Fox Run Management L.L.C. bought a new stake in Domo, Inc. (NASDAQ:DOMO – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,087 shares of the company’s stock, valued at approximately $197,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DOMO. AIGH Capital Management LLC acquired a new position in shares of Domo during the 1st quarter worth about $5,832,000. Nuveen LLC bought a new position in shares of Domo in the first quarter valued at $1,248,000. Panoramic Capital LLC acquired a new position in Domo during the first quarter worth $776,000. Mackenzie Financial Corp raised its position in Domo by 63.5% during the first quarter. Mackenzie Financial Corp now owns 124,433 shares of the company’s stock worth $966,000 after acquiring an additional 48,316 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Domo by 3.0% in the first quarter. Acadian Asset Management LLC now owns 1,415,884 shares of the company’s stock valued at $10,987,000 after acquiring an additional 41,194 shares during the last quarter. 76.64% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages recently issued reports on DOMO. Cantor Fitzgerald raised their target price on shares of Domo from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Domo in a research note on Wednesday, October 8th. Stephens assumed coverage on Domo in a research note on Friday, July 18th. They set an “overweight” rating and a $19.00 target price for the company. JMP Securities restated a “market outperform” rating and issued a $20.00 price target on shares of Domo in a research note on Wednesday, September 10th. Finally, TD Cowen raised shares of Domo from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $13.00 to $21.00 in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.
Domo Stock Performance
DOMO stock opened at $12.37 on Friday. Domo, Inc. has a 52 week low of $6.01 and a 52 week high of $18.49. The company has a market capitalization of $510.03 million, a PE ratio of -6.38 and a beta of 1.77. The company’s 50-day simple moving average is $14.60 and its 200 day simple moving average is $13.70.
Domo (NASDAQ:DOMO – Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. The business had revenue of $79.72 million during the quarter, compared to the consensus estimate of $78.07 million. During the same period in the prior year, the firm earned ($0.07) EPS. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. Domo has set its FY 2026 guidance at -0.190–0.110 EPS. Q3 2026 guidance at -0.070–0.030 EPS. On average, analysts forecast that Domo, Inc. will post -2.1 EPS for the current year.
Insider Buying and Selling
In other Domo news, Director Daniel David Daniel III sold 273,900 shares of Domo stock in a transaction on Monday, October 6th. The stock was sold at an average price of $15.26, for a total value of $4,179,714.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 15.24% of the stock is currently owned by company insiders.
Domo 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.
Read More
- Five stocks we like better than Domo
- Profitably Trade Stocks at 52-Week Highs
- Are These 3 Oversold Tech Giants Ready to Rebound?
- What Are Trending Stocks? Trending Stocks Explained
- If You Wait for the Dip, Micron Technology Could Leave You Behind
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- 3 Stocks Quietly Powering the AI and Tech Revolution
Want to see what other hedge funds are holding DOMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domo, Inc. (NASDAQ:DOMO – Free Report).
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.
