Domo, Inc. (NASDAQ:DOMO) Short Interest Down 5.9% in December

Domo, Inc. (NASDAQ:DOMO) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 1,430,000 shares, a drop of 5.9% from the December 15th total of 1,520,000 shares. Based on an average daily trading volume, of 315,100 shares, the days-to-cover ratio is currently 4.5 days. Approximately 4.4% of the company’s shares are sold short.

Analysts Set New Price Targets

Several research analysts recently issued reports on DOMO shares. JMP Securities reissued a “market outperform” rating and issued a $16.00 price objective on shares of Domo in a research note on Friday, December 6th. TD Cowen raised their price target on Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, November 29th. Finally, Lake Street Capital upped their price objective on shares of Domo from $8.00 to $9.50 and gave the stock a “hold” rating in a research note on Friday, December 6th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.10.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Parallax Volatility Advisers L.P. grew its holdings in Domo by 113.9% in the third quarter. Parallax Volatility Advisers L.P. now owns 29,990 shares of the company’s stock worth $225,000 after purchasing an additional 246,016 shares during the last quarter. 272 Capital LP grew its stake in Domo by 52.1% during the 2nd quarter. 272 Capital LP now owns 416,464 shares of the company’s stock worth $3,215,000 after buying an additional 142,609 shares during the last quarter. FMR LLC increased its position in Domo by 20.6% during the 3rd quarter. FMR LLC now owns 301,457 shares of the company’s stock valued at $2,264,000 after buying an additional 51,494 shares in the last quarter. Barclays PLC raised its stake in Domo by 56.8% in the third quarter. Barclays PLC now owns 79,611 shares of the company’s stock valued at $598,000 after buying an additional 28,838 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Domo in the third quarter worth about $181,000. Institutional investors own 76.64% of the company’s stock.

Domo Trading Up 2.0 %

Shares of NASDAQ:DOMO traded up $0.14 on Friday, reaching $7.26. The company had a trading volume of 262,354 shares, compared to its average volume of 301,656. Domo has a 52-week low of $6.11 and a 52-week high of $12.23. The firm’s 50 day simple moving average is $7.98 and its 200-day simple moving average is $7.79.

Domo (NASDAQ:DOMO) last posted its earnings results on Thursday, December 5th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.27). The business had revenue of $79.68 million during the quarter, compared to the consensus estimate of $77.56 million. The business’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities research analysts predict that Domo will post -2.1 earnings per share for the current fiscal year.

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.