Domo (NASDAQ:DOMO) Coverage Initiated by Analysts at Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Domo (NASDAQ:DOMO) in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. The brokerage set an “overweight” rating and a $11.00 price target on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 31.26% from the company’s current price.

Other research analysts also recently issued reports about the stock. TD Cowen increased their target price on shares of Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 29th. Lake Street Capital increased 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. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price objective on shares of Domo in a report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.25.

Domo Stock Performance

Shares of DOMO stock opened at $8.38 on Tuesday. Domo has a 52-week low of $6.11 and a 52-week high of $12.05. The company has a 50-day simple moving average of $7.68 and a two-hundred day simple moving average of $7.83. The company has a market capitalization of $327.74 million, a price-to-earnings ratio of -3.83 and a beta of 2.49.

Domo (NASDAQ:DOMO) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $77.56 million. The firm’s quarterly revenue was down .1% compared to the same quarter last year. On average, sell-side analysts forecast that Domo will post -2.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. R Squared Ltd purchased a new stake in Domo in the 4th quarter worth approximately $56,000. SG Americas Securities LLC purchased a new position in shares of Domo during the 3rd quarter valued at $88,000. XTX Topco Ltd purchased a new position in shares of Domo during the 3rd quarter valued at $97,000. Quest Partners LLC grew its position in shares of Domo by 291.9% during the 3rd quarter. Quest Partners LLC now owns 13,700 shares of the company’s stock valued at $103,000 after purchasing an additional 10,204 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Domo during the 4th quarter valued at $103,000. 76.64% of the stock is 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.