Stoneridge Investment Partners LLC Grows Position in Domo, Inc. (NASDAQ:DOMO)

Stoneridge Investment Partners LLC raised its holdings in Domo, Inc. (NASDAQ:DOMO) by 73.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,570 shares of the company’s stock after acquiring an additional 13,777 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in Domo were worth $231,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. R Squared Ltd acquired a new stake in shares of Domo in the fourth quarter valued at about $56,000. SG Americas Securities LLC acquired a new stake in shares of Domo during the 3rd quarter valued at approximately $88,000. XTX Topco Ltd purchased a new stake in shares of Domo during the 3rd quarter worth approximately $97,000. Quest Partners LLC grew its holdings in shares of Domo by 291.9% in the 3rd quarter. Quest Partners LLC now owns 13,700 shares of the company’s stock worth $103,000 after acquiring an additional 10,204 shares during the period. Finally, Olympiad Research LP purchased a new position in Domo in the 3rd quarter valued at approximately $161,000. 76.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DOMO has been the topic of a number of research analyst reports. JMP Securities reiterated a “market outperform” rating and set a $16.00 target price on shares of Domo in a research report on Friday, December 6th. Lake Street Capital increased 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. Finally, TD Cowen lifted their target price on shares of Domo from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, November 29th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.10.

Domo Stock Down 0.7 %

Shares of NASDAQ:DOMO opened at $8.38 on Friday. The company has a market capitalization 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. The stock’s fifty day simple moving average is $7.70 and its 200-day simple moving average is $7.83.

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 business had revenue of $79.68 million for the quarter, compared to the consensus estimate of $77.56 million. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts anticipate that Domo, Inc. will post -2.1 earnings per share for the current year.

Domo 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.