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

Domo (NASDAQ:DOMO)‘s stock had its “market outperform” rating restated by equities research analysts at JMP Securities in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $16.00 price target on the stock. JMP Securities’ target price suggests a potential upside of 105.39% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. Morgan Stanley decreased their target price on shares of Domo from $13.00 to $7.00 and set an “equal weight” rating for the company in a research report on Friday, May 24th. TD Cowen cut their price target on Domo from $11.50 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, May 21st. DA Davidson restated a “neutral” rating and set a $10.00 price target on shares of Domo in a report on Thursday, March 28th. Finally, Lake Street Capital cut Domo from a “buy” rating to a “hold” rating and cut their price target for the stock from $15.00 to $8.00 in a report on Friday, May 24th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.20.

Domo Stock Performance

NASDAQ:DOMO opened at $7.79 on Monday. The company has a market capitalization of $297.34 million, a PE ratio of -3.71 and a beta of 2.45. The company has a 50 day simple moving average of $7.16 and a two-hundred day simple moving average of $8.98. Domo has a fifty-two week low of $6.11 and a fifty-two week high of $18.19.

Domo (NASDAQ:DOMO) last released its earnings results on Thursday, May 23rd. The company reported ($0.71) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.07). The business had revenue of $80.10 million for the quarter, compared to analyst estimates of $79.57 million. Research analysts predict that Domo will post -2.4 EPS for the current year.

Insider Buying and Selling

In other news, Director Daniel David Daniel III bought 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were bought at an average cost of $6.69 per share, for a total transaction of $1,003,500.00. Following the acquisition, the director now directly owns 411,400 shares in the company, valued at $2,752,266. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Daniel David Daniel III bought 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were bought at an average cost of $6.69 per share, for a total transaction of $1,003,500.00. Following the acquisition, the director now directly owns 411,400 shares in the company, valued at $2,752,266. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David R. Jolley sold 12,000 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $8.50, for a total value of $102,000.00. Following the completion of the sale, the chief financial officer now directly owns 215,543 shares of the company’s stock, valued at $1,832,115.50. The disclosure for this sale can be found here. Insiders have sold a total of 41,595 shares of company stock worth $354,001 in the last ninety days. Corporate insiders own 14.04% of the company’s stock.

Institutional Investors Weigh In On Domo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its position in Domo by 161.9% in 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 during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Domo in the 1st quarter valued at $43,000. EntryPoint Capital LLC purchased a new stake in shares of Domo during the 1st quarter valued at $45,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Domo by 58.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,967 shares of the company’s stock valued at $61,000 after purchasing an additional 2,212 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in shares of Domo during the 4th quarter valued at $107,000. 76.64% of the stock is owned by hedge funds and other institutional investors.

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.