Equities Analysts Set Expectations for Domo FY2025 Earnings

Domo, Inc. (NASDAQ:DOMO) – Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for Domo in a research note issued on Tuesday, February 25th. Cantor Fitzgerald analyst Y. Lee forecasts that the company will post earnings of ($2.09) per share for the year. Cantor Fitzgerald currently has a “Strong-Buy” rating on the stock. The consensus estimate for Domo’s current full-year earnings is ($2.10) per share.

Other equities research analysts have also issued reports about the stock. TD Cowen lifted their price target 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. Lake Street Capital raised their price objective on Domo from $8.00 to $9.50 and gave the stock a “hold” rating in a report on Friday, December 6th. Finally, JMP Securities reissued a “market outperform” rating and issued a $16.00 target price on shares of Domo in a report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $10.25.

Domo Trading Up 2.8 %

Shares of NASDAQ:DOMO opened at $7.83 on Thursday. The firm has a 50 day simple moving average of $7.76 and a 200-day simple moving average of $7.88. Domo has a twelve month low of $6.11 and a twelve month high of $11.87. The company has a market capitalization of $306.22 million, a PE ratio of -3.58 and a beta of 2.49.

Domo (NASDAQ:DOMO) last announced its quarterly earnings results on Thursday, December 5th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.27). The business had revenue of $79.68 million during the quarter, compared to the consensus estimate of $77.56 million. The firm’s quarterly revenue was down .1% compared to the same quarter last year.

Institutional Investors Weigh In On Domo

Several hedge funds have recently modified their holdings of DOMO. Bank of New York Mellon Corp increased its stake in Domo by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 87,789 shares of the company’s stock valued at $622,000 after buying an additional 1,826 shares during the period. BNP Paribas Financial Markets raised its holdings in Domo by 5.4% during the third quarter. BNP Paribas Financial Markets now owns 40,991 shares of the company’s stock worth $308,000 after purchasing an additional 2,091 shares in the last quarter. SG Americas Securities LLC raised its holdings in Domo by 19.1% during the fourth quarter. SG Americas Securities LLC now owns 13,987 shares of the company’s stock worth $99,000 after purchasing an additional 2,247 shares in the last quarter. Barclays PLC lifted its position in Domo by 3.7% in the fourth quarter. Barclays PLC now owns 82,573 shares of the company’s stock valued at $584,000 after purchasing an additional 2,962 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Domo by 29.2% in the fourth quarter. Wells Fargo & Company MN now owns 17,696 shares of the company’s stock valued at $125,000 after buying an additional 4,000 shares in the last quarter. 76.64% of the stock is owned by institutional investors and hedge funds.

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.