Domo (NASDAQ:DOMO) Trading Up 5.2%

Domo Inc (NASDAQ:DOMO)’s stock price was up 5.2% during trading on Wednesday . The stock traded as high as $18.19 and last traded at $17.92, approximately 576,000 shares changed hands during trading. A decline of 23% from the average daily volume of 750,324 shares. The stock had previously closed at $17.03.

Several equities analysts recently commented on the company. JMP Securities reduced their price target on Domo from $47.00 to $37.00 and set a “market outperform” rating on the stock in a research report on Friday, September 6th. Credit Suisse Group downgraded shares of Domo from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $45.00 to $20.00 in a research report on Friday, September 6th. Morgan Stanley set a $24.00 price objective on shares of Domo and gave the company a “buy” rating in a research note on Monday, September 9th. UBS Group dropped their price objective on shares of Domo from $28.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. Finally, Zacks Investment Research cut shares of Domo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $25.71.

The firm has a 50 day moving average price of $16.36 and a two-hundred day moving average price of $24.81. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 4.56. The company has a market capitalization of $462.07 million, a price-to-earnings ratio of -1.90 and a beta of 0.75.

Domo (NASDAQ:DOMO) last released its quarterly earnings results on Thursday, September 5th. The company reported ($0.96) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.23) by $0.27. Domo had a negative return on equity of 403.37% and a negative net margin of 81.35%. The business had revenue of $41.70 million for the quarter, compared to analysts’ expectations of $41.68 million. During the same quarter in the previous year, the firm posted ($3.44) earnings per share. The company’s revenue was up 21.6% compared to the same quarter last year. Analysts predict that Domo Inc will post -4.7 earnings per share for the current year.

In other Domo news, CEO Joshua G. James acquired 60,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was purchased at an average price of $17.00 per share, for a total transaction of $1,020,000.00. 21.97% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of DOMO. Tower Research Capital LLC TRC lifted its position in shares of Domo by 338.2% in the third quarter. Tower Research Capital LLC TRC now owns 5,670 shares of the company’s stock worth $91,000 after buying an additional 4,376 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Domo by 20.5% during the 3rd quarter. First Trust Advisors LP now owns 1,314,260 shares of the company’s stock valued at $21,002,000 after acquiring an additional 223,827 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Domo by 7.2% during the 3rd quarter. Cerity Partners LLC now owns 31,439 shares of the company’s stock valued at $502,000 after acquiring an additional 2,098 shares during the last quarter. FinTrust Capital Advisors LLC bought a new position in shares of Domo in the 3rd quarter valued at approximately $32,000. Finally, Edge Wealth Management LLC raised its stake in shares of Domo by 2,194.5% in the 3rd quarter. Edge Wealth Management LLC now owns 27,534 shares of the company’s stock valued at $439,000 after acquiring an additional 26,334 shares in the last quarter. 66.89% of the stock is currently owned by hedge funds and other institutional investors.

Domo Company Profile (NASDAQ: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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