Domo (NASDAQ:DOMO) Raised to Buy at TD Cowen

TD Cowen upgraded shares of Domo (NASDAQ:DOMO) from a hold rating to a buy rating in a research note released on Tuesday morning, MarketBeat.com reports. The firm currently has $21.00 price target on the stock, up from their prior price target of $13.00.

DOMO has been the subject of several other reports. Citigroup reissued an “outperform” rating on shares of Domo in a research report on Wednesday, June 25th. Stephens initiated coverage on Domo in a report on Friday, July 18th. They issued an “overweight” rating and a $19.00 target price for the company. JMP Securities lifted their target price on Domo from $16.00 to $20.00 and gave the stock a “market outperform” rating in a report on Wednesday, June 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $17.00 price objective on shares of Domo in a research note on Wednesday, June 25th. Finally, Lake Street Capital reiterated a “hold” rating and issued a $9.00 price objective (up previously from $8.50) on shares of Domo in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Domo Stock Performance

Shares of DOMO opened at $15.32 on Tuesday. Domo has a 52 week low of $6.01 and a 52 week high of $17.88. The stock has a market capitalization of $616.48 million, a price-to-earnings ratio of -7.90 and a beta of 1.87. The stock has a fifty day moving average of $14.85 and a 200-day moving average of $11.10.

Domo (NASDAQ:DOMO) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.07. The business had revenue of $79.72 million for the quarter, compared to the consensus estimate of $78.07 million. Domo’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) EPS. Domo has set its FY 2026 guidance at -0.190–0.110 EPS. Q3 2026 guidance at -0.070–0.030 EPS. As a group, equities analysts forecast that Domo will post -2.1 EPS for the current year.

Insider Activity

In other news, CEO Joshua G. James acquired 13,025 shares of Domo stock in a transaction on Friday, June 20th. The stock was acquired at an average cost of $12.74 per share, with a total value of $165,938.50. Following the transaction, the chief executive officer owned 1,079,972 shares of the company’s stock, valued at approximately $13,758,843.28. This trade represents a 1.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. RPD Fund Management LLC bought a new position in Domo during the fourth quarter worth about $15,449,000. AIGH Capital Management LLC bought a new position in Domo in the 1st quarter worth approximately $5,832,000. Marshall Wace LLP boosted its holdings in Domo by 2,255.4% in the 2nd quarter. Marshall Wace LLP now owns 771,737 shares of the company’s stock worth $10,781,000 after buying an additional 738,973 shares during the period. Bank of America Corp DE boosted its holdings in shares of Domo by 129.8% in the second quarter. Bank of America Corp DE now owns 536,972 shares of the company’s stock worth $7,501,000 after acquiring an additional 303,279 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Domo by 9.4% in the fourth quarter. Ameriprise Financial Inc. now owns 3,287,833 shares of the company’s stock worth $23,278,000 after acquiring an additional 282,943 shares during the period. 76.64% of the stock is owned by institutional investors.

About Domo

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.