Domo (NASDAQ:DOMO) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Domo (NASDAQ:DOMOGet Rating) from a sell rating to a hold rating in a research note released on Wednesday, Zacks.com reports.

According to Zacks, “Domo, Inc. designs and develops enterprise software. The Company offers a cloud-based executive management platform which gives users direct and real-time access to business information for industries including media and marketing, telecommunication, retail, travel and leisure, technology and financial services. Domo, Inc. is based in United States. “

Other equities analysts have also recently issued research reports about the company. Morgan Stanley dropped their target price on Domo from $98.00 to $90.00 and set an overweight rating on the stock in a research report on Wednesday, March 2nd. JMP Securities lowered their price target on Domo from $106.00 to $88.00 and set a market outperform rating on the stock in a report on Wednesday, March 2nd. Finally, Cowen lowered their price target on Domo from $100.00 to $85.00 in a report on Monday, February 28th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Buy and an average price target of $93.25.

NASDAQ DOMO opened at $41.86 on Wednesday. The business’s 50 day moving average is $46.62 and its two-hundred day moving average is $57.59. Domo has a 12-month low of $36.07 and a 12-month high of $98.35. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -13.21 and a beta of 2.69.

Domo (NASDAQ:DOMOGet Rating) last released its earnings results on Tuesday, March 1st. The company reported ($0.41) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.88) by $0.47. The business had revenue of $70.00 million for the quarter, compared to analyst estimates of $67.10 million. During the same quarter in the previous year, the firm posted ($0.65) EPS. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. As a group, research analysts predict that Domo will post -3.16 earnings per share for the current year.

In other Domo news, Director Joy Driscoll Durling sold 1,940 shares of the stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $51.68, for a total transaction of $100,259.20. Following the transaction, the director now owns 19,609 shares of the company’s stock, valued at approximately $1,013,393.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Catherine Wong sold 36,000 shares of the stock in a transaction on Monday, April 4th. The stock was sold at an average price of $55.24, for a total value of $1,988,640.00. Following the transaction, the chief operating officer now directly owns 160,638 shares in the company, valued at approximately $8,873,643.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,053 shares of company stock worth $5,441,410. 14.35% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of DOMO. Captrust Financial Advisors lifted its stake in shares of Domo by 222.5% during the 3rd quarter. Captrust Financial Advisors now owns 545 shares of the company’s stock worth $46,000 after purchasing an additional 376 shares during the period. Penserra Capital Management LLC lifted its stake in shares of Domo by 44.7% during the 4th quarter. Penserra Capital Management LLC now owns 1,684 shares of the company’s stock worth $83,000 after purchasing an additional 520 shares during the period. UMB Bank N A MO acquired a new stake in shares of Domo during the 4th quarter worth $123,000. Point72 Hong Kong Ltd increased its holdings in shares of Domo by 130.4% during the 4th quarter. Point72 Hong Kong Ltd now owns 2,606 shares of the company’s stock worth $129,000 after buying an additional 1,475 shares during the last quarter. Finally, Advisor Group Holdings Inc. increased its holdings in shares of Domo by 51.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,790 shares of the company’s stock worth $138,000 after buying an additional 943 shares during the last quarter. 72.89% of the stock is currently owned by institutional investors.

About Domo (Get Rating)

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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