Domo Inc (DOMO) Receives $37.25 Consensus Target Price from Analysts

Shares of Domo Inc (NASDAQ:DOMO) have received an average rating of “Buy” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $37.25.

Several equities analysts recently commented on DOMO shares. Zacks Investment Research lowered shares of Domo from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. Morgan Stanley upped their price target on shares of Domo from $29.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Needham & Company LLC upped their price target on shares of Domo from $27.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, March 12th. Credit Suisse Group upped their price target on shares of Domo from $27.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Finally, JMP Securities upped their price target on shares of Domo from $35.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th.

Shares of DOMO stock opened at $36.79 on Monday. Domo has a one year low of $13.28 and a one year high of $47.08. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.77 and a current ratio of 1.77.

Domo (NASDAQ:DOMO) last issued its quarterly earnings results on Wednesday, March 13th. The company reported ($1.13) EPS for the quarter, topping the consensus estimate of ($1.42) by $0.29. The company had revenue of $39.40 million for the quarter, compared to analyst estimates of $37.77 million. The firm’s revenue for the quarter was up 30.9% compared to the same quarter last year. On average, equities analysts forecast that Domo will post -4.69 EPS for the current fiscal year.

In other Domo news, EVP Catherine Wong sold 6,580 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $38.74, for a total transaction of $254,909.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co NY purchased a new position in shares of Domo in the first quarter valued at $217,000. Sylebra HK Co Ltd boosted its stake in shares of Domo by 7.3% in the first quarter. Sylebra HK Co Ltd now owns 2,562,689 shares of the company’s stock valued at $103,353,000 after purchasing an additional 174,297 shares during the period. Ladenburg Thalmann Financial Services Inc. purchased a new position in shares of Domo in the first quarter valued at $51,000. Morgan Stanley boosted its stake in shares of Domo by 511.5% in the first quarter. Morgan Stanley now owns 2,221,720 shares of the company’s stock valued at $89,603,000 after purchasing an additional 1,858,371 shares during the period. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Domo in the first quarter valued at $300,000. Institutional investors own 63.09% of the company’s stock.

About Domo

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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Analyst Recommendations for Domo (NASDAQ:DOMO)

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