Domo, Inc. (NASDAQ:HUCK) Stock Has Average Target Price of $3.95

Domo, Inc. (NASDAQ:HUCK) has been assigned a consensus rating of “Reduce” from the nine brokerages that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $3.95.

HUCK has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Domo from a “hold” rating to a “sell” rating in a report on Saturday, September 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Domo in a report on Monday, October 26th. Cantor Fitzgerald downgraded shares of Domo from an “overweight” rating to a “hold” rating and set a $4.84 target price for the company. in a report on Thursday, July 23rd. Stephens lowered shares of Domo from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $5.00 to $4.00 in a research report on Thursday, July 23rd. Finally, Lake Street Capital raised shares of Domo from a “hold” rating to a “buy” rating and cut their price target for the stock from $7.00 to $5.00 in a research note on Thursday, July 23rd.

Domo Stock Up 3.0%

Shares of Domo stock opened at $3.10 on Thursday. Domo has a fifty-two week low of $1.84 and a fifty-two week high of $13.41. The business’s fifty day moving average is $3.55 and its two-hundred day moving average is $3.74. The firm has a market cap of $139.97 million, a PE ratio of -3.16 and a beta of 1.82.

Domo (NASDAQ:HUCK) last announced its quarterly earnings data on Thursday, September 3rd. The company reported ($0.21) EPS for the quarter. The firm had revenue of $76.78 million during the quarter, compared to analyst estimates of $78.06 million. Equities research analysts anticipate that Domo will post -1.45 EPS for the current year.

Institutional Trading of Domo

Institutional investors and hedge funds have recently made changes to their positions in the company. RPD Fund Management LLC boosted its holdings in Domo by 27.3% in the first quarter. RPD Fund Management LLC now owns 4,613,726 shares of the company’s stock valued at $14,118,000 after acquiring an additional 990,326 shares during the last quarter. Bank of New York Mellon Corp grew its position in Domo by 14.4% during the first quarter. Bank of New York Mellon Corp now owns 99,850 shares of the company’s stock valued at $306,000 after acquiring an additional 12,601 shares during the period. Quantinno Capital Management LP grew its position in Domo by 362.4% during the first quarter. Quantinno Capital Management LP now owns 61,535 shares of the company’s stock valued at $188,000 after acquiring an additional 48,226 shares during the period. Bank of America Corp DE increased its stake in Domo by 41.1% during the first quarter. Bank of America Corp DE now owns 55,048 shares of the company’s stock worth $168,000 after acquiring an additional 16,029 shares during the last quarter. Finally, Rockwood Wealth Management LLC increased its stake in Domo by 16.1% during the first quarter. Rockwood Wealth Management LLC now owns 54,227 shares of the company’s stock worth $166,000 after acquiring an additional 7,507 shares during the last quarter. 76.64% of the stock is currently owned by institutional investors and hedge funds.

Domo Company Profile

Domo, Inc develops a cloud-based business intelligence and data experience platform that helps organizations connect, analyze and act on information from across their operations. Its platform is designed to make data accessible to business users through interactive dashboards, visualizations, reporting and collaboration tools.

Domo’s products support data integration, preparation, governance and workflow automation, allowing customers to bring together information from databases, enterprise applications and other sources.