Domo (NASDAQ:DOMO) had its price objective cut by UBS Group from $28.00 to $18.00 in a research note issued to investors on Monday, BenzingaRatingsTable reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also weighed in on DOMO. Morgan Stanley set a $47.00 target price on Domo and gave the stock a buy rating in a research report on Friday, June 7th. 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. Zacks Investment Research lowered Domo from a buy rating to a hold rating in a research report on Monday, May 27th. 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. Finally, Cowen decreased their target price on Domo from $52.00 to $28.00 and set a buy rating for the company in a research report on Friday, September 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Domo presently has an average rating of Buy and an average target price of $25.71.

Shares of NASDAQ:DOMO opened at $17.04 on Monday. Domo has a fifty-two week low of $13.28 and a fifty-two week high of $47.08. The business has a 50-day simple moving average of $24.73 and a two-hundred day simple moving average of $31.94. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $436.57 million, a price-to-earnings ratio of -1.81 and a beta of 0.86.

Domo (NASDAQ:DOMO) last issued its earnings results on Thursday, September 5th. The company reported ($0.96) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.23) by $0.27. Domo had a negative return on equity of 291.36% and a negative net margin of 81.35%. The business had revenue of $41.70 million during the quarter, compared to analyst estimates of $41.68 million. During the same quarter in the previous year, the firm earned ($3.44) EPS. Domo’s revenue was up 21.6% on a year-over-year basis. As a group, research analysts predict that Domo will post -4.82 earnings per share for the current year.

In other news, CEO Joshua G. James purchased 60,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was acquired at an average cost of $17.00 per share, for a total transaction of $1,020,000.00. Insiders own 21.97% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in DOMO. Edge Wealth Management LLC bought a new stake in shares of Domo during the 2nd quarter valued at about $33,000. Tower Research Capital LLC TRC bought a new stake in shares of Domo during the 2nd quarter valued at about $35,000. Bank of Montreal Can grew its stake in shares of 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 purchasing an additional 1,474 shares during the period. Point72 Hong Kong Ltd grew its stake in shares of 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 purchasing an additional 1,442 shares during the period. Finally, Crewe Advisors LLC bought a new stake in shares of Domo during the 1st quarter valued at about $94,000. Institutional investors and hedge funds own 64.17% of the company’s stock.

Domo Company 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.

Further Reading: What does a hold rating mean?

Analyst Recommendations for Domo (NASDAQ:DOMO)

Receive News & Ratings for Domo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domo and related companies with MarketBeat.com's FREE daily email newsletter.