Jacobs Levy Equity Management Inc. boosted its stake in shares of Domo Inc (NASDAQ:DOMO) by 195.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,921 shares of the company’s stock after acquiring an additional 46,221 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.25% of Domo worth $1,519,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Sylebra Capital Ltd lifted its position in Domo by 5.6% during the 3rd quarter. Sylebra Capital Ltd now owns 2,707,292 shares of the company’s stock worth $43,263,000 after acquiring an additional 144,603 shares during the period. ArrowMark Colorado Holdings LLC raised its stake in shares of Domo by 55.2% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,312,142 shares of the company’s stock worth $28,500,000 after buying an additional 466,542 shares in the last quarter. Archon Capital Management LLC raised its stake in shares of Domo by 133.3% during the 4th quarter. Archon Capital Management LLC now owns 909,649 shares of the company’s stock worth $19,758,000 after buying an additional 519,725 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Domo by 15.4% during the 4th quarter. Victory Capital Management Inc. now owns 528,443 shares of the company’s stock worth $12,799,000 after buying an additional 70,421 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Domo by 3.4% during the 4th quarter. State Street Corp now owns 352,993 shares of the company’s stock worth $7,667,000 after buying an additional 11,565 shares in the last quarter. 62.64% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on DOMO. BidaskClub downgraded Domo from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Cowen cut their target price on Domo from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, March 19th. JMP Securities cut their target price on Domo from to in a research note on Thursday, March 19th. Morgan Stanley cut their target price on Domo from $26.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Zacks Investment Research downgraded Domo from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Domo presently has an average rating of “Buy” and an average target price of $21.14.

NASDAQ DOMO opened at $9.76 on Thursday. Domo Inc has a 1-year low of $7.62 and a 1-year high of $47.08. The company has a market capitalization of $261.65 million, a P/E ratio of -2.14 and a beta of 1.02. The business has a 50 day moving average price of $19.06 and a 200 day moving average price of $19.44.

Domo (NASDAQ:DOMO) last released its quarterly earnings data on Thursday, March 12th. The company reported ($0.85) earnings per share for the quarter, beating the consensus estimate of ($0.96) by $0.11. Domo had a negative return on equity of 1,396.92% and a negative net margin of 72.47%. The firm had revenue of $46.20 million during the quarter, compared to the consensus estimate of $45.72 million. During the same period last year, the business posted ($0.94) EPS. Domo’s quarterly revenue was up 17.3% on a year-over-year basis. Equities research analysts anticipate that Domo Inc will post -3.94 earnings per share for the current year.

Domo Profile

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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Institutional Ownership by Quarter for Domo (NASDAQ:DOMO)

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