Domo (NASDAQ:DOMO) Earns “Overweight” Rating from Stephens

Domo (NASDAQ:DOMO)‘s stock had its “overweight” rating reaffirmed by equities researchers at Stephens in a research report issued on Tuesday,Benzinga reports.

A number of other equities research analysts have also commented on DOMO. TD Cowen lowered shares of Domo from a “buy” rating to a “hold” rating and set a $3.25 price objective on the stock. in a research note on Tuesday. Wall Street Zen lowered Domo from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Cantor Fitzgerald decreased their price target on Domo from $8.00 to $5.00 and set an “overweight” rating for the company in a report on Tuesday. DA Davidson decreased their price objective on shares of Domo from $10.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, March 11th. Finally, Lake Street Capital lowered their target price on Domo from $13.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Domo presently has an average rating of “Reduce” and an average target price of $5.25.

Domo Trading Down 34.8%

Shares of DOMO opened at $2.13 on Tuesday. Domo has a 12 month low of $2.39 and a 12 month high of $18.49. The firm’s 50 day moving average is $3.51 and its 200-day moving average is $5.32. The stock has a market capitalization of $95.99 million, a PE ratio of -1.41 and a beta of 1.78.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Monday, June 15th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $79.40 million for the quarter, compared to the consensus estimate of $79.64 million. During the same quarter in the prior year, the company earned ($0.69) earnings per share. Equities research analysts predict that Domo will post -1.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Rpd Fund Management Llc sold 1,100,900 shares of the stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $2.56, for a total transaction of $2,818,304.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 1,350,626 shares of company stock valued at $3,785,484. 13.25% of the stock is owned by company insiders.

Institutional Trading of Domo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DOMO. AQR Capital Management LLC boosted its stake in Domo by 17.5% during the first quarter. AQR Capital Management LLC now owns 40,231 shares of the company’s stock worth $312,000 after acquiring an additional 5,985 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Domo in the first quarter valued at about $237,000. Goldman Sachs Group Inc. boosted its holdings in shares of Domo by 22.5% in the first quarter. Goldman Sachs Group Inc. now owns 172,680 shares of the company’s stock worth $1,340,000 after buying an additional 31,740 shares during the last quarter. Creative Planning increased its position in Domo by 23.2% in the second quarter. Creative Planning now owns 15,362 shares of the company’s stock worth $215,000 after buying an additional 2,889 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Domo by 9.6% during the 2nd quarter. Rhumbline Advisers now owns 54,308 shares of the company’s stock valued at $759,000 after buying an additional 4,751 shares in the last quarter. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Key Stories Impacting Domo

Here are the key news stories impacting Domo this week:

• Positive Sentiment: Domo said its board’s strategic alternatives process is still active, and management indicated a deal could be announced soon, which is fueling takeover speculation and supporting the stock. MarketWatch article
• Positive Sentiment: The company reported adjusted EPS of ($0.02), in line with Wall Street’s forecast, and gross retention improved to 86.7%, showing some underlying customer stability. Business Wire article
• Neutral Sentiment: Analysts remain split: Cantor Fitzgerald cut its price target to $5 from $8 but kept an overweight rating, while Citizens JMP lowered its target to $2.25 and reiterated an underperform view. Benzinga article
• Negative Sentiment: Revenue of $79.4 million missed estimates slightly, and several reports highlighted continued demand weakness and concerns about Domo’s ability to grow without a sale. MSN article
• Negative Sentiment: Domo also issued a going-concern warning, underscoring financial risk and why some analysts remain skeptical despite the strategic review. MarketWatch article

Domo Company Profile

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.