Domo (NASDAQ:DOMO) posted its quarterly earnings data on Wednesday. The company reported ($0.94) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.42) by $0.48, Briefing.com reports. The business had revenue of $39.40 million during the quarter, compared to analysts’ expectations of $37.77 million. Domo’s revenue for the quarter was up 30.9% compared to the same quarter last year.
Shares of NASDAQ:DOMO opened at $31.20 on Thursday. Domo has a fifty-two week low of $13.28 and a fifty-two week high of $36.87. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.47.
Several research analysts have recently commented on the stock. Credit Suisse Group reissued an “outperform” rating and issued a $40.00 price objective (up previously from $27.00) on shares of Domo in a research note on Thursday. Needham & Company LLC raised their price objective on shares of Domo from $27.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley raised their price objective on shares of Domo from $29.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, March 7th. Finally, Zacks Investment Research lowered shares of Domo from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. Domo currently has an average rating of “Buy” and a consensus price target of $30.63.
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Domo Company Profile
Domo, Inc operates a cloud-based platform in the United States. Its platform digitally connects chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.
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