Zacks Investment Research downgraded shares of Domo (NASDAQ:DOMO) from a strong-buy rating to a hold rating in a research report sent to investors 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. “

DOMO has been the subject of several other research reports. JMP Securities decreased their target price on Domo from $47.00 to $37.00 and set a market outperform rating for the company in a research report on Friday, September 6th. Needham & Company LLC reissued a buy rating and issued a $34.00 target price (down previously from $50.00) on shares of Domo in a research report on Friday, September 6th. Morgan Stanley set a $24.00 target price on Domo and gave the stock a buy rating in a research report on Monday, September 9th. Credit Suisse Group lowered Domo from an outperform rating to a neutral rating and decreased their target price for the stock from $45.00 to $20.00 in a research report on Friday, September 6th. Finally, UBS Group decreased their target price on Domo from $28.00 to $18.00 and set a neutral rating for the company in a research report on Monday, September 9th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $25.71.

Domo stock traded up $0.18 during midday trading on Wednesday, hitting $16.57. 202,500 shares of the company’s stock were exchanged, compared to its average volume of 767,611. The stock has a 50-day moving average price of $16.31 and a two-hundred day moving average price of $25.94. The company has a market cap of $451.07 million, a P/E ratio of -1.76 and a beta of 0.75. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.46 and a current ratio of 1.46. Domo has a 52-week low of $13.28 and a 52-week high of $47.08.

Domo (NASDAQ:DOMO) last announced its earnings results on Thursday, September 5th. The company reported ($0.96) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.23) by $0.27. Domo had a negative return on equity of 403.37% and a negative net margin of 81.35%. The firm had revenue of $41.70 million during the quarter, compared to analyst estimates of $41.68 million. During the same quarter in the prior year, the company earned ($3.44) EPS. The business’s revenue was up 21.6% compared to the same quarter last year. As a group, sell-side analysts expect that Domo will post -4.7 earnings per share for the current year.

In related news, CEO Joshua G. James acquired 60,000 shares of Domo stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average price of $17.00 per share, with a total value of $1,020,000.00. 21.97% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of DOMO. FinTrust Capital Advisors LLC bought a new position in Domo during the 3rd quarter valued at approximately $32,000. Edge Wealth Management LLC bought a new position in Domo during the 2nd quarter valued at approximately $33,000. Tower Research Capital LLC TRC bought a new position in Domo during the 2nd quarter valued at approximately $35,000. Bank of Montreal Can increased its position in Domo by 412.9% during the 2nd quarter. Bank of Montreal Can now owns 1,831 shares of the company’s stock valued at $51,000 after buying an additional 1,474 shares in the last quarter. Finally, Point72 Hong Kong Ltd increased its position in Domo by 100.3% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,879 shares of the company’s stock valued at $79,000 after buying an additional 1,442 shares in the last quarter. 64.08% of the stock is owned by institutional investors.

About Domo

Domo, Inc operates a cloud-based platform in the United States. Its platform digitally connects 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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