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

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Citigroup increased their price target on shares of Doma from $6.00 to $6.29 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. JMP Securities reissued a “market outperform” rating and set a $20.00 price objective on shares of Doma in a research report on Monday.

Doma Stock Performance

Shares of DOMA stock opened at $6.05 on Thursday. Doma has a one year low of $3.86 and a one year high of $11.49. The company’s 50-day moving average is $4.89 and its 200 day moving average is $4.80. The company has a market capitalization of $84.02 million, a price-to-earnings ratio of -0.64 and a beta of 1.85.

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

Institutional Trading of Doma

A number of institutional investors have recently made changes to their positions in DOMA. Vanguard Group Inc. boosted its holdings in shares of Doma by 105.9% during the 1st quarter. Vanguard Group Inc. now owns 7,160,061 shares of the company’s stock valued at $15,537,000 after acquiring an additional 3,683,441 shares during the last quarter. FMR LLC boosted its holdings in shares of Doma by 24.1% during the 1st quarter. FMR LLC now owns 9,637,338 shares of the company’s stock valued at $3,927,000 after acquiring an additional 1,870,914 shares during the last quarter. State Street Corp boosted its holdings in shares of Doma by 182.2% during the 2nd quarter. State Street Corp now owns 2,236,439 shares of the company’s stock valued at $2,304,000 after acquiring an additional 1,443,799 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Doma by 298.4% in the 2nd quarter. Northern Trust Corp now owns 1,329,035 shares of the company’s stock worth $1,369,000 after purchasing an additional 995,420 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Doma by 208.5% in the 2nd quarter. Renaissance Technologies LLC now owns 796,900 shares of the company’s stock worth $821,000 after purchasing an additional 538,600 shares during the period. Hedge funds and other institutional investors own 20.67% of the company’s stock.

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.