Stock analysts at DA Davidson assumed coverage on shares of Domo (NASDAQ:DOMO – Get Free Report) in a research report issued on Thursday, Marketbeat reports. The firm set a “neutral” rating and a $10.00 price target on the stock. DA Davidson’s target price indicates a potential upside of 4.49% from the company’s current price.
DOMO has been the subject of a number of other research reports. Lake Street Capital cut their target price on shares of Domo from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, August 25th. Morgan Stanley cut their target price on shares of Domo from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, August 25th. JMP Securities cut their target price on shares of Domo from $30.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, August 25th. Finally, TD Cowen downgraded shares of Domo from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $20.00 to $14.00 in a research report on Friday, August 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Domo presently has an average rating of “Hold” and an average target price of $17.86.
Get Our Latest Stock Analysis on Domo
Domo Stock Performance
Domo (NASDAQ:DOMO – Get Free Report) last announced its quarterly earnings data on Thursday, August 24th. The company reported ($0.44) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.08. The firm had revenue of $79.67 million during the quarter, compared to analysts’ expectations of $79.02 million. As a group, sell-side analysts forecast that Domo will post -2.07 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CEO Joshua G. James bought 25,400 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were bought at an average cost of $9.71 per share, for a total transaction of $246,634.00. Following the completion of the transaction, the chief executive officer now owns 39,300 shares of the company’s stock, valued at $381,603. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Joshua G. James bought 25,400 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were bought at an average cost of $9.71 per share, for a total transaction of $246,634.00. Following the completion of the transaction, the chief executive officer now owns 39,300 shares of the company’s stock, valued at $381,603. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joshua G. James bought 13,900 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average price of $9.90 per share, for a total transaction of $137,610.00. Following the completion of the transaction, the chief executive officer now directly owns 13,900 shares of the company’s stock, valued at approximately $137,610. The disclosure for this purchase can be found here. In the last quarter, insiders bought 132,700 shares of company stock valued at $1,478,030. Company insiders own 12.77% of the company’s stock.
Institutional Investors Weigh In On Domo
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its position in Domo by 90.1% during the first quarter. Lazard Asset Management LLC now owns 1,561 shares of the company’s stock valued at $78,000 after purchasing an additional 740 shares during the period. Cim Investment Management Inc. raised its holdings in shares of Domo by 3.6% in the first quarter. Cim Investment Management Inc. now owns 21,453 shares of the company’s stock worth $304,000 after buying an additional 743 shares during the period. Boothbay Fund Management LLC raised its holdings in shares of Domo by 6.7% in the fourth quarter. Boothbay Fund Management LLC now owns 12,436 shares of the company’s stock worth $177,000 after buying an additional 786 shares during the period. Royal Bank of Canada raised its holdings in shares of 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 buying an additional 802 shares during the period. Finally, Advisor Group Holdings Inc. raised its holdings in shares of Domo by 29.9% in the first quarter. Advisor Group Holdings Inc. now owns 3,625 shares of the company’s stock worth $203,000 after buying an additional 835 shares during the period. 65.01% of the stock is currently owned by hedge funds and other institutional investors.
About Domo
Domo, Inc 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 from smartphones.
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