Domo, Inc. (NASDAQ:DOMO) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Domo, Inc. (NASDAQ:DOMO) have been assigned an average recommendation of “Reduce” from the nine research firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $4.8333.

Several research firms have recently commented on DOMO. Stephens restated an “overweight” rating on shares of Domo in a report on Tuesday, June 16th. Cantor Fitzgerald lowered their price target on shares of Domo from $8.00 to $5.00 and set an “overweight” rating on the stock in a report on Tuesday, June 16th. Weiss Ratings cut shares of Domo from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 16th. TD Cowen cut shares of Domo from a “buy” rating to a “hold” rating and lowered their price target for the company from $6.00 to $3.25 in a report on Tuesday, June 16th. Finally, Citizens Jmp lowered their price target on shares of Domo from $3.50 to $2.25 and set a “market underperform” rating on the stock in a report on Tuesday, June 16th.

Domo Stock Up 9.8%

Shares of NASDAQ:DOMO opened at $3.13 on Friday. The company’s fifty day moving average is $3.41 and its two-hundred day moving average is $4.71. Domo has a 12-month low of $1.84 and a 12-month high of $18.49. The company has a market cap of $141.32 million, a P/E ratio of -2.35 and a beta of 1.78.

Domo (NASDAQ:DOMO) last announced its earnings results on Monday, June 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $79.40 million for the quarter, compared to analyst estimates of $79.64 million. During the same period last year, the firm earned ($0.69) earnings per share. Equities research analysts anticipate that Domo will post -1.42 earnings per share for the current year.

Insider Buying and Selling at Domo

In related news, insider Rpd Fund Management Llc sold 39,034 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $4.46, for a total value of $174,091.64. Following the completion of the sale, the insider directly owned 4,187,809 shares in the company, valued at approximately $18,677,628.14. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Daren Thayne sold 52,365 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total transaction of $124,628.70. Following the completion of the sale, the executive vice president owned 498,051 shares of the company’s stock, valued at $1,185,361.38. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,567,562 shares of company stock valued at $4,301,792. Company insiders own 13.25% of the company’s stock.

Institutional Investors Weigh In On Domo

Large investors have recently bought and sold shares of the business. Global Wealth Strategies & Associates bought a new stake in Domo in the fourth quarter worth $28,000. Headlands Technologies LLC acquired a new position in Domo during the 2nd quarter worth $42,000. Rangeley Capital LLC acquired a new position in Domo during the 1st quarter worth $80,000. Andina Capital Management LLC acquired a new position in Domo during the 4th quarter worth $84,000. Finally, Oxford Asset Management LLP acquired a new position in Domo during the 4th quarter worth $88,000. 76.64% of the stock is currently owned by institutional investors.

Domo Company Profile

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.