Domo (NASDAQ:DOMO) Price Target Lowered to $18.00 at UBS Group

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Domo (NASDAQ:DOMO) had its target price reduced by UBS Group from $28.00 to $18.00 in a report issued on Monday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 5.14% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Domo from a “buy” rating to a “hold” rating in a report on Monday, May 27th. Credit Suisse Group lowered shares of Domo from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $45.00 to $20.00 in a report on Friday, September 6th. Morgan Stanley set a $47.00 price target on shares of Domo and gave the company a “buy” rating in a research report on Friday, June 7th. JMP Securities dropped their price target on shares of Domo from $47.00 to $37.00 and set a “market outperform” rating for the company in a research note on Friday, September 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $34.00 price target (down previously from $50.00) on shares of Domo in a research note on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $33.00.

NASDAQ DOMO opened at $17.12 on Monday. The company has a market cap of $431.64 million, a P/E ratio of -1.82 and a beta of 0.86. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a 50-day moving average of $24.96 and a two-hundred day moving average of $32.02. Domo has a 1-year low of $13.28 and a 1-year high of $47.08.

Domo (NASDAQ:DOMO) last issued its quarterly earnings results on Thursday, September 5th. The company reported ($0.96) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.23) by $0.27. The company had revenue of $41.70 million for the quarter, compared to analyst estimates of $41.68 million. Domo had a negative net margin of 81.35% and a negative return on equity of 291.36%. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($3.44) earnings per share. On average, analysts anticipate that Domo will post -4.82 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in DOMO. First Trust Advisors LP acquired a new position in shares of Domo during the second quarter worth about $29,791,000. Intrinsic Edge Capital Management LLC purchased a new position in Domo in the second quarter worth approximately $5,497,000. Vanguard Group Inc. lifted its stake in Domo by 22.1% in the second quarter. Vanguard Group Inc. now owns 941,545 shares of the company’s stock worth $25,722,000 after acquiring an additional 170,519 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in Domo during the 2nd quarter worth approximately $4,592,000. Finally, Renaissance Technologies LLC acquired a new position in Domo during the 2nd quarter worth approximately $3,393,000. Institutional investors and hedge funds own 64.17% of the company’s stock.

About Domo

Domo, Inc operates a cloud-based platform in the United States. Its platform digitally connects chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.

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