Stock Traders Buy High Volume of Call Options on Doma (NYSE:DOMA)

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Doma Holdings Inc. (NYSE:DOMAGet Rating) saw unusually large options trading activity on Wednesday. Traders purchased 2,535 call options on the company. This is an increase of approximately 1,660% compared to the average volume of 144 call options.

A number of institutional investors and hedge funds have recently made changes to their positions in DOMA. Arizona State Retirement System purchased a new position in Doma during the fourth quarter worth $154,000. Advisor Group Holdings Inc. boosted its stake in Doma by 6,364.0% during the fourth quarter. Advisor Group Holdings Inc. now owns 16,160 shares of the company’s stock worth $82,000 after buying an additional 15,910 shares during the period. Mirabella Financial Services LLP purchased a new position in Doma during the fourth quarter worth $66,000. Gs Investments Inc. purchased a new position in Doma during the first quarter worth $49,000. Finally, Miracle Mile Advisors LLC purchased a new position in Doma during the first quarter worth $50,000. Institutional investors own 55.82% of the company’s stock.

A number of equities analysts recently issued reports on DOMA shares. Oppenheimer downgraded shares of Doma from an “outperform” rating to a “market perform” rating in a report on Monday, May 16th. DA Davidson decreased their target price on shares of Doma from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, April 12th. Finally, Compass Point initiated coverage on shares of Doma in a research note on Wednesday, May 25th. They set a “neutral” rating and a $2.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.80.

Doma stock opened at $0.90 on Thursday. The stock has a market cap of $292.27 million, a P/E ratio of -0.38 and a beta of 1.66. Doma has a 1 year low of $0.86 and a 1 year high of $10.00. The firm’s 50 day moving average price is $1.46 and its 200-day moving average price is $2.45.

Doma (NYSE:DOMAGet Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.05). Doma had a negative return on equity of 66.99% and a negative net margin of 27.90%. The business had revenue of $112.21 million during the quarter, compared to the consensus estimate of $119.10 million. Sell-side analysts expect that Doma will post -0.11 earnings per share for the current fiscal year.

About Doma (Get Rating)

Doma Holdings Inc originates, underwrites, and provides title, escrow, and settlement services to homeowners, lenders, title agents, and real estate professionals. It operates through two segments, Distribution and Underwriting. The company also engages in title insurance underwriting business, including policies referred through its direct agents and third-party agents’ channels; and provides services in the areas of purchase and refinance transactions in the residential real estate market.

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