Domo, Inc. (NASDAQ:DOMO) Given Average Recommendation of “Moderate Buy” by Analysts

Domo, Inc. (NASDAQ:DOMO) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $17.00.

DOMO has been the topic of a number of research reports. JMP Securities increased their target price on shares of Domo from $16.00 to $20.00 and gave the stock a “market outperform” rating in a report on Wednesday, June 25th. DA Davidson increased their price objective on shares of Domo from $9.00 to $15.00 and gave the stock a “hold” rating in a research note on Thursday, August 28th. Wall Street Zen raised shares of Domo from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Cowen raised Domo from a “hold” rating to a “buy” rating in a report on Tuesday, August 26th. Finally, Cantor Fitzgerald increased their price target on Domo from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th.

Domo Stock Up 2.5%

Shares of Domo stock opened at $14.57 on Friday. The business has a 50-day moving average price of $15.00 and a 200 day moving average price of $11.26. Domo has a fifty-two week low of $6.01 and a fifty-two week high of $17.88. The firm has a market cap of $586.30 million, a P/E ratio of -7.51 and a beta of 1.80.

Domo (NASDAQ:DOMO) last issued its earnings results on Wednesday, August 27th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.07. The firm had revenue of $79.72 million during the quarter, compared to analyst estimates of $78.07 million. During the same quarter in the previous year, the business posted ($0.07) EPS. Domo’s revenue was up 1.7% compared to the same quarter last year. 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 research analysts anticipate that Domo will post -2.1 earnings per share for the current year.

Insider Transactions at Domo

In other news, CEO Joshua G. James purchased 13,025 shares of Domo stock in a transaction dated Friday, June 20th. The stock was bought at an average price of $12.74 per share, with a total value of $165,938.50. Following the completion of the acquisition, the chief executive officer owned 1,079,972 shares in the company, valued at $13,758,843.28. The trade was a 1.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 15.24% of the company’s stock.

Institutional Trading of Domo

Hedge funds have recently bought and sold shares of the company. Stark Wealth Management LLC bought a new position in Domo in the 2nd quarter worth about $157,000. Cim Investment Management Inc. boosted its position in shares of Domo by 100.7% during the second quarter. Cim Investment Management Inc. now owns 33,938 shares of the company’s stock worth $474,000 after buying an additional 17,032 shares during the period. State of Wyoming bought a new position in Domo in the 2nd quarter worth approximately $474,000. Headlands Technologies LLC acquired a new stake in Domo in the 2nd quarter valued at approximately $42,000. Finally, Engineers Gate Manager LP increased its position in Domo by 68.0% in the 2nd quarter. Engineers Gate Manager LP now owns 110,341 shares of the company’s stock valued at $1,541,000 after acquiring an additional 44,652 shares during the period. 76.64% of the stock is currently 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.