Domo, Inc. (NASDAQ:DOMO) Receives $12.07 Consensus Price Target from Brokerages

Shares of Domo, Inc. (NASDAQ:DOMO) have been given an average recommendation of “Hold” by the nine research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $12.0714.

DOMO has been the subject of a number of recent analyst reports. Wall Street Zen cut Domo from a “buy” rating to a “hold” rating in a research report on Sunday, December 21st. TD Cowen cut their price target on Domo from $16.00 to $9.00 and set a “buy” rating for the company in a report on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Domo in a research report on Wednesday, January 21st. Citigroup downgraded shares of Domo from an “outperform” rating to an “underperform” rating in a report on Friday, February 13th. Finally, DA Davidson set a $10.00 target price on shares of Domo in a research note on Friday, December 5th.

Domo Trading Down 10.0%

Shares of DOMO opened at $3.51 on Friday. The company’s fifty day simple moving average is $6.63 and its 200 day simple moving average is $11.20. Domo has a 1-year low of $3.50 and a 1-year high of $18.49. The company has a market cap of $146.72 million, a price-to-earnings ratio of -2.05 and a beta of 1.65.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Thursday, December 4th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.06. The firm had revenue of $79.40 million during the quarter, compared to the consensus estimate of $79.03 million. Domo’s revenue was down .5% on a year-over-year basis. Domo has set its FY 2026 guidance at -0.110–0.070 EPS and its Q4 2026 guidance at -0.050–0.010 EPS. As a group, research analysts forecast that Domo will post -2.1 earnings per share for the current year.

Institutional Investors Weigh In On Domo

A number of institutional investors have recently made changes to their positions in DOMO. XTX Topco Ltd grew its position in shares of Domo by 363.1% during the 2nd quarter. XTX Topco Ltd now owns 101,604 shares of the company’s stock worth $1,419,000 after purchasing an additional 79,663 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Domo by 197.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,167 shares of the company’s stock valued at $449,000 after buying an additional 21,361 shares during the period. AlphaQuest LLC grew its position in Domo by 707.3% during the second quarter. AlphaQuest LLC now owns 6,604 shares of the company’s stock worth $92,000 after buying an additional 5,786 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Domo during the 2nd quarter worth $197,000. Finally, Marshall Wace LLP raised 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 valued at $10,781,000 after acquiring an additional 738,973 shares in the last quarter. Institutional investors own 76.64% of the company’s stock.

About Domo

Domo, Inc (NASDAQ: DOMO) is a cloud-based software company that specializes in business intelligence and data analytics. The company’s flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise.

Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific.