Stock traders buy large volume of Doma call options (NYSE:DOMA)
Doma Holdings Inc. (NYSE:DOMA – Get Rating) saw unusual options trading on Wednesday. Traders bought 2,535 call options on the stock. This is a 1,660% increase from the typical volume of 144 call options.
DOMA shares opened at $1.80 on Thursday. Doma has a 12 month minimum of $1.68 and a 12 month maximum of $10.02. The company has a 50-day simple moving average of $2.16 and a 200-day simple moving average of $4.06.
Doma (NYSE:DOMA – Get Rating) last released its quarterly earnings data on Thursday, February 17. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analyst consensus estimates of ($0.14) by ($0.02). The company posted revenue of $137.68 million in the quarter, compared to analyst estimates of $124.40 million. Equity research analysts expect Doma to post EPS of -0.08 for the current fiscal year.
Separately, director Mark Ein purchased 332,970 shares in a trade dated Wednesday, February 23. The stock was purchased at an average cost of $2.40 per share, with a total value of $799,128.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Hedge funds have recently changed their stock holdings. Whetstone Capital Advisors LLC bought a new position in Doma during Q3 worth $5,236,000. Arizona State Retirement System bought a new position in Doma during Q4, valued at $154,000. Schonfeld Strategic Advisors LLC bought a new position in Doma during Q3 worth $727,000. Ieq Capital LLC bought a new position in Doma during Q3 worth $393,000. Finally, Beacon Investment Advisory Services Inc. bought a new position in Doma during Q3 worth $113,000. 55.82% of the shares are held by institutional investors and hedge funds.
Several equity analysts have recently commented on the company. BTIG Research supported Doma’s coverage in a Wednesday, February 2 report. They set a “neutral” rating for the company. Zacks Investment Research downgraded Doma from a “hold” rating to a “sell” rating in a Monday, April 18 report. Finally, DA Davidson lowered its target price on Doma from $7.00 to $6.00 and set a “buy” rating for the company in a Tuesday, April 12 report. One financial analyst gave the stock a sell rating, one gave the company a hold rating and four gave the company a buy rating. According to MarketBeat, the company currently has a consensus buy rating and a consensus price target of $10.50.
About Doma (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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