Domo (NASDAQ:DOMO) had its target price reduced by JMP Securities from $47.00 to $37.00 in a research report report published on Friday, September 6th, BenzingaRatingsTable reports. JMP Securities currently has a market outperform rating on the stock.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Domo from a buy rating to a hold rating in a research note on Monday, May 27th. Morgan Stanley set a $47.00 target price on shares of Domo and gave the company a buy rating in a research note on Friday, June 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Domo has a consensus rating of Buy and an average price target of $25.71.
Shares of DOMO stock traded down $0.13 during trading hours on Friday, hitting $16.91. 4,238 shares of the company’s stock traded hands, compared to its average volume of 1,261,436. The stock’s fifty day simple moving average is $24.73 and its two-hundred day simple moving average is $31.94. Domo has a 12-month low of $13.28 and a 12-month high of $47.08. The stock has a market cap of $468.59 million, a price-to-earnings ratio of -1.79 and a beta of 0.86. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 4.56.
Domo (NASDAQ:DOMO) last released its earnings results on Thursday, September 5th. The company reported ($0.96) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.23) by $0.27. Domo had a negative net margin of 81.35% and a negative return on equity of 291.36%. The firm had revenue of $41.70 million during the quarter, compared to analyst estimates of $41.68 million. During the same period last year, the business earned ($3.44) earnings per share. The business’s revenue was up 21.6% on a year-over-year basis. On average, equities analysts forecast that Domo will post -4.7 earnings per share for the current fiscal year.
In related news, CEO Joshua G. James purchased 60,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were acquired at an average price of $17.00 per share, for a total transaction of $1,020,000.00. 21.97% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Atria Investments LLC purchased a new stake in shares of Domo during the 2nd quarter valued at about $135,000. Intrinsic Edge Capital Management LLC bought a new position in Domo during the 2nd quarter valued at about $5,497,000. Royal Bank of Canada bought a new position in Domo in the 2nd quarter worth about $94,000. Voloridge Investment Management LLC grew its stake in Domo by 459.5% in the 2nd quarter. Voloridge Investment Management LLC now owns 47,365 shares of the company’s stock worth $1,294,000 after acquiring an additional 38,899 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new position in Domo in the 2nd quarter worth about $4,592,000. Hedge funds and other institutional investors own 64.17% of the company’s stock.
Domo, Inc operates a cloud-based platform in the United States. Its platform digitally connects chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.
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