Domo’s (DOMO) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Domo (NASDAQ:DOMO) in a research note issued to investors on Monday morning, Benzinga reports. The brokerage currently has a $16.00 price objective on the stock.

A number of other equities research analysts have also issued reports on DOMO. Lake Street Capital lowered shares of Domo from a buy rating to a hold rating and decreased their target price for the company from $15.00 to $8.00 in a research note on Friday, May 24th. Morgan Stanley reduced their price objective on Domo from $13.00 to $7.00 and set an equal weight rating for the company in a research report on Friday, May 24th. TD Cowen dropped their target price on Domo from $11.50 to $10.00 and set a hold rating on the stock in a research report on Tuesday, May 21st. Finally, DA Davidson reaffirmed a neutral rating and set a $10.00 price target on shares of Domo in a research note on Thursday, March 28th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Domo currently has an average rating of Hold and a consensus price target of $10.20.

Domo Stock Down 2.1 %

Shares of NASDAQ DOMO opened at $7.63 on Monday. Domo has a 12 month low of $6.11 and a 12 month high of $18.19. The company has a market cap of $291.24 million, a price-to-earnings ratio of -3.63 and a beta of 2.45. The business has a fifty day simple moving average of $7.16 and a 200-day simple moving average of $8.97.

Domo (NASDAQ:DOMO) last posted its quarterly earnings data on Thursday, May 23rd. The company reported ($0.71) EPS for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.07). The business had revenue of $80.10 million for the quarter, compared to the consensus estimate of $79.57 million. As a group, sell-side analysts expect that Domo will post -2.4 EPS for the current fiscal year.

Insider Activity

In other news, CFO David R. Jolley sold 12,000 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $8.50, for a total value of $102,000.00. Following the completion of the sale, the chief financial officer now directly owns 215,543 shares in the company, valued at $1,832,115.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO David R. Jolley sold 12,000 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $8.50, for a total value of $102,000.00. Following the transaction, the chief financial officer now owns 215,543 shares of the company’s stock, valued at approximately $1,832,115.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daren Thayne sold 7,095 shares of Domo stock in a transaction on Friday, June 21st. The stock was sold at an average price of $6.85, for a total transaction of $48,600.75. Following the sale, the executive vice president now directly owns 406,663 shares of the company’s stock, valued at approximately $2,785,641.55. The disclosure for this sale can be found here. 14.04% of the stock is currently owned by corporate insiders.

Institutional Trading of Domo

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its holdings in shares of Domo by 161.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,624 shares of the company’s stock worth $27,000 after acquiring an additional 1,622 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Domo during the 1st quarter worth about $43,000. EntryPoint Capital LLC bought a new position in Domo during the 1st quarter worth about $45,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Domo by 58.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,967 shares of the company’s stock valued at $61,000 after purchasing an additional 2,212 shares during the period. Finally, Oak Thistle LLC bought a new stake in shares of Domo in the fourth quarter valued at about $107,000. 76.64% of the stock is currently owned by institutional investors and hedge funds.

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.