Domo (NASDAQ:DOMO) Issues Quarterly Earnings Results

by · The Cerbat Gem

Domo (NASDAQ:DOMO – Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.24), Zacks reports.

Domo Stock Performance

NASDAQ DOMO traded down $0.14 during trading hours on Thursday, reaching $11.57. The stock had a trading volume of 916,015 shares, compared to its average volume of 575,398. The stock has a fifty day moving average of $13.16 and a 200 day moving average of $14.03. Domo has a 52-week low of $6.01 and a 52-week high of $18.49. The stock has a market cap of $477.04 million, a P/E ratio of -5.96 and a beta of 1.76.

Insiders Place Their Bets

In related news, Director Daniel David Daniel III sold 273,900 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $15.26, for a total value of $4,179,714.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 15.24% of the company’s stock.

Hedge Funds Weigh In On Domo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DOMO. Headlands Technologies LLC purchased a new stake in shares of Domo during the second quarter worth about $42,000. Raymond James Financial Inc. purchased a new stake in Domo in the second quarter valued at $122,000. Creative Planning lifted its position in Domo by 23.2% in the second quarter. Creative Planning now owns 15,362 shares of the company’s stock valued at $215,000 after buying an additional 2,889 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Domo during the 1st quarter worth approximately $237,000. Finally, AQR Capital Management LLC raised its holdings in shares of Domo by 17.5% in the 1st quarter. AQR Capital Management LLC now owns 40,231 shares of the company’s stock valued at $312,000 after buying an additional 5,985 shares during the period. 76.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DOMO shares. Cantor Fitzgerald raised their target price on shares of Domo from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Domo in a research note on Wednesday, October 8th. Lake Street Capital set a $16.00 target price on Domo and gave the company a “hold” rating in a research note on Thursday, August 28th. Wall Street Zen cut Domo from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, JMP Securities reissued a “market outperform” rating and set a $20.00 target price on shares of Domo in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.71.

View Our Latest Report on DOMO

About Domo

(Get Free Report)

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.

Featured Stories