Citizens Jmp Reiterates Market Underperform Rating for Domo (NASDAQ:DOMO)

Domo (NASDAQ:DOMO)‘s stock had its “market underperform” rating reissued by stock analysts at Citizens Jmp in a research note issued on Monday,Benzinga reports. They presently have a $2.25 target price on the stock. Citizens Jmp’s target price would suggest a potential downside of 42.46% from the stock’s current price.

DOMO has been the topic of a number of other reports. DA Davidson reaffirmed a “neutral” rating and issued a $3.50 price target on shares of Domo in a research note on Tuesday, June 16th. UBS Group restated a “market underperform” rating on shares of Domo in a report on Monday. Citigroup reaffirmed a “market underperform” rating on shares of Domo in a research note on Monday. Weiss Ratings raised shares of Domo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 1st. Finally, Lake Street Capital raised shares of Domo from a “hold” rating to a “buy” rating and lowered their price objective for the company from $7.00 to $5.00 in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $3.95.

Domo Price Performance

Shares of DOMO opened at $3.91 on Monday. The firm has a market cap of $176.54 million, a P/E ratio of -2.94 and a beta of 1.76. The stock has a 50 day simple moving average of $3.33 and a two-hundred day simple moving average of $3.72. Domo has a 1 year low of $1.84 and a 1 year high of $18.49.

Insider Buying and Selling at Domo

In related news, CFO Tod Crane sold 68,483 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $2.38, for a total value of $162,989.54. Following the sale, the chief financial officer owned 276,809 shares in the company, valued at $658,805.42. This represents a 19.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Rpd Fund Management Llc sold 39,034 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $4.46, for a total value of $174,091.64. Following the completion of the sale, the insider directly owned 4,187,809 shares in the company, valued at $18,677,628.14. This trade represents a 0.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 427,351 shares of company stock valued at $1,343,466 in the last quarter. 13.25% of the stock is owned by insiders.

Hedge Funds Weigh In On Domo

A number of hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in Domo by 17.5% in the 1st quarter. AQR Capital Management LLC now owns 40,231 shares of the company’s stock worth $312,000 after buying an additional 5,985 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Domo in the 1st quarter worth approximately $237,000. Goldman Sachs Group Inc. lifted its holdings in shares of Domo by 22.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 172,680 shares of the company’s stock valued at $1,340,000 after buying an additional 31,740 shares during the period. Creative Planning lifted its holdings in shares of Domo by 23.2% during the 2nd quarter. Creative Planning now owns 15,362 shares of the company’s stock valued at $215,000 after buying an additional 2,889 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Domo by 9.6% in the 2nd quarter. Rhumbline Advisers now owns 54,308 shares of the company’s stock worth $759,000 after buying an additional 4,751 shares during the last quarter. 76.64% of the stock is currently owned by hedge funds and other institutional investors.

Domo Company Profile

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.