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

Doma Holdings Inc. (NYSE:DOMA) was the target of unusually large options trading on Wednesday. Stock investors purchased 2,535 call options on the company. This is an increase of 1,660% compared to the typical volume of 144 call options.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Citigroup raised their target price on Doma from $6.00 to $6.29 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. JMP Securities reiterated a “market outperform” rating and set a $20.00 price target on shares of Doma in a report on Monday.

Hedge Funds Weigh In On Doma

A number of hedge funds have recently modified their holdings of DOMA. Citigroup Inc. boosted its holdings in Doma by 17.9% during the 1st quarter. Citigroup Inc. now owns 52,845 shares of the company’s stock valued at $115,000 after acquiring an additional 8,020 shares during the period. HighTower Advisors LLC purchased a new position in Doma during the 1st quarter valued at about $38,000. Swiss National Bank boosted its holdings in Doma by 7.4% during the 1st quarter. Swiss National Bank now owns 266,900 shares of the company’s stock valued at $579,000 after acquiring an additional 18,300 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Doma during the 2nd quarter valued at about $91,000. Finally, Alliancebernstein L.P. boosted its holdings in Doma by 50.3% during the 4th quarter. Alliancebernstein L.P. now owns 60,100 shares of the company’s stock valued at $27,000 after acquiring an additional 20,100 shares during the period. 20.67% of the stock is currently owned by hedge funds and other institutional investors.

Doma Stock Performance

NYSE DOMA opened at $6.05 on Thursday. The stock has a market cap of $84.02 million, a PE ratio of -0.64 and a beta of 1.85. Doma has a twelve month low of $3.86 and a twelve month high of $11.49. The stock has a fifty day simple moving average of $4.89 and a 200-day simple moving average of $4.80.

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

Doma Company Profile

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.