Zacks Investment Research Downgrades Doma (NYSE:DOMA) to Sell

Doma (NYSE:DOMAGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Doma Holdings Inc. is using machine intelligence and its proprietary technology solutions for real estate closing experience for current and prospective homeowners, lenders, title agents, and real estate professionals. Doma Holdings Inc., formerly known as Capitol Investment Corp. V, is based in SAN FRANCISCO. “

A number of other research firms also recently issued reports on DOMA. DA Davidson dropped their price target on Doma from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, April 12th. Oppenheimer downgraded Doma from an “outperform” rating to a “market perform” rating in a research note on Monday, May 16th. Finally, BTIG Research initiated coverage on Doma in a research note on Wednesday, February 2nd. They issued a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $10.50.

DOMA remained flat at $$1.77 during trading on Tuesday. The company’s stock had a trading volume of 1,574,716 shares, compared to its average volume of 1,515,957. The business’s 50-day moving average is $1.95 and its 200 day moving average is $3.61. Doma has a 1-year low of $1.28 and a 1-year high of $10.00. The firm has a market cap of $573.31 million, a PE ratio of -0.74 and a beta of 1.02.

In other Doma news, Director Mark Ein purchased 332,970 shares of the firm’s stock in a transaction on Wednesday, February 23rd. The shares were acquired at an average cost of $2.40 per share, with a total value of $799,128.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several hedge funds have recently modified their holdings of DOMA. ETF Managers Group LLC purchased a new position in Doma in the fourth quarter worth about $25,000. Penserra Capital Management LLC purchased a new position in Doma in the third quarter worth about $59,000. Credit Suisse AG purchased a new position in Doma in the third quarter worth about $81,000. Ensign Peak Advisors Inc purchased a new position in Doma in the fourth quarter worth about $56,000. Finally, Squarepoint Ops LLC purchased a new position in Doma in the fourth quarter worth about $59,000. 55.82% of the stock is currently owned by hedge funds and other institutional investors.

Doma Company Profile (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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