Domo, Inc. (NASDAQ:DOMO) Given Consensus Recommendation of “Hold” by Analysts

Domo, Inc. (NASDAQ:DOMO) has received an average rating of “Hold” from the nine research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $8.6429.

A number of equities analysts recently issued reports on DOMO shares. TD Cowen dropped their price objective on Domo from $16.00 to $9.00 and set a “buy” rating for the company in a report on Friday, February 20th. Citizens Jmp reiterated an “underperform” rating and set a $3.50 target price on shares of Domo in a research report on Friday, February 13th. Wall Street Zen raised shares of Domo from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson cut their price target on shares of Domo from $10.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Finally, Citigroup downgraded shares of Domo from an “outperform” rating to an “underperform” rating in a research note on Friday, February 13th.

Domo Price Performance

Shares of NASDAQ DOMO opened at $3.39 on Wednesday. The company has a market cap of $141.70 million, a P/E ratio of -2.34 and a beta of 1.70. Domo has a 1 year low of $3.33 and a 1 year high of $18.49. The firm has a 50-day simple moving average of $4.77 and a two-hundred day simple moving average of $9.63.

Domo (NASDAQ:DOMO) last released its earnings results on Tuesday, March 10th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.16). The firm had revenue of $79.63 million during the quarter, compared to analysts’ expectations of $78.65 million. The company’s revenue was up 1% on a year-over-year basis. As a group, equities research analysts expect that Domo will post -2.1 EPS for the current year.

Institutional Investors Weigh In On Domo

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in shares of Domo during the 3rd quarter worth $25,000. Headlands Technologies LLC purchased a new position in shares of Domo during the second quarter valued at $42,000. Global Wealth Strategies & Associates bought a new stake in shares of Domo in the fourth quarter valued at about $28,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Domo in the third quarter valued at about $70,000. Finally, Raymond James Financial Inc. purchased a new stake in Domo in the second quarter worth about $122,000. 76.64% of the stock is owned by institutional investors.

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.