Domo, Inc. (NASDAQ:DOMO) Short Interest Down 13.2% in February

Domo, Inc. (NASDAQ:DOMO) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 3,692,133 shares, a decrease of 13.2% from the February 12th total of 4,255,878 shares. Approximately 10.4% of the shares of the company are sold short. Based on an average daily trading volume, of 1,492,043 shares, the short-interest ratio is currently 2.5 days. Based on an average daily trading volume, of 1,492,043 shares, the short-interest ratio is currently 2.5 days. Approximately 10.4% of the shares of the company are sold short.

Wall Street Analyst Weigh In

DOMO has been the topic of a number of analyst reports. Cantor Fitzgerald decreased their price target on Domo from $13.00 to $8.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 11th. Wall Street Zen cut Domo from a “buy” rating to a “hold” rating in a research report on Sunday, December 21st. Citizens Jmp reissued an “underperform” rating and issued a $3.50 target price on shares of Domo in a report on Friday, February 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Domo in a research report on Wednesday, January 21st. Finally, Citigroup cut shares of Domo from an “outperform” rating to an “underperform” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.64.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Invesco Ltd. raised its stake in shares of Domo by 25.8% during the 4th quarter. Invesco Ltd. now owns 77,028 shares of the company’s stock worth $649,000 after buying an additional 15,809 shares during the last quarter. Mackenzie Financial Corp grew its stake in Domo by 52.6% in the 4th quarter. Mackenzie Financial Corp now owns 197,417 shares of the company’s stock valued at $1,685,000 after acquiring an additional 68,007 shares during the last quarter. Oxford Asset Management LLP purchased a new position in Domo during the 4th quarter valued at about $88,000. Man Group plc purchased a new position in Domo during the 4th quarter valued at about $286,000. Finally, RPD Fund Management LLC raised its position in Domo by 11,294.3% during the fourth quarter. RPD Fund Management LLC now owns 3,623,400 shares of the company’s stock worth $30,545,000 after acquiring an additional 3,591,600 shares during the last quarter. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Domo Trading Down 9.7%

DOMO stock opened at $3.55 on Thursday. The firm has a 50 day moving average of $5.11 and a 200-day moving average of $9.97. The company has a market cap of $148.39 million, a price-to-earnings ratio of -2.45 and a beta of 1.70. Domo has a 12-month low of $3.45 and a 12-month high of $18.49.

Domo (NASDAQ:DOMO) last released its quarterly earnings results on Tuesday, March 10th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.16). The company had revenue of $79.63 million during the quarter, compared to analyst estimates of $78.65 million. The business’s revenue was up 1% on a year-over-year basis. Sell-side analysts forecast that Domo will post -2.1 earnings per share for the current fiscal year.

About Domo

Domo, Inc (NASDAQ: DOMO) is a cloud-based software company that specializes in business intelligence and data analytics. The company’s flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise.

Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific.