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

Doma Holdings Inc. (NYSE:DOMAGet Rating) was the recipient of some unusual options trading on Wednesday. Traders purchased 2,535 call options on the stock. This is an increase of 1,660% compared to the typical daily volume of 144 call options.

Insider Activity

In other news, CEO Maxwell Simkoff sold 245,664 shares of the business’s stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $0.56, for a total transaction of $137,571.84. Following the transaction, the chief executive officer now directly owns 46,584,394 shares of the company’s stock, valued at $26,087,260.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have sold 434,230 shares of company stock valued at $225,904. Company insiders own 33.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. HighTower Advisors LLC bought a new position in shares of Doma during the first quarter valued at $38,000. Strs Ohio bought a new position in shares of Doma during the second quarter valued at $32,000. SG Americas Securities LLC bought a new position in shares of Doma during the second quarter valued at $48,000. Serengeti Asset Management LP bought a new position in shares of Doma during the second quarter valued at $54,000. Finally, Citigroup Inc. lifted its holdings in shares of Doma by 17.9% during the first quarter. Citigroup Inc. now owns 52,845 shares of the company’s stock valued at $115,000 after purchasing an additional 8,020 shares in the last quarter. 36.34% of the stock is owned by institutional investors.

Doma Trading Up 2.4 %

Doma stock opened at $0.43 on Thursday. The business’s fifty day simple moving average is $0.43 and its two-hundred day simple moving average is $0.59. Doma has a 12 month low of $0.34 and a 12 month high of $4.68. The company has a market capitalization of $139.97 million, a price-to-earnings ratio of -0.62 and a beta of 0.97.

Doma (NYSE:DOMAGet Rating) last released its earnings results on Thursday, November 10th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.11). The company had revenue of $107.86 million during the quarter, compared to the consensus estimate of $133.20 million. Doma had a negative return on equity of 84.07% and a negative net margin of 49.12%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. JMP Securities dropped their price target on Doma from $4.00 to $3.00 and set a “market outperform” rating on the stock in a research report on Friday, November 11th. Citigroup assumed coverage on Doma in a research report on Wednesday, December 14th. They set a “neutral” rating on the stock. Finally, DA Davidson dropped their target price on Doma to $1.50 in a report on Wednesday, November 16th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2.17.

Doma Company Profile

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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.

Further Reading

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