Stock Traders Buy High Volume of Call Options on Doma (NYSE:DOMA)

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

A number of equities research analysts recently commented on the company. Compass Point assumed coverage on Doma in a research report on Wednesday, May 25th. They issued a “neutral” rating and a $2.00 target price on the stock. Oppenheimer lowered Doma from an “outperform” rating to a “market perform” rating in a research report on Monday, May 16th. Finally, DA Davidson dropped their target price on Doma from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, April 12th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Doma currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.80.

Several large investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of Doma by 158.5% during the 1st quarter. Bank of America Corp DE now owns 60,052 shares of the company’s stock valued at $131,000 after buying an additional 36,818 shares in the last quarter. Eminence Capital LP lifted its position in shares of Doma by 25.9% during the 1st quarter. Eminence Capital LP now owns 12,491,449 shares of the company’s stock valued at $27,106,000 after buying an additional 2,571,795 shares in the last quarter. State Street Corp lifted its position in shares of Doma by 16.1% during the 1st quarter. State Street Corp now owns 792,640 shares of the company’s stock valued at $1,720,000 after buying an additional 110,065 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Doma during the 1st quarter valued at approximately $277,000. Finally, Graham Capital Management L.P. purchased a new position in shares of Doma during the 1st quarter valued at approximately $653,000. Hedge funds and other institutional investors own 55.82% of the company’s stock.

Doma stock opened at $0.90 on Thursday. Doma has a 12 month low of $0.86 and a 12 month high of $10.00. The stock’s 50 day simple moving average is $1.46 and its two-hundred day simple moving average is $2.45. The firm has a market cap of $292.27 million, a PE ratio of -0.38 and a beta of 1.66.

Doma (NYSE:DOMAGet Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.05). Doma had a negative return on equity of 66.99% and a negative net margin of 27.90%. The company had revenue of $112.21 million during the quarter, compared to analysts’ expectations of $119.10 million. As a group, sell-side analysts forecast that Doma will post -0.11 earnings per share for the current fiscal year.

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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