Domo (NASDAQ:DOMO) Upgraded to Hold at DA Davidson

DA Davidson upgraded shares of Domo (NASDAQ:DOMO) to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research analysts also recently weighed in on DOMO. TD Cowen boosted their target price on shares of Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, November 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $11.00 price target on shares of Domo in a report on Friday. JMP Securities reissued a “market outperform” rating and set a $16.00 price objective on shares of Domo in a research note on Friday, December 6th. Lake Street Capital lowered their target price on shares of Domo from $9.50 to $8.50 and set a “hold” rating for the company in a research note on Friday. Finally, Cowen reiterated a “hold” rating on shares of Domo in a report on Friday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.08.

Domo Stock Down 2.1 %

NASDAQ:DOMO opened at $8.01 on Monday. Domo has a 52-week low of $6.11 and a 52-week high of $10.31. The stock has a fifty day simple moving average of $7.83 and a 200-day simple moving average of $7.87. The company has a market capitalization of $313.26 million, a PE ratio of -3.66 and a beta of 2.56.

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

Hedge Funds Weigh In On Domo

Large investors have recently bought and sold shares of the stock. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Domo during the 4th quarter worth $47,000. R Squared Ltd purchased a new stake in Domo during the fourth quarter valued at about $56,000. Riggs Capital Management LLC acquired a new stake in Domo during the fourth quarter worth about $85,000. XTX Topco Ltd purchased a new position in shares of Domo in the 3rd quarter worth about $97,000. Finally, Quest Partners LLC lifted its stake in shares of Domo by 291.9% in the 3rd quarter. Quest Partners LLC now owns 13,700 shares of the company’s stock valued at $103,000 after purchasing an additional 10,204 shares in the last quarter. Hedge funds and other 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.