Domo (NASDAQ:DOMO – Get Free Report) issued an update on its second quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of -0.070–0.030 for the period, compared to the consensus EPS estimate of -0.070. The company issued revenue guidance of $77.5 million-$78.5 million, compared to the consensus revenue estimate of $77.5 million. Domo also updated its FY 2026 guidance to -0.260–0.180 EPS.
Analyst Upgrades and Downgrades
Several brokerages have commented on DOMO. Cowen reaffirmed a “hold” rating on shares of Domo in a report on Friday, March 7th. DA Davidson upgraded Domo to a “hold” rating in a research report on Monday, March 10th. Lake Street Capital cut their price objective on Domo from $9.50 to $8.50 and set a “hold” rating on the stock in a research note on Friday, March 7th. Morgan Stanley reduced their target price on Domo from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $11.00 price target on shares of Domo in a report on Thursday, March 20th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $10.25.
Domo Price Performance
Domo (NASDAQ:DOMO – Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.10. The company had revenue of $80.11 million for the quarter, compared to analyst estimates of $77.75 million. Domo’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.33) EPS. On average, equities analysts predict that Domo will post -2.1 earnings per share for the current year.
Insider Buying and Selling
In other news, Director David R. Jolley sold 25,000 shares of Domo stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $8.31, for a total transaction of $207,750.00. Following the completion of the transaction, the director now directly owns 255,743 shares in the company, valued at $2,125,224.33. This trade represents a 8.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel David Daniel III bought 120,000 shares of the firm’s stock in a transaction dated Friday, April 4th. The shares were acquired at an average cost of $6.44 per share, with a total value of $772,800.00. Following the completion of the transaction, the director now owns 781,400 shares of the company’s stock, valued at $5,032,216. This represents a 18.14% increase in their ownership of the stock. The disclosure for this purchase can be found here. 14.04% of the stock is owned by company insiders.
Hedge Funds Weigh In On Domo
Several large investors have recently added to or reduced their stakes in DOMO. Goldman Sachs Group Inc. increased its holdings in Domo by 22.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 172,680 shares of the company’s stock worth $1,340,000 after purchasing an additional 31,740 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Domo during the first quarter worth $237,000. Finally, AQR Capital Management LLC raised its position in 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 last quarter. Institutional investors own 76.64% of the company’s stock.
Domo Company Profile
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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