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

Shares of Domo, Inc. (NASDAQ:DOMO) have earned an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $10.25.

DOMO has been the subject of a number of analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 price objective on shares of Domo in a research note on Friday, December 6th. Cantor Fitzgerald started coverage on Domo in a report on Tuesday. They set an “overweight” rating and a $11.00 target price on the stock. TD Cowen boosted their price objective on Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 29th. Finally, Lake Street Capital lifted their price target 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.

Domo Stock Performance

DOMO opened at $8.38 on Tuesday. The stock has a market capitalization of $327.74 million, a PE ratio of -3.83 and a beta of 2.49. The firm has a 50-day moving average price of $7.68 and a two-hundred day moving average price of $7.83. Domo has a 1-year low of $6.11 and a 1-year high of $12.05.

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

Hedge Funds Weigh In On Domo

Hedge funds have recently made changes to their positions in the business. Intech Investment Management LLC bought a new stake in shares of Domo in the fourth quarter worth $103,000. Raymond James Financial Inc. bought a new stake in Domo during the 4th quarter worth about $173,000. Bank of New York Mellon Corp lifted its position in Domo by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company’s stock worth $622,000 after buying an additional 1,826 shares in the last quarter. Stoneridge Investment Partners LLC boosted its stake in shares of Domo by 73.3% during the 4th quarter. Stoneridge Investment Partners LLC now owns 32,570 shares of the company’s stock worth $231,000 after buying an additional 13,777 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Domo in the 4th quarter valued at about $56,000. 76.64% of the stock is owned by institutional investors.

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.