Domo (NASDAQ:DOMO) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Domo (NASDAQ:DOMO – Free Report) from a hold rating to a buy rating in a research report released on Saturday morning.

DOMO has been the subject of a number of other reports. Lake Street Capital decreased their price target on Domo from $16.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, December 5th. Cowen restated a “buy” rating on shares of Domo in a research note on Tuesday, December 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Domo in a research note on Wednesday, October 8th. Cantor Fitzgerald boosted their price target on shares of Domo from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Finally, JMP Securities restated a “market outperform” rating and set a $20.00 price objective on shares of Domo in a report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.14.

Check Out Our Latest Analysis on DOMO

Domo Price Performance

Shares of DOMO stock opened at $8.98 on Friday. The firm has a 50-day moving average of $12.13 and a 200-day moving average of $13.96. Domo has a one year low of $6.01 and a one year high of $18.49. The company has a market cap of $370.25 million, a P/E ratio of -5.25 and a beta of 1.76.

Domo (NASDAQ:DOMO – Get Free Report) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.06. The firm had revenue of $79.40 million during the quarter, compared to the consensus estimate of $79.03 million. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Domo has set its FY 2026 guidance at -0.110–0.070 EPS and its Q4 2026 guidance at -0.050–0.010 EPS. As a group, research analysts expect that Domo will post -2.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Domo news, Director Daniel David Daniel III sold 273,900 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was 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 SEC, which is accessible through this hyperlink. Company insiders own 15.24% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new stake in Domo in the third quarter worth approximately $25,000. Nisa Investment Advisors LLC boosted its stake in shares of Domo by 53.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,838 shares of the company’s stock valued at $26,000 after purchasing an additional 642 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Domo in the 2nd quarter valued at $42,000. FNY Investment Advisers LLC bought a new position in shares of Domo during the 2nd quarter valued at $49,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Domo during the 3rd quarter valued at $70,000. 76.64% of the stock is currently owned by hedge funds and other institutional investors.

Domo Company Profile

(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.

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