In a report released today, Eric Martinuzzi from Lake Street maintained a Hold rating on Domo (DOMO – Research Report), with a price target of $8.00. The company’s shares closed last Wednesday at $9.28.
Martinuzzi covers the Technology sector, focusing on stocks such as Brightcove, Domo, and Backblaze. According to TipRanks, Martinuzzi has an average return of 8.8% and a 48.01% success rate on recommended stocks.
Domo has an analyst consensus of Hold, with a price target consensus of $8.25, representing a -11.10% downside. In a report released today, TD Cowen also assigned a Hold rating to the stock with a $10.00 price target.
DOMO market cap is currently $358.5M and has a P/E ratio of -4.29.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DOMO in relation to earlier this year.
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Domo (DOMO) Company Description:
Domo, Inc. designs, develops, and markets executive management software solutions. It offers customized software tools for business operations, customer relationship management, human resources, and financial reporting. The company was founded by Joshua G. James in September 2010 and is headquartered in American Fork, UT.
