UBS Oconnor LLC acquired a new stake in Domo Inc (NASDAQ:DOMO) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 85,291 shares of the company’s stock, valued at approximately $1,674,000. UBS Oconnor LLC owned about 0.32% of Domo as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. American International Group Inc. bought a new stake in shares of Domo in the third quarter valued at about $114,000. Bank of America Corp DE raised its stake in Domo by 420.3% during the fourth quarter. Bank of America Corp DE now owns 8,809 shares of the company’s stock worth $173,000 after acquiring an additional 7,116 shares in the last quarter. New York State Common Retirement Fund acquired a new position in Domo during the fourth quarter worth about $177,000. Wells Fargo & Company MN acquired a new position in Domo during the third quarter worth about $180,000. Finally, Rhumbline Advisers bought a new stake in shares of Domo during the fourth quarter worth about $196,000. Institutional investors own 65.56% of the company’s stock.
Several analysts recently commented on the company. Credit Suisse Group upped their target price on Domo from $27.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. Needham & Company LLC upped their target price on Domo from $27.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, March 12th. Zacks Investment Research raised Domo from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, December 11th. JMP Securities increased their price target on Domo from $35.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Finally, Morgan Stanley raised their target price on Domo from $29.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Domo has an average rating of “Buy” and a consensus price target of $36.63.
Shares of DOMO stock opened at $43.42 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.04 and a current ratio of 2.04. Domo Inc has a fifty-two week low of $13.28 and a fifty-two week high of $44.95. The company has a market capitalization of $1.14 billion and a PE ratio of -4.60.
Domo (NASDAQ:DOMO) last released its earnings results on Wednesday, March 13th. The company reported ($1.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.42) by $0.29. The company had revenue of $39.40 million during the quarter, compared to the consensus estimate of $37.77 million. Domo’s revenue for the quarter was up 30.9% compared to the same quarter last year. Research analysts forecast that Domo Inc will post -4.71 earnings per share for the current year.
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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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