Domo’s (DOMO) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of Domo (NASDAQ:DOMO) in a report released on Wednesday, Marketbeat.com reports. Cantor Fitzgerald currently has a $22.00 price target on the stock.

DOMO has been the subject of a number of other research reports. TD Cowen cut their target price on shares of Domo from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, December 5th. DA Davidson set a $10.00 price target on Domo in a research note on Friday, December 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Domo in a research report on Wednesday, October 8th. JMP Securities reissued a “market outperform” rating and issued a $20.00 target price on shares of Domo in a report on Wednesday, September 10th. Finally, Lake Street Capital dropped their target price on Domo from $16.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.43.

Domo Stock Performance

NASDAQ DOMO opened at $8.94 on Wednesday. Domo has a one year low of $6.01 and a one year high of $18.49. The stock has a 50-day moving average of $11.30 and a 200 day moving average of $13.65. The company has a market capitalization of $373.69 million, a price-to-earnings ratio of -5.23 and a beta of 1.76.

Domo (NASDAQ:DOMO) last posted its earnings results on Thursday, December 4th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.06. The company had revenue of $79.40 million for the quarter, compared to the consensus estimate of $79.03 million. The business’s quarterly revenue was down .5% on a year-over-year basis. Domo has set its FY 2026 guidance at -0.110–0.070 EPS and its Q4 2026 guidance at -0.050–0.010 EPS. On average, equities analysts predict that Domo will post -2.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Daniel David Daniel III sold 273,900 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $15.26, for a total value of $4,179,714.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 15.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in Domo during the 3rd quarter worth approximately $25,000. Nisa Investment Advisors LLC increased its stake in shares of Domo by 53.7% in the second quarter. Nisa Investment Advisors LLC now owns 1,838 shares of the company’s stock worth $26,000 after purchasing an additional 642 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Domo in the second quarter worth $42,000. FNY Investment Advisers LLC bought a new stake in shares of Domo during the 2nd quarter valued at $49,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Domo during the 3rd quarter valued at $70,000. 76.64% of the stock is currently owned by institutional investors.

Domo Company Profile

Domo, Inc (NASDAQ: DOMO) is a cloud-based software company that specializes in business intelligence and data analytics. The company’s flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise.

Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific.