Domo (NASDAQ: DOMO – Get Rating) updated its second quarter 2023 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of – $ 0.35 – $ 0.31 for the period, compared to the consensus estimate of – $ 0.36. The company issued revenue guidance of $ 76.00 million- $ 77.00 million, compared to the consensus revenue estimate of $ 76.56 million. Domo also updated its FY 2023 guidance to – $ 1.34 – $ 1.26 EPS.
DOMO has been the topic of several research reports. Cowen dropped their price objective on shares of Domo from $ 85.00 to $ 70.00 in a research note on Monday, May 23rd. JMP Securities dropped their price objective on shares of Domo from $ 88.00 to $ 59.00 in a research note on Friday, May 27th. Morgan Stanley dropped their price objective on shares of Domo from $ 90.00 to $ 74.00 and set an overweight rating on the stock in a research note on Thursday, May 19th. Finally, Cowen dropped their objective price on shares of Domo from $ 85.00 to $ 70.00 in a research note on Monday, May 23rd.
Shares of NASDAQ: DOMO opened at $ 27.33 on Thursday. The firm’s 50 day moving average is $ 34.76 and its two-hundred day moving average is $ 42.71. Domo has a 52 week low of $ 23.01 and a 52 week high of $ 98.35. The firm has a market capitalization of $ 901.62 million, a P / E ratio of -7.63 and a beta of 2.68.
Domo (NASDAQ: DOMO – Get Rating) last posted its quarterly earnings data on Thursday, May 26th. The company reported ($ 0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($ 0.40) by $ 0.17. The company had revenue of $ 74.50 million during the quarter, compared to the consensus estimate of $ 74.10 million. The company’s revenue was up 24.0% on a year-over-year basis. During the same quarter last year, the business earned ($ 0.58) earnings per share. Sell-side analysts anticipate that Domo will post -4.21 EPS for the current fiscal year.
In related news, COO Catherine Wong sold 36,000 shares of the firm’s stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $ 55.24, for a total transaction of $ 1,988,640.00. Following the completion of the sale, the chief operating officer now directly owns 160,638 shares in the company, valued at $ 8,873,643.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joy Driscoll Durling sold 1,940 shares of the firm’s stock in a transaction that occurred on Wednesday, April 13th. The stock was sold at an average price of $ 51.68, for a total transaction of $ 100,259.20. Following the sale, the director now owns 19,609 shares of the company’s stock, valued at $ 1,013,393.12. The disclosure for this sale can be found here. Company insiders own 10.85% of the company’s stock.
A number of institutional investors have recently bought and sold shares of DOMO. Advisor Group Holdings Inc. boosted its stake in Domo by 29.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,625 shares of the company’s stock worth $ 203,000 after purchasing an additional 835 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Domo by 38.6% during the 1st quarter. JPMorgan Chase & Co. now owns 121,542 shares of the company’s stock valued at $ 6,146,000 after purchasing an additional 33,845 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Domo by 1.5% during the 1st quarter. Bank of New York Mellon Corp now owns 417,040 shares of the company’s stock valued at $ 21,089,000 after purchasing an additional 6,149 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Domo by 54.4% during the 1st quarter. MetLife Investment Management LLC now owns 15,153 shares of the company’s stock valued at $ 766,000 after purchasing an additional 5,339 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Domo by 2.9% during the 1st quarter. BlackRock Inc. now owns 2,102,727 shares of the company’s stock valued at $ 106,337,000 after purchasing an additional 60,090 shares in the last quarter. 72.40% of the stock is owned by hedge funds and other institutional investors.
Domo Company Profile (Get Rating)
Domo, Inc. operates a cloud-based business intelligence platform in the United States, Japan, and internationally. Its platform digitally connects from the 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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
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 “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here