Dominari (NASDAQ:DOMH) Releases Earnings Results

Dominari (NASDAQ:DOMH) released its quarterly earnings data on Monday. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.68) by $0.63, FiscalAI reports. Dominari had a negative return on equity of 235.37% and a negative net margin of 51.61%. The business had revenue of $16.38 million for the quarter, compared to analyst estimates of $18.58 million.

Dominari Stock Down 17.9%

Shares of Dominari stock traded down $0.21 during trading hours on Tuesday, hitting $0.94. 221,824 shares of the company’s stock traded hands, compared to its average volume of 163,500. The stock has a 50 day simple moving average of $2.04 and a 200-day simple moving average of $2.83. Dominari has a twelve month low of $0.90 and a twelve month high of $5.71. The company has a market cap of $22.88 million, a PE ratio of -0.17 and a beta of 0.93.

Insider Buying and Selling at Dominari

In other news, President Kyle Wool bought 50,000 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was purchased at an average price of $2.02 per share, with a total value of $101,000.00. Following the transaction, the president directly owned 4,261,828 shares in the company, valued at approximately $8,608,892.56. The trade was a 1.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Anthony Hayes bought 50,000 shares of the stock in a transaction on Thursday, September 10th. The shares were purchased at an average price of $2.02 per share, with a total value of $101,000.00. Following the acquisition, the chief executive officer owned 4,550,873 shares in the company, valued at approximately $9,192,763.46. This represents a 1.11% increase in their position. The SEC filing for this purchase provides additional information. 55.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Dominari in a report on Friday, October 2nd. Wall Street Zen lowered shares of Dominari from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Dominari announced that its Board of Directors has approved a stock repurchase plan on Thursday, September 17th that authorizes the company to buy back $5 million in shares. This buyback authorization authorizes the company to buy up to 9.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Dominari Company Profile

Dominari Holdings Inc (NASDAQ:DOMH) is a diversified holding company focused on building and managing a portfolio of operating businesses and strategic investments. The company seeks opportunities across areas such as technology, media, telecommunications, financial services and other industries.

Through its subsidiaries, Dominari provides financial and capital-markets services, including investment banking, securities brokerage, wealth management and related advisory activities. Its businesses serve corporate clients, institutional investors and individual customers, subject to applicable regulatory requirements.

The company was formerly known as AIkido Pharma Inc and adopted the Dominari Holdings name as it broadened its focus beyond its earlier life-sciences activities.