Stock traders buy high volume call options on Doma (NYSE:DOMA)


Doma Holdings Inc. (NYSE:DOMA – Get Rating) was the recipient of some unusual options trading activity on Wednesday. Traders bought 2,535 call options on the stock. This represents an increase of approximately 1,660% from the typical daily volume of 144 call options.

A number of equity research analysts have recently commented on the company. Compass Point supported Doma’s coverage in a Wednesday, May 25 research report. They issued a “neutral” rating and a target price of $2.00 on the stock. Oppenheimer downgraded Doma from an “outperforming” rating to a “market performing” rating in a Monday, May 16 research report. Finally, DA Davidson lowered its price target on Doma from $7.00 to $6.00 and set a “buy” rating on the stock in a Tuesday, April 12 research report. Three investment analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat.com, Doma currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.80.

Several large investors have recently changed their positions in the company. Bank of America Corp DE raised its position in Doma shares by 158.5% in the 1st quarter. Bank of America Corp DE now owns 60,052 shares of the company valued at $131,000 after buying an additional 36,818 shares last quarter. Eminence Capital LP increased its position in Doma shares by 25.9% during the 1st quarter. Eminence Capital LP now owns 12,491,449 shares of the company valued at $27,106,000 after purchasing an additional 2,571,795 shares last quarter. State Street Corp increased its position in Doma shares by 16.1% in the first quarter. State Street Corp now owns 792,640 shares of the company valued at $1,720,000 after purchasing an additional 110,065 shares last quarter. Engineers Gate Manager LP bought a new stock position in Doma during Q1 worth approximately $277,000. Finally, Graham Capital Management LP bought a new position in Doma stock during Q1 worth approximately $653,000. Hedge funds and other institutional investors hold 55.82% of the company’s shares.

Doma stock opened at $0.90 on Thursday. Doma has a 12 month minimum of $0.86 and a 12 month maximum of $10.00. The stock’s 50-day simple moving average is $1.46 and its two-hundred-day simple moving average is $2.45. The company has a market capitalization of $292.27 million, a PE ratio of -0.38 and a beta of 1.66.

Doma (NYSE:DOMA – Get Rating) last released its quarterly earnings data on Tuesday, May 10. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.05). Doma had a negative return on equity of 66.99% and a negative net margin of 27.90%. The company posted revenue of $112.21 million in the quarter, compared to $119.10 million expected by analysts. As a group, sell-side analysts expect Doma to post -0.11 earnings per share for the current fiscal year.

Doma Company Profile (Get a rating)

Doma Holdings Inc originates, underwrites and provides title, escrow and settlement services to owners, lenders, title agents and real estate professionals. It operates through two segments, Distribution and Underwriting. The Company is also engaged in the underwriting business of title insurance, including referred policies through its direct agents and third-party agent channels; and provides services in the areas of purchase and refinancing transactions in the residential real estate market.

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