysts expect that Domo will post -2.1 earnings per share for the current year.

Hedge Funds Weigh In On Domo

Several hedge funds have recently modified their holdings of the stock. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Domo in the 4th quarter valued at approximately $47,000. R Squared Ltd acquired a new position in shares of Domo in the fourth quarter valued at $56,000. Riggs Capital Management LLC bought a new stake in shares of Domo during the 4th quarter worth about $85,000. XTX Topco Ltd bought a new stake in shares of Domo during the 3rd quarter worth about $97,000. Finally, SG Americas Securities LLC grew its position in shares of Domo by 19.1% in the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock valued at $99,000 after purchasing an additional 2,247 shares during the last quarter. Institutional investors own 76.64% of the company’s stock.

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.