Shares of Domo Inc (NASDAQ:DOMO) have earned a consensus rating of “Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $39.33.

DOMO has been the subject of a number of research analyst reports. Credit Suisse Group cut their price objective on shares of Diplomat Pharmacy from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, April 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Micron Technology in a research report on Thursday, March 21st. Zacks Investment Research raised shares of GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research report on Monday, May 27th. Finally, Morgan Stanley set a $156.00 price objective on shares of Mongodb and gave the company a “hold” rating in a research report on Friday, June 7th.

Several institutional investors and hedge funds have recently made changes to their positions in DOMO. PNC Financial Services Group Inc. raised its position in shares of Domo by 350.0% during the first quarter. PNC Financial Services Group Inc. now owns 900 shares of the company’s stock valued at $36,000 after buying an additional 700 shares during the last quarter. Crewe Advisors LLC acquired a new position in Domo in the first quarter worth about $94,000. BNP Paribas Arbitrage SA acquired a new position in Domo in the first quarter worth about $141,000. Bank of America Corp DE raised its position in Domo by 420.3% in the fourth quarter. Bank of America Corp DE now owns 8,809 shares of the company’s stock worth $173,000 after purchasing an additional 7,116 shares in the last quarter. Finally, New York State Common Retirement Fund acquired a new position in Domo in the fourth quarter worth about $177,000. 69.59% of the stock is owned by institutional investors and hedge funds.

Domo stock traded up $0.45 on Tuesday, reaching $30.95. 243,811 shares of the stock were exchanged, compared to its average volume of 681,832. The firm has a market cap of $847.13 million and a PE ratio of -3.28. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.66 and a current ratio of 1.66. Domo has a twelve month low of $13.28 and a twelve month high of $47.08. The company’s fifty day moving average is $30.44.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Thursday, June 6th. The company reported ($1.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.45) by $0.37. The business had revenue of $40.80 million during the quarter, compared to analyst estimates of $40.69 million. Domo had a negative net margin of 95.39% and a negative return on equity of 253.84%. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. Equities analysts anticipate that Domo will post -4.82 EPS for the current fiscal year.

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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