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

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

Doma Stock Performance

DOMA opened at $6.04 on Friday. The stock has a market capitalization of $83.90 million, a PE ratio of -0.64 and a beta of 1.85. The stock’s 50 day moving average price is $4.92 and its 200-day moving average price is $4.81. Doma has a 52-week low of $3.86 and a 52-week high of $11.49.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC bought a new position in Doma in the first quarter valued at about $38,000. Y Intercept Hong Kong Ltd purchased a new stake in Doma in the second quarter worth about $91,000. Bridgeway Capital Management LLC purchased a new stake in Doma in the fourth quarter worth about $116,000. Northern Trust Corp purchased a new stake in Doma in the fourth quarter worth about $140,000. Finally, Citigroup Inc. increased its position in Doma by 17.9% in the first quarter. Citigroup Inc. now owns 52,845 shares of the company’s stock worth $115,000 after buying an additional 8,020 shares in the last quarter. Institutional investors own 20.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DOMA shares. JMP Securities reiterated a “market outperform” rating and set a $20.00 price target on shares of Doma in a research report on Monday. Citigroup boosted their target price on Doma from $6.00 to $6.29 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd.

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.