Domo (NASDAQ:DOMO) Sets New 1-Year Low at $18.12

Shares of Domo, Inc. (NASDAQ:DOMOGet Rating) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $18.12 and last traded at $18.48, with a volume of 3603 shares traded. The stock had previously closed at $18.47.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DOMO shares. JMP Securities lowered their price target on Domo from $59.00 to $43.00 and set a “market outperform” rating for the company in a report on Friday, August 26th. Cowen lowered their target price on shares of Domo from $50.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, August 26th. Cowen reduced their price target on shares of Domo from $50.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, August 26th. Finally, Morgan Stanley lowered their price objective on shares of Domo from $68.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, August 26th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $57.00.

Domo Stock Performance

The company has a market capitalization of $587.66 million, a price-to-earnings ratio of -4.59 and a beta of 2.55. The firm has a 50-day simple moving average of $26.32 and a two-hundred day simple moving average of $33.94.

Domo (NASDAQ:DOMOGet Rating) last announced its quarterly earnings data on Thursday, August 25th. The company reported ($0.86) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.07) by $0.21. The business had revenue of $75.50 million during the quarter, compared to analyst estimates of $76.40 million. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.70) EPS. As a group, equities analysts forecast that Domo, Inc. will post -3.42 EPS for the current fiscal year.

Institutional Trading of Domo

A number of large investors have recently modified their holdings of DOMO. Washington Harbour Partners LP increased its holdings in Domo by 670.4% during the 1st quarter. Washington Harbour Partners LP now owns 578,583 shares of the company’s stock worth $29,259,000 after purchasing an additional 503,483 shares during the period. Archon Capital Management LLC increased its stake in shares of Domo by 369.7% during the first quarter. Archon Capital Management LLC now owns 415,469 shares of the company’s stock worth $21,010,000 after buying an additional 327,007 shares during the period. Invesco Ltd. raised its holdings in Domo by 2,362.1% in the first quarter. Invesco Ltd. now owns 295,797 shares of the company’s stock valued at $14,958,000 after acquiring an additional 283,783 shares in the last quarter. First Trust Advisors LP lifted its stake in Domo by 24.2% in the first quarter. First Trust Advisors LP now owns 1,419,328 shares of the company’s stock worth $71,775,000 after acquiring an additional 276,217 shares during the last quarter. Finally, Portolan Capital Management LLC grew its holdings in Domo by 58.6% during the 1st quarter. Portolan Capital Management LLC now owns 743,725 shares of the company’s stock worth $37,610,000 after acquiring an additional 274,904 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Domo Company Profile

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Domo, Inc operates a cloud-based business intelligence platform in the United States, Japan, and internationally. Its platform digitally connects from the 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.

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