Domo (NASDAQ:DOMO) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Domo (NASDAQ:DOMO) from a buy rating to a hold rating in a report issued on Sunday morning.

A number of other analysts have also commented on DOMO. JMP Securities reissued a “market outperform” rating and issued a $20.00 price objective on shares of Domo in a research report on Wednesday, September 10th. Cantor Fitzgerald boosted their price target on shares of Domo from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Lake Street Capital reduced their price objective on shares of Domo from $16.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, December 5th. DA Davidson set a $10.00 price objective on Domo in a report on Friday, December 5th. Finally, TD Cowen dropped their target price on Domo from $21.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.14.

Domo Price Performance

DOMO stock opened at $8.63 on Friday. The stock has a market capitalization of $355.81 million, a P/E ratio of -5.05 and a beta of 1.76. Domo has a fifty-two week low of $6.01 and a fifty-two week high of $18.49. The business has a 50-day moving average of $11.68 and a 200-day moving average of $13.83.

Domo (NASDAQ:DOMO) last announced its earnings results on Thursday, December 4th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.06. The firm had revenue of $79.40 million during the quarter, compared to analyst estimates of $79.03 million. Domo’s revenue was down .5% on a year-over-year basis. Domo has set its FY 2026 guidance at -0.110–0.070 EPS and its Q4 2026 guidance at -0.050–0.010 EPS. Equities analysts expect that Domo will post -2.1 EPS for the current year.

Insider Transactions at Domo

In related news, Director Daniel David Daniel III sold 273,900 shares of Domo 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 15.24% of the company’s stock.

Institutional Trading of Domo

A number of hedge funds have recently made changes to their positions in DOMO. Capital Research Global Investors bought a new position in shares of Domo during the 3rd quarter worth approximately $43,560,000. Portolan Capital Management LLC boosted its position in Domo by 142.3% during the third quarter. Portolan Capital Management LLC now owns 2,684,753 shares of the company’s stock worth $42,526,000 after purchasing an additional 1,576,884 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Domo by 3.0% in the first quarter. Acadian Asset Management LLC now owns 1,415,884 shares of the company’s stock valued at $10,987,000 after purchasing an additional 41,194 shares during the last quarter. AIGH Capital Management LLC lifted its stake in shares of Domo by 78.5% during the 2nd quarter. AIGH Capital Management LLC now owns 1,341,518 shares of the company’s stock worth $18,741,000 after buying an additional 589,935 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Domo by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 822,020 shares of the company’s stock worth $11,486,000 after buying an additional 18,348 shares during the last quarter. 76.64% of the stock is owned by institutional investors and hedge funds.

About Domo

Domo, Inc (NASDAQ: DOMO) is a cloud-based software company that specializes in business intelligence and data analytics. The company’s flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise.

Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific.