Doma Sees Unusually High Options Volume (NYSE:DOMA)

Doma Holdings Inc. (NYSE:DOMA – Get Rating) saw some unusual options trading activity on Wednesday. Stock traders purchased 2,535 call options on the company. This represents an increase of 1,660% compared to the typical daily volume of 144 call options.

Insider Buying and Selling at Doma

In other news, CEO Maxwell Simkoff sold 39,763 shares of the business’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $0.77, for a total transaction of $30,617.51. Following the sale, the chief executive officer now directly owns 45,988,289 shares in the company, valued at $35,410,982.53. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 173,732 shares of company stock worth $104,429. Company insiders own 33.50% of the company’s stock.

Hedge Funds Weigh In On Doma

Large investors have recently bought and sold shares of the business. Swiss National Bank grew its position in Doma by 7.4% during the first quarter. Swiss National Bank now owns 266,900 shares of the company’s stock worth $579,000 after buying an additional 18,300 shares during the period. JPMorgan Chase & Co. increased its holdings in Doma by 109.4% in the 1st quarter. JPMorgan Chase & Co. now owns 94,042 shares of the company’s stock valued at $204,000 after buying an additional 49,132 shares during the period. HighTower Advisors LLC acquired a new position in Doma during the 1st quarter valued at about $38,000. Cetera Advisor Networks LLC bought a new position in shares of Doma during the 1st quarter worth approximately $162,000. 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 worth $115,000 after buying an additional 8,020 shares in the last quarter. Institutional investors own 36.34% of the company’s stock.

Doma Stock Performance

NYSE DOMA opened at $0.48 on Thursday. Doma has a fifty-two week low of $0.34 and a fifty-two week high of $2.67. The stock has a market cap of $158.70 million, a P/E ratio of -0.53 and a beta of 1.50. The stock has a 50 day simple moving average of $0.59 and a two-hundred day simple moving average of $0.52.

Analyst Ratings Changes

A number of research firms have weighed in on DOMA. Citigroup began coverage on Doma in a report on Wednesday, December 14th. They set a “neutral” rating for the company. DA Davidson decreased their target price on shares of Doma to $1.50 in a research note on Wednesday, November 16th. Finally, JMP Securities decreased their target price on shares of Doma from $4.00 to $3.00 and set a “market outperform” rating for the company in a report on Friday, November 11th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $2.17.

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.