Investors Buy Large Volume of Doma Call Options (NYSE:DOMA)

Doma Holdings Inc. (NYSE:DOMA) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 2,535 call options on the company. This represents an increase of approximately 1,660% compared to the average volume of 144 call options.

Institutional Trading of Doma

A number of hedge funds and other institutional investors have recently made changes to their positions in DOMA. Vanguard Group Inc. raised its holdings in shares of Doma by 105.9% in the 1st 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 in the last quarter. FMR LLC lifted its stake in shares of Doma by 24.1% in the first quarter. FMR LLC now owns 9,637,338 shares of the company’s stock worth $3,927,000 after buying an additional 1,870,914 shares during the last quarter. State Street Corp raised its stake in 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 purchasing an additional 1,443,799 shares during the last quarter. Northern Trust Corp raised its stake in Doma by 298.4% during the 2nd quarter. Northern Trust Corp now owns 1,329,035 shares of the company’s stock valued at $1,369,000 after purchasing an additional 995,420 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Doma by 208.5% in the 2nd quarter. Renaissance Technologies LLC now owns 796,900 shares of the company’s stock valued at $821,000 after buying an additional 538,600 shares during the period. 20.67% of the stock is currently owned by institutional investors.

Doma Price Performance

Shares of DOMA stock opened at $6.04 on Friday. The firm has a market cap of $83.90 million, a P/E ratio of -0.64 and a beta of 1.85. Doma has a 1-year low of $3.86 and a 1-year high of $11.49. The firm has a fifty day moving average of $4.92 and a two-hundred day moving average of $4.81.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DOMA shares. 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 issued a $20.00 target price on shares of Doma in a research note on Monday.

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.