Domo (NASDAQ:DOMO) Earns Overweight Rating from Cantor Fitzgerald

Domo (NASDAQ:DOMO)‘s stock had its “overweight” rating reiterated by investment analysts at Cantor Fitzgerald in a note issued to investors on Friday,Benzinga reports. They currently have a $11.00 price objective on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 34.47% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Lake Street Capital increased their price objective on Domo from $8.00 to $9.50 and gave the company a “hold” rating in a research report on Friday, December 6th. TD Cowen raised their price target on Domo from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, November 29th. JMP Securities restated a “market outperform” rating and set a $16.00 price target on shares of Domo in a research report on Friday, December 6th. Finally, DA Davidson assumed coverage on Domo in a research report on Friday. They set a “neutral” rating and a $8.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.08.

Domo Trading Up 16.0 %

Shares of Domo stock opened at $8.18 on Friday. The firm has a market capitalization of $319.90 million, a PE ratio of -3.74 and a beta of 2.56. The business’s 50-day moving average price is $7.83 and its 200-day moving average price is $7.87. Domo has a 12 month low of $6.11 and a 12 month high of $11.25.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Thursday, March 6th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The firm had revenue of $78.77 million during the quarter, compared to analysts’ expectations of $77.95 million. As a group, analysts predict that Domo will post -2.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Domo

A number of large investors have recently made changes to their positions in DOMO. RPD Fund Management LLC bought a new stake in shares of Domo in the 4th quarter worth approximately $15,449,000. Ameriprise Financial Inc. grew its position in shares of Domo by 9.4% in the 4th quarter. Ameriprise Financial Inc. now owns 3,287,833 shares of the company’s stock worth $23,278,000 after buying an additional 282,943 shares during the last quarter. Parallax Volatility Advisers L.P. grew its position in shares of Domo by 113.9% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 29,990 shares of the company’s stock worth $225,000 after buying an additional 246,016 shares during the last quarter. CenterBook Partners LP bought a new stake in shares of Domo in the 4th quarter worth approximately $1,586,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Domo in the 4th quarter worth approximately $980,000. 76.64% of the stock is currently owned by 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.