Domo, Inc. (NASDAQ:DOMO) Receives Consensus Recommendation of "Hold" from Analysts

Domo, Inc. (NASDAQ:DOMO - Get Free Report) has received a consensus recommendation of "Hold" from the eight analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $6.9167.Domo’s Breakout Quarter: Is the Software Selloff Over?Several analysts have recently weighed in on the stock. DA Davidson reduced their price objective on shares of Domo from $10.00 to $6.00 and set a "neutral" rating for the company in a research report on Wednesday, March 11th. Cantor Fitzgerald reduced their price objective on shares of Domo from $13.00 to $8.00 and set an "overweight" rating for the company in a research report on Wednesday, March 11th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Domo in a research report on Wednesday, January 21st. Lake Street Capital reduced their price target on shares of Domo from $13.00 to $7.00 and set a "hold" rating for the company in a research report on Wednesday, March 11th. Finally, Stephens reduced their price target on shares of Domo from $18.00 to $8.00 and set an "overweight" rating for the company in a research report on Friday, April 17th.Read Our Latest Report on DomoInstitutional Trading of DomoDomo Stock Ready for the Next Leg UpSeveral institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new stake in Domo in the 3rd quarter valued at $25,000. Brevan Howard Capital Management LP raised its position in Domo by 3.9% in the 3rd quarter. Brevan Howard Capital Management LP now owns 50,740 shares of the company's stock valued at $804,000 after purchasing an additional 1,924 shares during the last quarter. Verition Fund Management LLC raised its position in Domo by 8.1% in the 4th quarter. Verition Fund Management LLC now owns 35,876 shares of the company's stock valued at $302,000 after purchasing an additional 2,679 shares during the last quarter. Creative Planning raised its position in Domo by 23.2% in the 2nd quarter. Creative Planning now owns 15,362 shares of the company's stock valued at $215,000 after purchasing an additional 2,889 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Domo in the 2nd quarter valued at $42,000. Hedge funds and other institutional investors own 76.64% of the company's stock. Domo Trading Down 1.6%Shares of NASDAQ:DOMO opened at $3.81 on Thursday. The company has a market capitalization of $172.02 million, a PE ratio of -2.63 and a beta of 1.74. Domo has a twelve month low of $2.39 and a twelve month high of $18.49. The firm has a 50 day simple moving average of $3.61 and a 200-day simple moving average of $7.11. Domo (NASDAQ:DOMO - Get Free Report) last issued its quarterly earnings data on Tuesday, March 10th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.16). The firm had revenue of $79.63 million for the quarter, compared to analyst estimates of $78.65 million. The firm's quarterly revenue was up 1% on a year-over-year basis. As a group, equities research analysts predict that Domo will post -1.43 EPS for the current fiscal year. About Domo (Get Free Report)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.Featured StoriesFive stocks we like better than DomoThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Domo Right Now?Before you consider Domo, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Domo wasn't on the list.While Domo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here