Doma Target of Unusually High Options Trading (NYSE:DOMA)

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Doma Holdings Inc. (NYSE:DOMAGet Rating) was the target of unusually large options trading on Wednesday. Stock investors purchased 2,535 call options on the company. This is an increase of 1,660% compared to the typical volume of 144 call options.

Doma Stock Up 7.1 %

DOMA opened at $0.58 on Thursday. The firm has a market cap of $189.08 million, a price-to-earnings ratio of -1.01 and a beta of 1.06. Doma has a 52 week low of $0.53 and a 52 week high of $9.10. The business’s 50 day moving average is $0.80 and its two-hundred day moving average is $1.54.

Doma (NYSE:DOMAGet Rating) last released its earnings results on Tuesday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). The company had revenue of $123.74 million during the quarter, compared to analyst estimates of $118.60 million. Doma had a negative net margin of 34.81% and a negative return on equity of 62.96%. Equities analysts expect that Doma will post -0.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other Doma news, CEO Maxwell Simkoff sold 76,185 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $0.81, for a total value of $61,709.85. Following the completion of the sale, the chief executive officer now directly owns 47,977,090 shares of the company’s stock, valued at approximately $38,861,442.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 308,135 shares of company stock valued at $251,291 in the last three months. 33.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DOMA. ETF Managers Group LLC purchased a new stake in shares of Doma in the fourth quarter valued at approximately $25,000. CTC Capital Management LLC purchased a new stake in shares of Doma in the first quarter valued at approximately $29,000. Strs Ohio purchased a new stake in Doma during the second quarter worth $32,000. HighTower Advisors LLC purchased a new stake in Doma during the first quarter worth $38,000. Finally, SG Americas Securities LLC purchased a new stake in Doma during the second quarter worth $48,000. Institutional investors and hedge funds own 37.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Oppenheimer cut Doma from an “outperform” rating to a “market perform” rating in a report on Monday, May 16th. Compass Point assumed coverage on Doma in a report on Wednesday, May 25th. They set a “neutral” rating and a $2.00 target price for the company. Finally, DA Davidson decreased their price objective on Doma from $4.25 to $2.50 and set a “buy” rating for the company in a research note on Wednesday, August 10th.

About Doma

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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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