Domo, Inc. (NASDAQ:DOMO) Short Interest Update

Domo, Inc. (NASDAQ:DOMO) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 3,692,133 shares, a decrease of 13.2% from the February 12th total of 4,255,878 shares. Currently, 10.4% of the shares of the company are short sold. Based on an average daily volume of 1,492,043 shares, the days-to-cover ratio is currently 2.5 days. Based on an average daily volume of 1,492,043 shares, the days-to-cover ratio is currently 2.5 days. Currently, 10.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Domo

Large investors have recently made changes to their positions in the company. Invesco Ltd. raised its holdings in Domo by 25.8% during the 4th quarter. Invesco Ltd. now owns 77,028 shares of the company’s stock worth $649,000 after purchasing an additional 15,809 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Domo by 52.6% in the fourth quarter. Mackenzie Financial Corp now owns 197,417 shares of the company’s stock valued at $1,685,000 after acquiring an additional 68,007 shares during the last quarter. Oxford Asset Management LLP acquired a new stake in Domo during the 4th quarter worth $88,000. Man Group plc bought a new stake in shares of Domo during the 4th quarter valued at $286,000. Finally, RPD Fund Management LLC boosted its position in shares of Domo by 11,294.3% in the 4th quarter. RPD Fund Management LLC now owns 3,623,400 shares of the company’s stock worth $30,545,000 after purchasing an additional 3,591,600 shares during the last quarter. Institutional investors and hedge funds own 76.64% of the company’s stock.

Domo Trading Down 5.6%

DOMO traded down $0.24 during trading on Tuesday, hitting $4.10. The stock had a trading volume of 936,985 shares, compared to its average volume of 1,900,599. The firm has a market cap of $171.34 million, a PE ratio of -2.84 and a beta of 1.70. Domo has a 12 month low of $3.45 and a 12 month high of $18.49. The company has a 50 day simple moving average of $5.30 and a 200-day simple moving average of $10.09.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Domo in a research note on Wednesday, January 21st. Citizens Jmp reissued an “underperform” rating and set a $3.50 price target on shares of Domo in a research report on Friday, February 13th. Lake Street Capital cut their price objective on Domo from $13.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, March 11th. DA Davidson dropped their target price on shares of Domo from $10.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, March 11th. Finally, Cantor Fitzgerald reduced their price target on shares of Domo from $13.00 to $8.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 11th. One research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.64.

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.