Domo (NASDAQ:DOMO) Updates FY 2025 Earnings Guidance

Domo (NASDAQ:DOMO) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of -0.770–0.690 for the period, compared to the consensus estimate of -0.890. The company issued revenue guidance of $313.0 million-$315.0 million, compared to the consensus revenue estimate of $312.0 million. Domo also updated its FY25 guidance to $(0.77)-$(0.69) EPS.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. TD Cowen lifted their price target on Domo from $8.00 to $9.00 and gave the stock a hold rating in a research note on Friday. JMP Securities reiterated a market outperform rating and issued a $16.00 target price on shares of Domo in a research report on Friday. DA Davidson increased their target price on Domo from $7.00 to $8.00 and gave the company a neutral rating in a report on Friday. Lake Street Capital cut Domo from a buy rating to a hold rating and decreased their price target for the stock from $15.00 to $8.00 in a research note on Friday, May 24th. Finally, Morgan Stanley reduced their price target on Domo from $13.00 to $7.00 and set an equal weight rating on the stock in a report on Friday, May 24th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $9.60.

Domo Stock Down 3.2 %

Shares of DOMO opened at $7.47 on Friday. The business has a fifty day moving average of $7.80 and a 200 day moving average of $8.23. Domo has a one year low of $6.11 and a one year high of $12.23.

Domo (NASDAQ:DOMO) last released its quarterly earnings results on Thursday, August 29th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.21. The business had revenue of $78.41 million during the quarter, compared to the consensus estimate of $76.60 million. The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.44) earnings per share. On average, research analysts predict that Domo will post -2.4 EPS for the current year.

Insider Activity at Domo

In related news, Director Daniel David Daniel III bought 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was bought at an average cost of $6.69 per share, with a total value of $1,003,500.00. Following the completion of the purchase, the director now owns 411,400 shares of the company’s stock, valued at approximately $2,752,266. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Daniel David Daniel III purchased 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was bought at an average cost of $6.69 per share, with a total value of $1,003,500.00. Following the completion of the purchase, the director now owns 411,400 shares in the company, valued at $2,752,266. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daren Thayne sold 7,095 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $6.85, for a total transaction of $48,600.75. Following the completion of the transaction, the executive vice president now directly owns 406,663 shares of the company’s stock, valued at $2,785,641.55. The disclosure for this sale can be found here. 14.04% of the stock is owned by corporate insiders.

Domo Company Profile

Domo, Inc, together with its subsidiaries, 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 via various browsers and visualization engines accessible across laptops, TV screens, monitors, tablets, and smartphones.