Domo (NASDAQ:DOMO) Given Overweight Rating at Cantor Fitzgerald

Domo (NASDAQ:DOMO)‘s stock had its “overweight” rating reaffirmed by stock analysts at Cantor Fitzgerald in a report released on Friday,Benzinga reports. They currently have a $11.00 price objective on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 50.81% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. JMP Securities reissued a “market outperform” rating and issued a $16.00 target price on shares of Domo in a research report on Friday, December 6th. Lake Street Capital raised their target price on shares of Domo from $8.00 to $9.50 and gave the company a “hold” rating in a research report on Friday, December 6th. DA Davidson assumed coverage on shares of Domo in a research report on Friday. They set a “neutral” rating and a $8.00 price target on the stock. Finally, TD Cowen increased their price objective on shares of Domo from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, November 29th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.25.

Domo Stock Up 3.5 %

Domo stock traded up $0.24 during mid-day trading on Friday, hitting $7.29. 279,352 shares of the company’s stock were exchanged, compared to its average volume of 311,208. The company’s 50 day simple moving average is $7.82 and its 200-day simple moving average is $7.88. The firm has a market capitalization of $285.25 million, a P/E ratio of -3.33 and a beta of 2.56. Domo has a fifty-two week low of $6.11 and a fifty-two week high of $11.25.

Domo (NASDAQ:DOMO) last released its quarterly earnings results on Thursday, March 6th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.26). The firm had revenue of $78.77 million for the quarter, compared to the consensus estimate of $77.95 million. Research analysts expect that Domo will post -2.1 EPS for the current year.

Institutional Trading of Domo

A number of institutional investors have recently bought and sold shares of DOMO. Geode Capital Management LLC grew its position in Domo by 0.5% during the third quarter. Geode Capital Management LLC now owns 759,353 shares of the company’s stock worth $5,704,000 after buying an additional 4,091 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Domo during the 3rd quarter worth $97,000. FMR LLC grew its holdings in shares of Domo by 20.6% during the 3rd 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 last quarter. Barclays PLC grew its stake in shares of Domo by 56.8% during the third quarter. Barclays PLC now owns 79,611 shares of the company’s stock worth $598,000 after buying an additional 28,838 shares during the last quarter. Finally, State Street Corp increased its holdings in Domo by 2.6% in the 3rd quarter. State Street Corp now owns 750,371 shares of the company’s stock worth $5,635,000 after purchasing an additional 19,361 shares in the last quarter. Institutional investors own 76.64% of the company’s stock.

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.