Domo’s (DOMO) “Overweight” Rating Reaffirmed at Cantor Fitzgerald

Domo (NASDAQ:DOMO)‘s stock had its “overweight” rating reiterated by stock analysts at Cantor Fitzgerald in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $11.00 target price on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 34.64% from the company’s previous close.

DOMO has been the topic of a number of other research reports. Cowen reissued a “hold” rating on shares of Domo in a research report on Friday, March 7th. JMP Securities reiterated a “market outperform” rating and set a $16.00 price objective on shares of Domo in a research note on Friday, December 6th. Lake Street Capital lowered their price objective on shares of Domo from $9.50 to $8.50 and set a “hold” rating on the stock in a research note on Friday, March 7th. TD Cowen increased their price objective on shares of Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 29th. Finally, DA Davidson upgraded Domo to a “hold” rating in a research report on Monday, March 10th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.42.

Domo Stock Performance

DOMO stock traded down $0.10 during midday trading on Thursday, hitting $8.17. 27,822 shares of the company’s stock were exchanged, compared to its average volume of 354,310. Domo has a one year low of $6.11 and a one year high of $10.15. The company has a market cap of $319.51 million, a PE ratio of -3.72 and a beta of 2.56. The stock’s fifty day moving average price is $8.03 and its 200-day moving average price is $7.90.

Domo (NASDAQ:DOMO) last posted its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The company had revenue of $78.77 million for the quarter, compared to analyst estimates of $77.95 million. On average, analysts expect that Domo will post -2.1 EPS for the current year.

Insider Activity at Domo

In other news, Director David R. Jolley sold 25,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $8.31, for a total value of $207,750.00. Following the sale, the director now directly owns 255,743 shares of the company’s stock, valued at approximately $2,125,224.33. This represents a 8.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 14.04% of the stock is currently owned by company insiders.

Institutional Trading of Domo

A number of institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp boosted its holdings in shares of Domo by 127.0% during the 4th quarter. Mackenzie Financial Corp now owns 76,117 shares of the company’s stock worth $539,000 after buying an additional 42,581 shares in the last quarter. Connective Capital Management LLC bought a new stake in shares of Domo during the fourth quarter worth about $315,000. Squarepoint Ops LLC acquired a new stake in shares of Domo in the 4th quarter worth about $127,000. RPD Fund Management LLC bought a new position in Domo in the 4th quarter valued at about $15,449,000. Finally, Occudo Quantitative Strategies LP lifted its stake in Domo by 74.9% during the 4th quarter. Occudo Quantitative Strategies LP now owns 47,508 shares of the company’s stock valued at $336,000 after acquiring an additional 20,339 shares in the last quarter. Institutional investors own 76.64% of the company’s stock.

Domo Company Profile

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.