Macquarie Group Ltd. Sells 637,529 Shares of Domo, Inc. (NASDAQ:DOMO)

Posted by on Mar 7th, 2023

Macquarie Group Ltd. decreased its stake in Domo, Inc. (NASDAQ:DOMO – Get Rating) by 58.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 457,239 shares of the company’s stock after selling 637,529 shares during the period. Macquarie Group Ltd. owned 1.33% of Domo worth $8,233,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Swiss National Bank raised its position in Domo by 1.0% in the second quarter. Swiss National Bank now owns 69,100 shares of the company’s stock worth $1,921,000 after acquiring an additional 700 shares during the period. Ensign Peak Advisors Inc raised its position in Domo by 11.9% in the second quarter. Ensign Peak Advisors Inc now owns 6,760 shares of the company’s stock worth $188,000 after acquiring an additional 720 shares during the period. Lazard Asset Management LLC raised its position in Domo by 90.1% in the first quarter. Lazard Asset Management LLC now owns 1,561 shares of the company’s stock worth $78,000 after acquiring an additional 740 shares during the period. Royal Bank of Canada raised its position in Domo by 15.5% in the third quarter. Royal Bank of Canada now owns 5,975 shares of the company’s stock worth $107,000 after acquiring an additional 802 shares during the period. Finally, Barclays PLC raised its position in Domo by 12.4% in the third quarter. Barclays PLC now owns 7,367 shares of the company’s stock worth $132,000 after acquiring an additional 813 shares during the period. Institutional investors own 71.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on DOMO shares. Morgan Stanley lowered shares of Domo from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $24.00 to $16.00 in a research report on Friday, January 20th. Lake Street Capital cut their price target on shares of Domo from $25.00 to $23.00 in a research note on Friday, December 9th. Cowen lowered their price objective on shares of Domo from $27.00 to $23.00 in a report on Friday, December 9th. Cowen lowered their price target on shares of Domo from $27.00 to $23.00 in a report on Friday, December 9th. Finally, JMP Securities reissued a “market outperform” rating and set a $30.00 price objective on shares of Domo in a research report on Wednesday, February 22nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Domo Price Performance

NASDAQ:DOMO opened at $16.45 on Tuesday. The firm’s 50-day moving average price is $14.65 and its 200-day moving average price is $16.40. The company has a market capitalization of $568.18 million, a PE ratio of -4.63 and a beta of 2.18. Domo, Inc. has a 1-year low of $11.35 and a 1-year high of $57.41.

Domo (NASDAQ:DOMO – Get Rating) last announced its quarterly earnings data on Thursday, December 8th. The company reported ($0.69) EPS for the quarter, beating the consensus estimate of ($0.82) by $0.13. The firm had revenue of $79.03 million for the quarter, compared to analysts’ expectations of $76.43 million. Equities analysts anticipate that Domo, Inc. will post -3.12 EPS for the current fiscal year.

Domo Profile

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Domo, Inc designs, develops, and markets executive management software solutions. It offers customized software tools for business operations, customer relationship management, human resources, and financial reporting. The company was founded by Joshua G. James in September 2010 and is headquartered in American Fork, UT.

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Institutional Ownership by Quarter for Domo (NASDAQ:DOMO)

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