Shares of Domo Inc (NASDAQ:DOMO) have received a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $27.00.

A number of analysts have weighed in on DOMO shares. Susquehanna Bancshares started coverage on Domo in a research note on Friday, July 13th. They issued a “positive” rating and a $24.00 price target on the stock. UBS Group started coverage on Domo in a research note on Tuesday, July 24th. They issued a “neutral” rating and a $20.00 price target on the stock. William Blair started coverage on Domo in a research note on Tuesday, July 24th. They issued an “outperform” rating on the stock. JMP Securities started coverage on Domo in a research note on Tuesday, July 24th. They issued an “outperform” rating and a $30.00 price target on the stock. Finally, Cowen started coverage on Domo in a research note on Tuesday, July 24th. They issued an “outperform” rating and a $27.00 price target on the stock.

NASDAQ:DOMO traded down $0.78 during midday trading on Wednesday, reaching $21.20. The company had a trading volume of 15,100 shares, compared to its average volume of 798,424. Domo has a 12-month low of $15.79 and a 12-month high of $28.86.

Domo (NASDAQ:DOMO) last released its earnings results on Thursday, September 6th. The company reported ($3.44) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($3.93) by $0.49. The company had revenue of $34.30 million during the quarter, compared to analysts’ expectations of $32.02 million. The company’s revenue was up 32.4% compared to the same quarter last year. equities research analysts predict that Domo will post -9.55 earnings per share for the current year.

In other news, CFO Bruce C. Jr. Felt bought 3,500 shares of the business’s stock in a transaction dated Tuesday, July 3rd. The shares were acquired at an average price of $21.00 per share, for a total transaction of $73,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joshua G. James bought 101,700 shares of the business’s stock in a transaction dated Tuesday, July 3rd. The shares were purchased at an average price of $21.00 per share, for a total transaction of $2,135,700.00. The disclosure for this purchase can be found here.

Several institutional investors and hedge funds have recently bought and sold shares of the company. TPG Group Holdings SBS Advisors Inc. acquired a new stake in shares of Domo during the second quarter worth about $20,586,000. Bank of New York Mellon Corp acquired a new position in Domo in the 2nd quarter valued at about $389,000. Canyon Capital Advisors LLC acquired a new position in Domo in the 2nd quarter valued at about $2,496,000. Millennium Management LLC acquired a new position in Domo in the 2nd quarter valued at about $7,117,000. Finally, Meritech Capital Associates IV L.L.C. acquired a new position in Domo in the 2nd quarter valued at about $8,807,000. Institutional investors and hedge funds own 53.60% of the company’s stock.

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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Analyst Recommendations for Domo (NASDAQ:DOMO)

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