On May 26, 2023, JMP Securities reiterated their Market Outperform recommendation for Domo Inc. – Class B (NASDAQ:DOMO), according to Fintel reports.
The average one-year price target for Domo Inc. – Class B, as of May 11, 2023, is 22.18, with a range between 16.16 and $31.50. This represents an expected increase of 73.32% from its latest closing price of 12.80.
The projected annual revenue for Domo Inc. – Class B is expected to be 344MM, which is an increase of 11.46%, and the projected annual non-GAAP EPS is -0.50.
There are currently 327 funds or institutions reporting positions in Domo Inc. – Class B, which is a decrease of 12 owner(s) or 3.54% in the last quarter. On average, the portfolio weight of all funds dedicated to DOMO is 0.11%, which is an increase of 1.01%. The total shares owned by institutions decreased by 3.64% to 26,488K shares over the last three months, and the put/call ratio of DOMO is 0.16, indicating a bullish outlook.
The top institutional shareholders of Domo Inc. – Class B are Ameriprise Financial, SKYY – First Trust Cloud Computing ETF, VTSMX – Vanguard Total Stock Market Index Fund Investor Shares, and Granahan Investment Management, collectively owning over 10% of the company’s shares.
Domo is a cloud-based platform that provides business intelligence by democratizing access to data. It enables organizations of all sizes with BI leverage at cloud scale, in record time.
For more information on Domo Inc. – Class B and its key filings, please see the Fintel report linked above.
Note: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
