Short Interest in Domo, Inc. (NASDAQ:DOMO) Drops By 12.5%

Domo, Inc. (NASDAQ:DOMO) was the target of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 3,908,898 shares, a decline of 12.5% from the January 15th total of 4,467,915 shares. Based on an average daily trading volume, of 1,293,701 shares, the days-to-cover ratio is presently 3.0 days. Currently, 11.0% of the shares of the stock are sold short. Currently, 11.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,293,701 shares, the days-to-cover ratio is presently 3.0 days.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DOMO shares. Wall Street Zen cut shares of Domo from a “buy” rating to a “hold” rating in a research report on Sunday, December 21st. Citigroup lowered shares of Domo from an “outperform” rating to an “underperform” rating in a report on Friday, February 13th. Citizens Jmp reaffirmed an “underperform” rating and set a $3.50 price objective on shares of Domo in a report on Friday, February 13th. Lake Street Capital decreased their price objective on Domo from $16.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. Finally, TD Cowen dropped their target price on Domo from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $13.07.

Domo Stock Performance

Shares of Domo stock opened at $3.90 on Thursday. The firm has a fifty day moving average of $6.95 and a two-hundred day moving average of $11.50. The stock has a market capitalization of $163.02 million, a price-to-earnings ratio of -2.28 and a beta of 1.64. Domo has a 52 week low of $3.87 and a 52 week high of $18.49.

Domo (NASDAQ:DOMO) last posted its quarterly earnings results on Thursday, December 4th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.06. The company had revenue of $79.40 million during the quarter, compared to the consensus estimate of $79.03 million. The business’s quarterly revenue was down .5% on a year-over-year basis. Domo has set its FY 2026 guidance at -0.110–0.070 EPS and its Q4 2026 guidance at -0.050–0.010 EPS. As a group, research analysts forecast that Domo will post -2.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in Domo by 17.5% in the first quarter. AQR Capital Management LLC now owns 40,231 shares of the company’s stock valued at $312,000 after purchasing an additional 5,985 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Domo in the 1st quarter valued at $237,000. Goldman Sachs Group Inc. increased its position in shares of Domo by 22.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 172,680 shares of the company’s stock valued at $1,340,000 after buying an additional 31,740 shares in the last quarter. AIGH Capital Management LLC raised its stake in Domo by 78.5% during the 2nd quarter. AIGH Capital Management LLC now owns 1,341,518 shares of the company’s stock worth $18,741,000 after buying an additional 589,935 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in Domo during the second quarter worth about $49,000. Institutional investors and hedge funds own 76.64% of the company’s stock.

Domo Company Profile

Domo, Inc (NASDAQ: DOMO) is a cloud-based software company that specializes in business intelligence and data analytics. The company’s flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise.

Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific.