DA Davidson Cuts Domo (NASDAQ:DOMO) Price Target to $6.00

Domo (NASDAQ:DOMO) had its price target trimmed by DA Davidson from $10.00 to $6.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts have also issued research reports about the stock. Citigroup lowered shares of Domo from an “outperform” rating to an “underperform” rating in a report on Friday, February 13th. Wall Street Zen downgraded Domo from a “buy” rating to a “hold” rating in a research note on Sunday, December 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Domo in a research report on Wednesday, January 21st. Lake Street Capital decreased their price objective on Domo from $16.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, December 5th. Finally, TD Cowen decreased their price objective on Domo from $16.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.64.

Domo Trading Up 1.7%

Shares of NASDAQ DOMO opened at $4.71 on Wednesday. Domo has a 1 year low of $3.45 and a 1 year high of $18.49. The firm’s 50-day moving average is $5.38 and its 200-day moving average is $10.26. The firm has a market capitalization of $196.88 million, a PE ratio of -3.25 and a beta of 1.70.

Domo (NASDAQ:DOMO) last posted its quarterly earnings results on Tuesday, March 10th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.16). The company had revenue of $79.63 million for the quarter, compared to analyst estimates of $78.65 million. The firm’s quarterly revenue was up 1% compared to the same quarter last year. As a group, equities research analysts anticipate that Domo will post -2.1 earnings per share for the current fiscal year.

Institutional Trading of Domo

Large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new stake in Domo during the 3rd quarter worth approximately $25,000. Headlands Technologies LLC acquired a new position in shares of Domo in the second quarter valued at approximately $42,000. Global Wealth Strategies & Associates acquired a new position in shares of Domo in the fourth quarter valued at approximately $28,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Domo during the third quarter worth $70,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Domo during the second quarter worth $122,000. 76.64% of the stock is owned by institutional investors.

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.