JMP Securities Reaffirms Market Outperform Rating for Domo (NASDAQ:DOMO)

JMP Securities reiterated their market outperform rating on shares of Domo (NASDAQ:DOMO) in a research report report published on Monday, Benzinga reports. JMP Securities currently has a $16.00 price target on the stock.

Several other brokerages have also weighed in on DOMO. TD Cowen decreased their price objective on Domo from $11.50 to $10.00 and set a hold rating for the company in a report on Tuesday, May 21st. Lake Street Capital downgraded shares of Domo from a buy rating to a hold rating and reduced their target price for the stock from $15.00 to $8.00 in a research note on Friday, May 24th. Morgan Stanley lowered their price target on shares of Domo from $13.00 to $7.00 and set an equal weight rating on the stock in a research report on Friday, May 24th. Finally, DA Davidson reaffirmed a neutral rating and issued a $10.00 price objective on shares of Domo in a report on Thursday, March 28th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $10.20.

Domo Stock Down 2.1 %

Shares of DOMO opened at $7.63 on Monday. Domo has a 12-month low of $6.11 and a 12-month high of $18.19. The stock has a market cap of $291.24 million, a P/E ratio of -3.63 and a beta of 2.45. The business’s fifty day moving average is $7.16 and its 200 day moving average is $8.97.

Domo (NASDAQ:DOMO) last posted its earnings results on Thursday, May 23rd. The company reported ($0.71) EPS for the quarter, missing the consensus estimate of ($0.64) by ($0.07). The business had revenue of $80.10 million for the quarter, compared to analysts’ expectations of $79.57 million. On average, analysts expect that Domo will post -2.4 EPS for the current year.

Insider Transactions at Domo

In related news, EVP Daren Thayne sold 7,095 shares of Domo stock in a transaction on 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 sale, the executive vice president now owns 406,663 shares of the company’s stock, valued at $2,785,641.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Domo news, EVP Daren Thayne sold 7,095 shares of Domo stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $6.85, for a total transaction of $48,600.75. Following the completion of the sale, the executive vice president now directly owns 406,663 shares in the company, valued at $2,785,641.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David R. Jolley sold 12,000 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $8.50, for a total transaction of $102,000.00. Following the completion of the transaction, the chief financial officer now directly owns 215,543 shares in the company, valued at approximately $1,832,115.50. The disclosure for this sale can be found here. Insiders own 14.04% of the company’s stock.

Institutional Investors Weigh In On Domo

Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in shares of Domo by 161.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,624 shares of the company’s stock valued at $27,000 after buying an additional 1,622 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Domo during the first quarter worth approximately $43,000. EntryPoint Capital LLC purchased a new position in shares of Domo during the first quarter worth approximately $45,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Domo by 58.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,967 shares of the company’s stock worth $61,000 after acquiring an additional 2,212 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in shares of Domo in the 4th quarter valued at $107,000. Institutional investors own 76.64% of the company’s stock.

About Domo

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.