Domo Inc (NASDAQ:DOMO) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 3,544,200 shares, an increase of 30.3% from the May 30th total of 2,719,700 shares. Based on an average trading volume of 799,400 shares, the short-interest ratio is currently 4.4 days. Approximately 27.4% of the company’s stock are sold short.
A number of brokerages recently weighed in on DOMO. Credit Suisse Group decreased their price objective on shares of Diplomat Pharmacy from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, April 2nd. Needham & Company LLC restated a “hold” rating on shares of Micron Technology in a report on Thursday, March 21st. Zacks Investment Research upgraded shares of GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a report on Monday, May 27th. Finally, Morgan Stanley set a $156.00 price objective on shares of Mongodb and gave the stock a “hold” rating in a report on Friday, June 7th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $38.38.
NASDAQ:DOMO traded up $0.45 during trading hours on Friday, reaching $30.95. The company had a trading volume of 243,811 shares, compared to its average volume of 681,832. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.66 and a current ratio of 1.66. Domo has a 52 week low of $13.28 and a 52 week high of $47.08. The stock has a market cap of $834.82 million and a price-to-earnings ratio of -3.28. The company’s 50 day simple moving average is $30.44.
Domo (NASDAQ:DOMO) last posted its earnings results on Thursday, June 6th. The company reported ($1.08) EPS for the quarter, topping analysts’ consensus estimates of ($1.45) by $0.37. Domo had a negative net margin of 95.39% and a negative return on equity of 253.84%. The business had revenue of $40.80 million during the quarter, compared to the consensus estimate of $40.69 million. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. On average, equities research analysts predict that Domo will post -4.82 earnings per share for the current year.
Several hedge funds have recently modified their holdings of DOMO. PNC Financial Services Group Inc. grew its position in shares of Domo by 350.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 900 shares of the company’s stock valued at $36,000 after acquiring an additional 700 shares during the period. Crewe Advisors LLC bought a new stake in shares of Domo during the 1st quarter valued at $94,000. BNP Paribas Arbitrage SA bought a new stake in shares of Domo during the 1st quarter valued at $141,000. Bank of America Corp DE grew its position in shares of Domo by 420.3% during the 4th quarter. Bank of America Corp DE now owns 8,809 shares of the company’s stock valued at $173,000 after acquiring an additional 7,116 shares during the period. Finally, New York State Common Retirement Fund bought a new stake in shares of Domo during the 4th quarter valued at $177,000. 69.59% of the stock is owned by hedge funds and other institutional investors.
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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