Domo, Inc. (HUCK) – What Are Investment Firms Thinking About This Stock?

Domo, Inc. (NASDAQ:HUCK) has received a consensus rating of “Reduce” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $3.95.

Several analysts have recently weighed in on HUCK shares. Cantor Fitzgerald downgraded shares of Domo from an “overweight” rating to a “hold” rating and set a $4.84 price objective for the company. in a research report on Thursday, July 23rd. UBS Group reissued a “market underperform” rating on shares of Domo in a research report on Monday, August 17th. Lake Street Capital upgraded Domo from a “hold” rating to a “buy” rating and dropped their price target for the stock from $7.00 to $5.00 in a research note on Thursday, July 23rd. Wall Street Zen lowered Domo from a “hold” rating to a “sell” rating in a research report on Saturday, September 12th. Finally, Citigroup reaffirmed a “market underperform” rating on shares of Domo in a research report on Monday, August 17th.

Hedge Funds Weigh In On Domo

Institutional investors have recently bought and sold shares of the company. Rangeley Capital LLC purchased a new position in Domo in the 1st quarter valued at approximately $80,000. Hsbc Holdings PLC purchased a new stake in shares of Domo in the first quarter valued at about $105,000. Sei Investments Co. grew its position in shares of Domo by 43.6% in the first quarter. Sei Investments Co. now owns 36,059 shares of the company’s stock valued at $110,000 after purchasing an additional 10,952 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Domo by 316.7% in the first quarter. Public Employees Retirement System of Ohio now owns 45,420 shares of the company’s stock valued at $139,000 after purchasing an additional 34,520 shares during the last quarter. Finally, Rockwood Wealth Management LLC increased its stake in shares of Domo by 16.1% during the 1st quarter. Rockwood Wealth Management LLC now owns 54,227 shares of the company’s stock worth $166,000 after purchasing an additional 7,507 shares in the last quarter. 76.64% of the stock is owned by institutional investors and hedge funds.

Domo Stock Performance

NASDAQ HUCK opened at $3.02 on Thursday. The stock’s fifty day moving average is $3.58 and its two-hundred day moving average is $3.76. The firm has a market capitalization of $136.35 million, a P/E ratio of -3.08 and a beta of 1.81. Domo has a fifty-two week low of $1.84 and a fifty-two week high of $14.06.

Domo (NASDAQ:HUCK) last posted its earnings results on Thursday, September 3rd. The company reported ($0.21) EPS for the quarter. The business had revenue of $76.78 million during the quarter, compared to the consensus estimate of $78.06 million. As a group, sell-side analysts forecast that Domo will post -1.45 EPS for the current year.

About Domo

Domo, Inc develops a cloud-based business intelligence and data experience platform that helps organizations connect, analyze and act on information from across their operations. Its platform is designed to make data accessible to business users through interactive dashboards, visualizations, reporting and collaboration tools.

Domo’s products support data integration, preparation, governance and workflow automation, allowing customers to bring together information from databases, enterprise applications and other sources.