Domo Target of Unusually Large Options Trading (NASDAQ:DOMO)

Domo, Inc. (NASDAQ:DOMO) was the target of some unusual options trading on Tuesday. Stock investors purchased 6,202 put options on the stock. This represents an increase of 311% compared to the typical volume of 1,510 put options.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DOMO shares. Wall Street Zen cut shares of Domo from a “buy” rating to a “hold” rating in a research report on Sunday, December 21st. Cowen reissued a “buy” rating on shares of Domo in a research report on Tuesday, December 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $22.00 price target on shares of Domo in a research report on Wednesday, December 24th. TD Cowen cut their price objective on shares of Domo from $21.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, December 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Domo in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.43.

Hedge Funds Weigh In On Domo

A number of large investors have recently made changes to their positions in DOMO. Nisa Investment Advisors LLC grew its holdings in Domo by 53.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,838 shares of the company’s stock valued at $26,000 after buying an additional 642 shares in the last quarter. Franklin Resources Inc. increased its position in Domo by 3.7% during the second quarter. Franklin Resources Inc. now owns 23,759 shares of the company’s stock worth $332,000 after acquiring an additional 854 shares during the period. State of Alaska Department of Revenue acquired a new stake in Domo in the 3rd quarter worth about $25,000. Brevan Howard Capital Management LP boosted its holdings in Domo by 3.9% in the 3rd quarter. Brevan Howard Capital Management LP now owns 50,740 shares of the company’s stock valued at $804,000 after purchasing an additional 1,924 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Domo by 26.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,181 shares of the company’s stock worth $142,000 after purchasing an additional 2,109 shares in the last quarter. Institutional investors own 76.64% of the company’s stock.

Domo Stock Performance

NASDAQ:DOMO traded down $0.70 during mid-day trading on Tuesday, hitting $7.25. The stock had a trading volume of 955,156 shares, compared to its average volume of 812,924. Domo has a twelve month low of $6.01 and a twelve month high of $18.49. The stock has a market cap of $302.84 million, a price-to-earnings ratio of -4.24 and a beta of 1.64. The company’s 50 day simple moving average is $10.14 and its 200 day simple moving average is $13.29.

Domo (NASDAQ:DOMO) last announced its quarterly 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 business had revenue of $79.40 million for the quarter, compared to analyst estimates of $79.03 million. The firm’s revenue for the quarter 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. As a group, equities analysts forecast that Domo will post -2.1 earnings per share for the current year.

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.