Domo (NASDAQ:DOMO) Issues Q3 Earnings Guidance

Domo (NASDAQ:DOMO) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $(0.18)-$(0.14) for the period, compared to the consensus EPS estimate of ($0.14). The company issued revenue guidance of $77-78 million, compared to the consensus revenue estimate of $76.97 million. Domo also updated its FY 2025 guidance to -0.770–0.690 EPS.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. TD Cowen upped their price objective on shares of Domo from $8.00 to $9.00 and gave the stock a hold rating in a report on Friday. JMP Securities restated a market outperform rating and issued a $16.00 target price on shares of Domo in a report on Friday. Morgan Stanley dropped their target price on shares of Domo from $13.00 to $7.00 and set an equal weight rating on the stock in a report on Friday, May 24th. DA Davidson increased their price target on shares of Domo from $7.00 to $8.00 and gave the stock a neutral rating in a research report on Friday. Finally, Lake Street Capital downgraded shares of Domo from a buy rating to a hold rating and decreased their price target for the stock from $15.00 to $8.00 in a research report on Friday, May 24th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $9.60.

Domo Stock Down 3.2 %

DOMO stock traded down $0.25 during mid-day trading on Friday, hitting $7.47. The company had a trading volume of 1,021,448 shares, compared to its average volume of 395,601. The company has a market capitalization of $285.17 million, a price-to-earnings ratio of -3.56 and a beta of 2.45. Domo has a 12-month low of $6.11 and a 12-month high of $12.23. The company has a 50-day moving average price of $7.80 and a 200 day moving average price of $8.24.

Insider Transactions at Domo

In other news, EVP Daren Thayne sold 7,095 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $6.85, for a total value of $48,600.75. Following the sale, the executive vice president now directly owns 406,663 shares in the company, valued at approximately $2,785,641.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Daniel David Daniel III bought 150,000 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were acquired at an average cost of $6.87 per share, for a total transaction of $1,030,500.00. Following the purchase, the director now directly owns 561,400 shares of the company’s stock, valued at $3,856,818. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daren Thayne sold 7,095 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $6.85, for a total transaction of $48,600.75. Following the completion of the transaction, the executive vice president now owns 406,663 shares in the company, valued at $2,785,641.55. The disclosure for this sale can be found here. Insiders own 14.04% of the company’s stock.

Domo Company Profile

Domo, Inc, together with its subsidiaries, operates a cloud-based business intelligence platform in North America, Western Europe, Canada, Australia, and Japan. Its platform digitally connects from the chief executive officer to the frontline employee with the various people, data, and systems in an organization, as well as giving them access to real-time data and insights, and allowing them to manage business via various browsers and visualization engines accessible across laptops, TV screens, monitors, tablets, and smartphones.