Investors Purchase High Volume of Doma Call Options (NYSE:DOMA)

Doma Holdings Inc. (NYSE:DOMA) was the target of some unusual options trading on Wednesday. Investors bought 2,535 call options on the stock. This is an increase of approximately 1,660% compared to the average daily volume of 144 call options.

Hedge Funds Weigh In On Doma

Hedge funds have recently bought and sold shares of the business. Alliancebernstein L.P. raised its position in Doma by 50.3% in the 4th quarter. Alliancebernstein L.P. now owns 60,100 shares of the company’s stock worth $27,000 after buying an additional 20,100 shares during the last quarter. Barclays PLC grew its stake in shares of Doma by 90.6% during the 1st quarter. Barclays PLC now owns 71,079 shares of the company’s stock valued at $29,000 after purchasing an additional 33,787 shares during the period. BNP Paribas Arbitrage SNC bought a new stake in shares of Doma during the 3rd quarter valued at about $30,000. HighTower Advisors LLC bought a new stake in shares of Doma during the 1st quarter valued at about $38,000. Finally, American International Group Inc. bought a new stake in shares of Doma during the 2nd quarter valued at about $66,000. Hedge funds and other institutional investors own 23.07% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JMP Securities lowered their price target on Doma from $50.00 to $25.00 and set a “market outperform” rating for the company in a research report on Friday, October 13th.

Doma Stock Performance

Shares of NYSE:DOMA opened at $5.92 on Thursday. Doma has a fifty-two week low of $3.86 and a fifty-two week high of $23.60. The business has a 50-day simple moving average of $4.80 and a two-hundred day simple moving average of $6.20. The firm has a market cap of $79.56 million, a price-to-earnings ratio of -0.37 and a beta of 1.48.

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.