Domo (NASDAQ:DOMO) has been assigned a $24.00 target price by stock analysts at Morgan Stanley in a research report issued on Monday, TipRanks reports. The firm presently has a “buy” rating on the stock. Morgan Stanley’s target price points to a potential upside of 40.60% from the stock’s current price.

DOMO has been the topic of a number of other reports. Zacks Investment Research upgraded Domo from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Wednesday. UBS Group cut their price objective on Domo from $28.00 to $18.00 and set a “neutral” rating for the company in a report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price objective (down previously from $50.00) on shares of Domo in a research report on Friday, September 6th. Credit Suisse Group downgraded Domo from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $45.00 to $20.00 in a report on Friday, September 6th. Finally, JMP Securities dropped their target price on Domo from $47.00 to $37.00 and set a “market outperform” rating on the stock in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.71.

Domo stock traded down $0.05 during midday trading on Monday, reaching $17.07. 2,013,446 shares of the company traded hands, compared to its average volume of 815,920. Domo has a 12 month low of $13.28 and a 12 month high of $47.08. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.66 and a quick ratio of 1.66. The business has a 50 day moving average of $24.96 and a two-hundred day moving average of $32.02. The firm has a market capitalization of $436.57 million, a price-to-earnings ratio of -1.81 and a beta of 0.86.

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

In other Domo news, CEO Joshua G. James purchased 60,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were acquired at an average cost of $17.00 per share, for a total transaction of $1,020,000.00. 21.97% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of DOMO. First Trust Advisors LP bought a new stake in shares of Domo during the 2nd quarter valued at $29,791,000. Intrinsic Edge Capital Management LLC purchased a new position in shares of Domo in the second quarter worth $5,497,000. Vanguard Group Inc. raised its holdings in shares of Domo by 22.1% in the second quarter. Vanguard Group Inc. now owns 941,545 shares of the company’s stock worth $25,722,000 after buying an additional 170,519 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Domo during the second quarter worth $4,592,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Domo during the second quarter worth $3,393,000. Institutional investors and hedge funds own 64.17% 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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