Domo, Inc. (NASDAQ:HUCK) Stock Has Average Price Target of $3.95

Shares of Domo, Inc. (NASDAQ:HUCK) have been assigned an average rating of “Reduce” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $3.95.

Several research firms recently weighed in on HUCK. Stephens downgraded shares of Domo from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $5.00 to $4.00 in a report on Thursday, July 23rd. Wall Street Zen cut shares of Domo from a “hold” rating to a “sell” rating in a report on Saturday, September 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Domo in a report on Monday, October 26th. Lake Street Capital upgraded shares of Domo from a “hold” rating to a “buy” rating and lowered their price objective for the company from $7.00 to $5.00 in a research note on Thursday, July 23rd. Finally, Citigroup reissued a “market underperform” rating on shares of Domo in a report on Monday, August 17th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Rangeley Capital LLC bought a new stake in Domo in the first quarter worth about $80,000. Hsbc Holdings PLC bought a new position in shares of Domo during the 1st quarter valued at about $105,000. Sei Investments Co. boosted its position in shares of Domo by 43.6% during the 1st quarter. Sei Investments Co. now owns 36,059 shares of the company’s stock valued at $110,000 after purchasing an additional 10,952 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Domo by 316.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 45,420 shares of the company’s stock worth $139,000 after purchasing an additional 34,520 shares during the last quarter. Finally, Rockwood Wealth Management LLC raised its holdings in shares of Domo by 16.1% in the 1st quarter. Rockwood Wealth Management LLC now owns 54,227 shares of the company’s stock worth $166,000 after purchasing an additional 7,507 shares in the last quarter. Institutional investors own 76.64% of the company’s stock.

Domo Trading Up 0.3%

Shares of NASDAQ:HUCK opened at $3.15 on Thursday. The firm’s 50 day moving average is $3.59 and its two-hundred day moving average is $3.78. The firm has a market capitalization of $142.22 million, a P/E ratio of -3.21 and a beta of 1.81. Domo has a 52 week low of $1.84 and a 52 week high of $14.06.

Domo (NASDAQ:HUCK) last issued its quarterly earnings data on Thursday, September 3rd. The company reported ($0.21) earnings per share (EPS) for the quarter. The company had revenue of $76.78 million during the quarter, compared to analyst estimates of $78.06 million. Analysts predict that Domo will post -1.45 EPS for the current year.

About Domo

Domo, Inc develops a cloud-based business intelligence and data experience platform that helps organizations connect, analyze and act on information from across their operations. Its platform is designed to make data accessible to business users through interactive dashboards, visualizations, reporting and collaboration tools.

Domo’s products support data integration, preparation, governance and workflow automation, allowing customers to bring together information from databases, enterprise applications and other sources.