JMP Securities Reiterates “Market Outperform” Rating for Doma (NYSE:DOMA)

JMP Securities reissued their market outperform rating on shares of Doma (NYSE:DOMA) in a research note released on Monday, Benzinga reports. JMP Securities currently has a $20.00 price objective on the stock.

Separately, Citigroup raised their price target on Doma from $6.00 to $6.29 and gave the company a neutral rating in a report on Tuesday, April 2nd.

Doma Stock Up 0.2 %

Doma stock opened at $6.08 on Monday. The business’s 50-day simple moving average is $4.81 and its 200 day simple moving average is $4.79. The stock has a market cap of $84.45 million, a price-to-earnings ratio of -0.65 and a beta of 1.85. Doma has a 12-month low of $3.86 and a 12-month high of $11.49.

Doma (NYSE:DOMA) last posted its quarterly earnings results on Tuesday, March 12th. The company reported ($1.22) earnings per share (EPS) for the quarter. The firm had revenue of $84.61 million during the quarter. Doma had a negative net margin of 38.39% and a negative return on equity of 2,120.08%.

Hedge Funds Weigh In On Doma

Several hedge funds have recently added to or reduced their stakes in DOMA. Alliancebernstein L.P. lifted its stake in Doma by 50.3% in the fourth quarter. Alliancebernstein L.P. now owns 60,100 shares of the company’s stock valued at $27,000 after buying an additional 20,100 shares during the period. Barclays PLC lifted its stake in Doma by 90.6% in the first quarter. Barclays PLC now owns 71,079 shares of the company’s stock valued at $29,000 after buying an additional 33,787 shares during the period. BNP Paribas Arbitrage SNC acquired a new position in Doma in the third quarter valued at about $30,000. HighTower Advisors LLC acquired a new position in Doma in the first quarter valued at about $38,000. Finally, American International Group Inc. acquired a new position in Doma in the second quarter valued at about $66,000. Institutional investors and hedge funds own 20.67% of the company’s stock.

About Doma

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.