Domo (NASDAQ:DOMO) Upgraded at DA Davidson

Domo (NASDAQ:DOMO) was upgraded by equities research analysts at DA Davidson to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other equities analysts also recently issued reports on DOMO. Cowen reiterated a “hold” rating on shares of Domo in a research note on Friday. Cantor Fitzgerald reiterated an “overweight” rating and set a $11.00 price objective on shares of Domo in a research note on Friday. Lake Street Capital lowered their target price on shares of Domo from $9.50 to $8.50 and set a “hold” rating for the company in a research note on Friday. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 price target on shares of Domo in a research report on Friday, December 6th. Finally, TD Cowen increased 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. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.08.

Domo Stock Down 2.1 %

Shares of NASDAQ:DOMO opened at $8.01 on Monday. The business’s 50 day moving average is $7.83 and its 200 day moving average is $7.87. The stock has a market cap of $313.26 million, a P/E ratio of -3.66 and a beta of 2.56. Domo has a 52-week low of $6.11 and a 52-week high of $10.31.

Domo (NASDAQ:DOMO) last posted its quarterly earnings results on Thursday, March 6th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.26). The firm had revenue of $78.77 million during the quarter, compared to analyst estimates of $77.95 million. On average, sell-side analysts anticipate that Domo will post -2.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Domo

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Domo by 0.5% in the third quarter. Geode Capital Management LLC now owns 759,353 shares of the company’s stock valued at $5,704,000 after purchasing an additional 4,091 shares during the period. XTX Topco Ltd purchased a new stake in shares of Domo in the 3rd quarter valued at $97,000. 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 valued at $2,264,000 after purchasing an additional 51,494 shares during the period. Barclays PLC boosted its holdings in Domo by 56.8% in the third quarter. Barclays PLC now owns 79,611 shares of the company’s stock valued at $598,000 after purchasing an additional 28,838 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Domo by 2.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 524,105 shares of the company’s stock valued at $3,936,000 after buying an additional 12,494 shares during the last quarter. 76.64% of the stock is owned by institutional investors and hedge funds.

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.