Domo (NASDAQ:DOMO) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of ($1.30)-($1.26) for the period, compared to the Thomson Reuters consensus EPS 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.
Several research firms have recently commented on DOMO. JMP Securities raised their price objective on Domo from $35.00 to $47.00 and gave the stock an outperform rating in a research note on Thursday. Morgan Stanley raised their price objective on Domo from $29.00 to $38.00 and gave the stock an overweight rating in a research note on Thursday, March 7th. Credit Suisse Group raised their price objective on Domo from $27.00 to $40.00 and gave the stock an outperform rating in a research note on Thursday. Needham & Company LLC raised their price objective on Domo from $27.00 to $37.00 and gave the stock a buy rating in a research note on Tuesday. Finally, Zacks Investment Research downgraded Domo from a hold rating to a sell rating in a research note on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. Domo presently has an average rating of Buy and a consensus target price of $32.13.
Shares of DOMO opened at $37.79 on Friday. Domo has a 12-month low of $13.28 and a 12-month high of $39.13. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.04 and a current ratio of 2.04.
An institutional investor recently raised its position in Domo stock. Geode Capital Management LLC boosted its holdings in shares of Domo Inc (NASDAQ:DOMO) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 100,745 shares of the company’s stock after purchasing an additional 7,240 shares during the quarter. Geode Capital Management LLC owned about 0.38% of Domo worth $1,977,000 at the end of the most recent quarter. 65.56% of the stock is currently owned by institutional investors.
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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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