Domo (NASDAQ:DOMO) Given New $35.00 Price Target at Needham & Company LLC

Domo (NASDAQ:DOMO) had its target price increased by Needham & Company LLC from $34.00 to $35.00 in a research report sent to investors on Friday, Briefing.com Automated Import reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently commented on the stock. UBS Group lowered their target price on shares of Domo from $28.00 to $18.00 and set a neutral rating on the stock in a research note on Monday, September 9th. ValuEngine lowered shares of Domo from a buy rating to a hold rating in a research note on Tuesday, November 19th. Credit Suisse Group cut shares of Domo from an outperform rating to a neutral rating and decreased their price objective for the company from $45.00 to $20.00 in a report on Friday, September 6th. Cowen lowered their price objective on shares of Domo from $52.00 to $28.00 and set a buy rating on the stock in a research note on Friday, September 6th. Finally, Morgan Stanley upped their target price on Domo from $24.00 to $26.00 and gave the stock an overweight rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $27.14.

Shares of DOMO stock opened at $23.39 on Friday. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.46 and a current ratio of 1.46. Domo has a 1 year low of $14.80 and a 1 year high of $47.08. The stock has a fifty day moving average of $17.27 and a two-hundred day moving average of $23.39. The firm has a market capitalization of $643.32 million, a PE ratio of -2.48 and a beta of 0.85.

Domo (NASDAQ:DOMO) last released its quarterly earnings results on Thursday, December 5th. The company reported ($0.85) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.01) by $0.16. The company had revenue of $44.80 million during the quarter, compared to analysts’ expectations of $41.81 million. Domo had a negative return on equity of 616.37% and a negative net margin of 75.42%. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.06) earnings per share. Equities research analysts predict that Domo will post -4.7 earnings per share for the current fiscal year.

In other Domo news, CEO Joshua G. James purchased 60,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were purchased at an average cost of $17.00 per share, for a total transaction of $1,020,000.00. 21.97% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. EULAV Asset Management grew its stake in shares of Domo by 82.2% in the 2nd quarter. EULAV Asset Management now owns 31,700 shares of the company’s stock worth $866,000 after purchasing an additional 14,300 shares during the last quarter. First Trust Advisors LP bought a new stake in Domo during the second quarter worth approximately $29,791,000. Great Lakes Advisors LLC grew its position in Domo by 6.8% in the second quarter. Great Lakes Advisors LLC now owns 116,473 shares of the company’s stock worth $3,182,000 after buying an additional 7,382 shares during the last quarter. Atria Investments LLC acquired a new position in Domo in the second quarter worth approximately $135,000. Finally, Royal Bank of Canada acquired a new position in Domo in the second quarter worth approximately $94,000. 64.48% of the stock is owned by institutional investors.

About Domo

Domo, Inc operates a cloud-based platform in the United States. Its platform digitally connects chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.

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