Domo (NASDAQ:DOMO) posted its earnings results on Thursday. The company reported ($1.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.45) by $0.37, Briefing.com reports. The company had revenue of $40.80 million for the quarter, compared to analysts’ expectations of $40.69 million. The business’s quarterly revenue was up 27.9% compared to the same quarter last year.
Shares of DOMO stock opened at $31.76 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.18. Domo has a 52-week low of $13.28 and a 52-week high of $47.08. The firm has a market capitalization of $862.82 million and a P/E ratio of -3.37.
In related news, EVP Catherine Wong sold 6,580 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $38.74, for a total value of $254,909.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 21.97% of the company’s stock.
Several equities research analysts have issued reports on DOMO shares. Morgan Stanley increased their target price on Domo from $29.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Needham & Company LLC increased 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. Credit Suisse Group increased their target price on Domo from $27.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. JMP Securities increased their target price on Domo from $35.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Finally, Zacks Investment Research upgraded Domo from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Monday, March 18th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Domo has an average rating of “Buy” and an average price target of $37.25.
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.
Further Reading: Strangles
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