Domo, Inc. (NASDAQ:DOMO) Short Interest Down 5.9% in December

Domo, Inc. (NASDAQ:DOMO) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 1,430,000 shares, a decline of 5.9% from the December 15th total of 1,520,000 shares. Based on an average daily volume of 315,100 shares, the short-interest ratio is presently 4.5 days. Approximately 4.4% of the shares of the company are sold short.

Domo Trading Up 2.0 %

Shares of NASDAQ DOMO opened at $7.26 on Friday. The stock has a fifty day moving average price of $7.98 and a 200 day moving average price of $7.79. Domo has a 12-month low of $6.11 and a 12-month high of $12.23.

Domo (NASDAQ:DOMO) last released its earnings results on Thursday, December 5th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.27). The firm had revenue of $79.68 million for the quarter, compared to the consensus estimate of $77.56 million. The firm’s quarterly revenue was down .1% on a year-over-year basis. On average, equities analysts expect that Domo will post -2.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Domo

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of Domo by 0.5% in the third quarter. Geode Capital Management LLC now owns 759,353 shares of the company’s stock worth $5,704,000 after buying an additional 4,091 shares during the period. State Street Corp grew its stake in Domo by 2.6% during the 3rd quarter. State Street Corp now owns 750,371 shares of the company’s stock valued at $5,635,000 after acquiring an additional 19,361 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Domo by 2.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 524,105 shares of the company’s stock valued at $3,936,000 after acquiring an additional 12,494 shares in the last quarter. 272 Capital LP increased its holdings in shares of Domo by 52.1% in the 2nd quarter. 272 Capital LP now owns 416,464 shares of the company’s stock valued at $3,215,000 after purchasing an additional 142,609 shares during the period. Finally, FMR LLC lifted its position in shares of Domo by 20.6% in the third quarter. FMR LLC now owns 301,457 shares of the company’s stock worth $2,264,000 after purchasing an additional 51,494 shares in the last quarter. 76.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Lake Street Capital raised their price objective on shares of Domo from $8.00 to $9.50 and gave the company a “hold” rating in a research note on Friday, December 6th. JMP Securities reissued a “market outperform” rating and issued a $16.00 price target on shares of Domo in a report on Friday, December 6th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.10.

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.