Domo (NASDAQ:DOMO) Price Target Lowered to $16.00 at TD Cowen

Domo (NASDAQ:DOMO) had its target price decreased by research analysts at TD Cowen from $21.00 to $16.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective indicates a potential upside of 83.02% from the stock’s previous close.

Several other research analysts have also recently weighed in on DOMO. Wall Street Zen cut shares of Domo from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Cantor Fitzgerald upped their target price on Domo from $17.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. JMP Securities reiterated a “market outperform” rating and set a $20.00 price target on shares of Domo in a research report on Wednesday, September 10th. Lake Street Capital set a $13.00 price objective on shares of Domo in a research report on Friday. Finally, Cowen reaffirmed a “buy” rating on shares of Domo in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.14.

Domo Price Performance

Shares of DOMO traded down $2.83 during midday trading on Friday, hitting $8.74. 2,616,495 shares of the company traded hands, compared to its average volume of 583,428. Domo has a one year low of $6.01 and a one year high of $18.49. The firm has a market cap of $360.43 million, a P/E ratio of -4.51 and a beta of 1.76. The stock has a 50-day moving average of $13.07 and a 200-day moving average of $14.02.

Domo (NASDAQ:DOMO) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.06. The firm had revenue of $79.40 million for the quarter, compared to analysts’ expectations of $79.03 million. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Domo has set its FY 2026 guidance at -0.110–0.070 EPS and its Q4 2026 guidance at -0.050–0.010 EPS. Sell-side analysts forecast that Domo will post -2.1 EPS for the current fiscal year.

Insider Activity at Domo

In other news, Director Daniel David Daniel III sold 273,900 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $15.26, for a total transaction of $4,179,714.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 15.24% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DOMO. Charles Schwab Investment Management Inc. lifted its holdings in shares of Domo by 7.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 273,863 shares of the company’s stock worth $2,125,000 after acquiring an additional 19,253 shares during the last quarter. Invesco Ltd. raised its position in Domo by 116.7% in the 1st quarter. Invesco Ltd. now owns 23,624 shares of the company’s stock worth $183,000 after purchasing an additional 12,722 shares during the period. Nuveen LLC bought a new stake in Domo in the first quarter worth $1,248,000. Hsbc Holdings PLC boosted its position in Domo by 93.1% during the first quarter. Hsbc Holdings PLC now owns 29,051 shares of the company’s stock valued at $223,000 after buying an additional 14,005 shares during the period. Finally, MetLife Investment Management LLC grew its stake in shares of Domo by 9.5% during the first quarter. MetLife Investment Management LLC now owns 19,446 shares of the company’s stock valued at $151,000 after buying an additional 1,681 shares during the last quarter. 76.64% of the stock is owned by hedge funds and other institutional investors.

Domo Company Profile

Domo, Inc, together with its subsidiaries, operates a cloud-based business intelligence platform in North America, Western Europe, Canada, Australia, and Japan. Its platform digitally connects from the chief executive officer to the frontline employee with the various people, data, and systems in an organization, as well as giving them access to real-time data and insights, and allowing them to manage business via various browsers and visualization engines accessible across laptops, TV screens, monitors, tablets, and smartphones.