Domo (DOMO) Updates Q1 Earnings Guidance

Domo (NASDAQ:DOMO) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of ($1.30)-($1.26) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($1.41). The company issued revenue guidance of $40-$41 million, compared to the consensus revenue estimate of $39.16 million.Domo also updated its FY 2020 guidance to $-4.07–3.99 EPS.

A number of brokerages have recently weighed in on DOMO. Zacks Investment Research downgraded shares of Domo from a hold rating to a sell rating in a report on Thursday, January 24th. Needham & Company LLC upped their price target on shares of Domo from $27.00 to $37.00 and gave the stock a buy rating in a report on Tuesday. Finally, Morgan Stanley upped their price target on shares of Domo from $29.00 to $38.00 and gave the stock an overweight rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Domo has an average rating of Buy and an average price target of $29.00.

Shares of Domo stock traded up $0.73 on Wednesday, reaching $31.20. 1,027,340 shares of the stock were exchanged, compared to its average volume of 511,118. Domo has a one year low of $13.28 and a one year high of $36.87. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.47.

An institutional investor recently raised its position in Domo stock. Geode Capital Management LLC boosted its stake in Domo Inc (NASDAQ:DOMO) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,745 shares of the company’s stock after purchasing an additional 7,240 shares during the period. Geode Capital Management LLC owned about 0.38% of Domo worth $1,977,000 at the end of the most recent quarter. 61.34% of the stock is currently owned by institutional investors and hedge funds.

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Domo Company Profile

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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