Credit Suisse Group lowered shares of Domo (NASDAQ:DOMO) from an outperform rating to a neutral rating in a research note published on Friday morning, BenzingaRatingsTable reports. They currently have $20.00 target price on the stock, down from their previous target price of $45.00.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Domo from a buy rating to a hold rating in a report on Monday, May 27th. JMP Securities cut their price objective on Domo from $47.00 to $37.00 and set a market outperform rating on the stock in a research report on Friday. Finally, Morgan Stanley set a $47.00 target price on Domo and gave the company a buy rating in a research note on Friday, June 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Domo currently has an average rating of Buy and a consensus target price of $33.00.

Shares of NASDAQ:DOMO opened at $15.95 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 4.56. The company has a 50-day moving average price of $25.18 and a 200-day moving average price of $32.10. Domo has a 12 month low of $13.28 and a 12 month high of $47.08.

Domo (NASDAQ:DOMO) last posted its earnings results on Thursday, September 5th. The company reported ($0.96) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $41.70 million for the quarter, compared to analysts’ expectations of $41.68 million. During the same period last year, the firm earned ($3.44) earnings per share. Domo’s quarterly revenue was up 21.6% on a year-over-year basis. Equities analysts expect that Domo will post -4.82 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake in shares of Domo by 350.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 900 shares of the company’s stock valued at $36,000 after purchasing an additional 700 shares in the last quarter. Edge Wealth Management LLC purchased a new position in shares of Domo during the second quarter valued at about $33,000. Tower Research Capital LLC TRC purchased a new position in shares of Domo during the second quarter valued at about $35,000. Point72 Hong Kong Ltd raised its stake in Domo by 100.3% in the second quarter. Point72 Hong Kong Ltd now owns 2,879 shares of the company’s stock worth $79,000 after buying an additional 1,442 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Domo by 412.9% in the second quarter. Bank of Montreal Can now owns 1,831 shares of the company’s stock worth $51,000 after buying an additional 1,474 shares in the last quarter. 64.17% of the stock is owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Domo (NASDAQ:DOMO)

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