Domo’s (DOMO) “Market Outperform” Rating Reaffirmed at JMP Securities

Domo (NASDAQ:DOMO)‘s stock had its “market outperform” rating reiterated by equities researchers at JMP Securities in a research note issued on Friday,Benzinga reports. They presently have a $16.00 target price on the stock. JMP Securities’ target price would indicate a potential upside of 64.27% from the company’s current price.

Several other equities analysts have also recently weighed in on DOMO. TD Cowen raised their price objective on Domo from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, November 29th. DA Davidson raised their price objective on Domo from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Domo currently has an average rating of “Hold” and an average price target of $9.80.

Domo Trading Down 2.4 %

DOMO stock opened at $9.74 on Friday. The stock has a 50-day moving average price of $8.31 and a two-hundred day moving average price of $7.73. The stock has a market cap of $376.26 million, a PE ratio of -4.51 and a beta of 2.44. Domo has a 1 year low of $6.11 and a 1 year high of $12.23.

Domo (NASDAQ:DOMO) last released its earnings results on Thursday, December 5th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.27). The business had revenue of $79.68 million during the quarter, compared to analysts’ expectations of $77.56 million. Domo’s revenue was down .1% on a year-over-year basis. On average, analysts forecast that Domo will post -2.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Domo

A number of hedge funds and other institutional investors have recently bought and sold shares of DOMO. Acadian Asset Management LLC grew its holdings in Domo by 32.3% during the second quarter. Acadian Asset Management LLC now owns 1,301,495 shares of the company’s stock worth $10,042,000 after purchasing an additional 317,388 shares during the period. Parallax Volatility Advisers L.P. lifted its position in Domo by 113.9% during the third quarter. Parallax Volatility Advisers L.P. now owns 29,990 shares of the company’s stock worth $225,000 after acquiring an additional 246,016 shares during the last quarter. 272 Capital LP lifted its position in Domo by 52.1% during the second quarter. 272 Capital LP now owns 416,464 shares of the company’s stock worth $3,215,000 after acquiring an additional 142,609 shares during the last quarter. FMR LLC lifted its position in Domo by 20.6% during the third quarter. FMR LLC now owns 301,457 shares of the company’s stock worth $2,264,000 after acquiring an additional 51,494 shares during the last quarter. Finally, Ceera Investments LLC lifted its position in Domo by 27.5% during the second quarter. Ceera Investments LLC now owns 212,910 shares of the company’s stock worth $1,644,000 after acquiring an additional 45,899 shares during the last quarter. Institutional investors own 76.64% 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.