MetLife Investment Advisors LLC Makes New $300,000 Investment in Domo Inc (NASDAQ:DOMO)

MetLife Investment Advisors LLC acquired a new position in Domo Inc (NASDAQ:DOMO) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,443 shares of the company’s stock, valued at approximately $300,000.

A number of other hedge funds have also modified their holdings of the stock. BlackRock Inc. grew its holdings in Domo by 1.8% in the 4th quarter. BlackRock Inc. now owns 4,314,930 shares of the company’s stock worth $84,703,000 after buying an additional 75,524 shares in the last quarter. Sylebra HK Co Ltd boosted its stake in Domo by 78.0% during the 4th quarter. Sylebra HK Co Ltd now owns 2,388,392 shares of the company’s stock valued at $46,884,000 after purchasing an additional 1,046,474 shares in the last quarter. Federated Investors Inc. PA boosted its stake in Domo by 25.1% during the 1st quarter. Federated Investors Inc. PA now owns 500,239 shares of the company’s stock valued at $20,175,000 after purchasing an additional 100,239 shares in the last quarter. Vanguard Group Inc. boosted its stake in Domo by 162.5% during the 3rd quarter. Vanguard Group Inc. now owns 326,441 shares of the company’s stock valued at $7,002,000 after purchasing an additional 202,091 shares in the last quarter. Finally, FMR LLC bought a new position in Domo during the 4th quarter valued at $4,749,000. 69.59% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on DOMO. Zacks Investment Research raised GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research note on Monday, May 27th. Morgan Stanley set a $156.00 price objective on Mongodb and gave the company a “hold” rating in a research report on Friday, June 7th. Needham & Company LLC reiterated a “hold” rating on shares of Micron Technology in a research report on Thursday, March 21st. Finally, Credit Suisse Group reduced their target price on Diplomat Pharmacy from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $40.43.

Shares of NASDAQ DOMO traded down $0.45 during mid-day trading on Thursday, reaching $27.06. The company had a trading volume of 459,542 shares, compared to its average volume of 782,163. Domo Inc has a twelve month low of $13.28 and a twelve month high of $47.08. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market capitalization of $752.95 million and a PE ratio of -2.87. The stock has a 50 day simple moving average of $29.87.

Domo (NASDAQ:DOMO) last posted its quarterly earnings results on Thursday, June 6th. The company reported ($1.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.45) by $0.37. The business had revenue of $40.80 million for the quarter, compared to the consensus estimate of $40.69 million. Domo had a negative net margin of 95.39% and a negative return on equity of 253.84%. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. Sell-side analysts forecast that Domo Inc will post -4.82 EPS for the current fiscal year.

About Domo

Domo, Inc operates a cloud-based platform in the United States. Its platform digitally connects chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.

Further Reading: Neutral Rating

Institutional Ownership by Quarter for Domo (NASDAQ:DOMO)

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