Short Interest in Domo, Inc. (NASDAQ:DOMO) Decreases By 12.5%

Domo, Inc. (NASDAQ:DOMO) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 3,908,898 shares, a decrease of 12.5% from the January 15th total of 4,467,915 shares. Approximately 11.0% of the shares of the company are short sold. Based on an average trading volume of 1,293,701 shares, the days-to-cover ratio is presently 3.0 days. Based on an average trading volume of 1,293,701 shares, the days-to-cover ratio is presently 3.0 days. Approximately 11.0% of the shares of the company are short sold.

Domo Price Performance

Shares of NASDAQ:DOMO opened at $4.24 on Wednesday. The business’s 50 day moving average price is $7.04 and its 200-day moving average price is $11.56. Domo has a 1 year low of $3.87 and a 1 year high of $18.49. The firm has a market capitalization of $177.22 million, a price-to-earnings ratio of -2.48 and a beta of 1.64.

Domo (NASDAQ:DOMO) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.06. The company had revenue of $79.40 million for the quarter, compared to analyst estimates of $79.03 million. The business’s 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. On average, sell-side analysts expect that Domo will post -2.1 earnings per share for the current year.

Analyst Ratings Changes

DOMO has been the subject of a number of recent research reports. Lake Street Capital reduced 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. Citigroup lowered Domo from an “outperform” rating to an “underperform” rating in a report on Friday. Citizens Jmp reissued an “underperform” rating and issued a $3.50 price target on shares of Domo in a report on Friday, February 13th. TD Cowen lowered their price objective on Domo from $21.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, December 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Domo in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Domo has a consensus rating of “Hold” and a consensus target price of $13.07.

Institutional Investors Weigh In On Domo

Several large investors have recently bought and sold shares of the company. AIGH Capital Management LLC grew its holdings in shares of Domo by 78.5% during the second 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 in the last quarter. XTX Topco Ltd lifted its stake in shares of Domo by 363.1% in the second quarter. XTX Topco Ltd now owns 101,604 shares of the company’s stock worth $1,419,000 after buying an additional 79,663 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Domo by 197.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,167 shares of the company’s stock worth $449,000 after acquiring an additional 21,361 shares during the last quarter. AlphaQuest LLC grew its stake in Domo by 707.3% during the 2nd quarter. AlphaQuest LLC now owns 6,604 shares of the company’s stock valued at $92,000 after acquiring an additional 5,786 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Domo in the 2nd quarter valued at about $197,000. 76.64% of the stock is currently owned by hedge funds and other 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.