Domo, Inc. (NASDAQ:DOMO) Shares Acquired by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC grew its holdings in Domo, Inc. (NASDAQ:DOMO) by 73.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 32,570 shares of the company’s stock after acquiring an additional 13,777 shares during the quarter. Stoneridge Investment Partners LLC owned about 0.08% of Domo worth $231,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. SG Americas Securities LLC purchased a new position in Domo in the third quarter valued at approximately $88,000. Olympiad Research LP acquired a new position in shares of Domo in the 3rd quarter valued at $161,000. Quest Partners LLC grew its position 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 buying an additional 10,204 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Domo by 7.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 267,553 shares of the company’s stock worth $2,009,000 after acquiring an additional 18,069 shares in the last quarter. Finally, FMR LLC lifted its position in Domo by 20.6% in the third quarter. FMR LLC now owns 301,457 shares of the company’s stock valued at $2,264,000 after acquiring an additional 51,494 shares during the last quarter. Institutional investors and hedge funds own 76.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. TD Cowen raised their price objective on Domo from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, November 29th. Lake Street Capital raised their price target 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 objective on shares of Domo in a research note on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.10.

Domo Stock Down 0.7 %

NASDAQ DOMO opened at $8.38 on Friday. The business’s 50-day moving average price is $7.70 and its 200 day moving average price is $7.83. The firm has a market cap of $327.74 million, a P/E ratio of -3.83 and a beta of 2.49. Domo, Inc. has a 52-week low of $6.11 and a 52-week high of $12.05.

Domo (NASDAQ:DOMO) last released its earnings results 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 firm had revenue of $79.68 million during the quarter, compared to analyst estimates of $77.56 million. The company’s revenue for the quarter was down .1% on a year-over-year basis. As a group, analysts anticipate that Domo, Inc. will post -2.1 earnings per share for the current year.

About Domo

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.