Domo (NASDAQ:DOMO – Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.21) earnings per share (EPS) for the quarter, reports. The company had revenue of $76.78 million during the quarter, compared to analyst estimates of $78.06 million.
Domo Price Performance
Shares of NASDAQ DOMO opened at $3.88 on Friday. The company has a 50-day moving average price of $3.66 and a 200-day moving average price of $3.57. The stock has a market capitalization of $175.19 million, a P/E ratio of -2.92 and a beta of 1.76. Domo has a 1 year low of $1.84 and a 1 year high of $18.49.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. TD Cowen lowered Domo from a “buy” rating to a “hold” rating and lowered their target price for the stock from $6.00 to $3.25 in a research note on Tuesday, June 16th. Lake Street Capital upgraded Domo from a “hold” rating to a “buy” rating and cut their target price for the company from $7.00 to $5.00 in a research report on Thursday, July 23rd. DA Davidson reaffirmed a “neutral” rating and set a $3.50 price target on shares of Domo in a report on Tuesday, June 16th. UBS Group restated a “market underperform” rating on shares of Domo in a research report on Monday, August 17th. Finally, Cantor Fitzgerald lowered shares of Domo from an “overweight” rating to a “hold” rating and set a $4.84 target price on the stock. in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $3.95.
Insider Activity
In other Domo news, EVP Daren Thayne sold 52,365 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $2.38, for a total value of $124,628.70. Following the completion of the sale, the executive vice president directly owned 498,051 shares of the company’s stock, valued at approximately $1,185,361.38. This represents a 9.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Tod Crane sold 68,483 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $2.38, for a total value of $162,989.54. Following the sale, the chief financial officer directly owned 276,809 shares of the company’s stock, valued at approximately $658,805.42. This represents a 19.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 216,936 shares of company stock worth $516,308 over the last quarter. Insiders own 13.25% of the company’s stock.
Hedge Funds Weigh In On Domo
Several hedge funds have recently bought and sold shares of DOMO. Headlands Technologies LLC purchased a new position in shares of Domo during the 2nd quarter valued at $42,000. Raymond James Financial Inc. bought a new position in shares of Domo during the 2nd quarter valued at $122,000. Oxford Asset Management LLP purchased a new position in Domo in the 4th quarter worth $88,000. Kemnay Advisory Services Inc. purchased a new position in Domo in the 4th quarter worth $88,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Domo in the fourth quarter worth $92,000. Hedge funds and other institutional investors 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.
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