Domo, Inc. (NASDAQ:DOMO – Get Free Report) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 1,230,000 shares, a drop of 10.9% from the December 15th total of 1,380,000 shares. Based on an average daily volume of 410,400 shares, the short-interest ratio is presently 3.0 days.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. DA Davidson started coverage on shares of Domo in a research report on Thursday, September 21st. They issued a “neutral” rating and a $10.00 price objective for the company. Morgan Stanley lowered their price target on Domo from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.60.
Domo Trading Down 2.5 %
Domo (NASDAQ:DOMO – Get Free Report) last announced its earnings results on Thursday, November 30th. The company reported ($0.45) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.06. The firm had revenue of $79.68 million for the quarter, compared to the consensus estimate of $79.00 million. On average, equities analysts forecast that Domo will post -1.97 earnings per share for the current fiscal year.
In other news, EVP Daren Thayne sold 6,690 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $9.88, for a total transaction of $66,097.20. Following the completion of the transaction, the executive vice president now directly owns 384,325 shares in the company, valued at approximately $3,797,131. The transaction was disclosed in a document filed with the SEC, which is available at this link. 12.77% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Domo
A number of hedge funds and other institutional investors have recently modified their holdings of DOMO. Lazard Asset Management LLC grew its holdings in shares of Domo by 90.1% during the 1st quarter. Lazard Asset Management LLC now owns 1,561 shares of the company’s stock worth $78,000 after purchasing an additional 740 shares in the last quarter. Cim Investment Management Inc. grew its position in Domo by 3.6% in the first quarter. Cim Investment Management Inc. now owns 21,453 shares of the company’s stock valued at $304,000 after acquiring an additional 743 shares during the last quarter. Boothbay Fund Management LLC raised its stake in Domo by 6.7% during the fourth quarter. Boothbay Fund Management LLC now owns 12,436 shares of the company’s stock worth $177,000 after acquiring an additional 786 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Domo by 15.5% in the third quarter. Royal Bank of Canada now owns 5,975 shares of the company’s stock worth $107,000 after acquiring an additional 802 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its holdings in shares of Domo by 29.9% in the first quarter. Advisor Group Holdings Inc. now owns 3,625 shares of the company’s stock worth $203,000 after acquiring an additional 835 shares during the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.
Domo, Inc operates a cloud-based business intelligence platform in North America, Western Europe, Canada, Australia, and Japan. Its platform digitally connects from the chief executive officer to the frontline employee with the various people, data, and systems in an organization, as well as giving them access to real-time data and insights, and allowing them to manage business from smartphones.
- Five stocks we like better than Domo
- What is ChatGPT Stock? How to Invest in It
- Qualcomm stock poised for breakout
- Do ETFs Pay Dividends? What You Need to Know
- Is the bottom in for bellwether Alcoa?
- How to Evaluate a Stock Before Buying
- 3 construction stocks you need to know about
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.