Doma Target of Unusually Large 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 stock. This is an increase of 1,660% compared to the typical daily volume of 144 call options.

Institutional Investors Weigh In On Doma

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Doma by 105.9% in the first quarter. Vanguard Group Inc. now owns 7,160,061 shares of the company’s stock worth $15,537,000 after purchasing an additional 3,683,441 shares during the last quarter. FMR LLC grew its holdings in Doma by 24.1% during the first quarter. FMR LLC now owns 9,637,338 shares of the company’s stock worth $3,927,000 after acquiring an additional 1,870,914 shares during the period. State Street Corp grew its holdings in Doma by 182.2% during the second quarter. State Street Corp now owns 2,236,439 shares of the company’s stock worth $2,304,000 after acquiring an additional 1,443,799 shares during the period. Northern Trust Corp grew its holdings in Doma by 298.4% during the second quarter. Northern Trust Corp now owns 1,329,035 shares of the company’s stock worth $1,369,000 after acquiring an additional 995,420 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Doma by 208.5% during the second quarter. Renaissance Technologies LLC now owns 796,900 shares of the company’s stock worth $821,000 after acquiring an additional 538,600 shares during the period. 20.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on DOMA shares. Citigroup increased 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. JMP Securities reissued a “market outperform” rating and set a $20.00 price target on shares of Doma in a research report on Monday.

Doma Price Performance

Shares of DOMA stock opened at $6.05 on Thursday. Doma has a 1-year low of $3.86 and a 1-year high of $11.49. The stock’s 50-day moving average is $4.89 and its 200 day moving average is $4.80. The company has a market cap of $84.02 million, a P/E ratio of -0.64 and a beta of 1.85.

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

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.