Doma Sees Unusually High Options Volume (NYSE:DOMA)

Doma Holdings Inc. (NYSE:DOMA) saw unusually large options trading on Wednesday. Stock traders bought 2,535 call options on the company. This represents an increase of 1,660% compared to the average volume of 144 call options.

Hedge Funds Weigh In On Doma

A hedge fund recently raised its stake in Doma stock. Vanguard Group Inc. raised its stake in shares of Doma Holdings Inc. (NYSE:DOMA) by 8.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 559,431 shares of the company’s stock after acquiring an additional 43,422 shares during the quarter. Vanguard Group Inc. owned approximately 4.03% of Doma worth $2,540,000 at the end of the most recent quarter. 20.67% of the stock is owned by hedge funds and other institutional investors.

Doma Price Performance

Shares of DOMA opened at $6.04 on Friday. Doma has a 12 month low of $3.86 and a 12 month high of $9.40. The stock’s 50-day moving average is $6.00 and its two-hundred day moving average is $5.33. The stock has a market cap of $84.62 million, a PE ratio of -0.79 and a beta of 1.58.

Doma (NYSE:DOMA) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($1.42) EPS for the quarter. Doma had a negative return on equity of 2,120.08% and a negative net margin of 32.57%. The company had revenue of $66.07 million for the quarter.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JMP Securities reiterated a “market perform” rating on shares of Doma in a report on Thursday, May 23rd. Citigroup boosted their price objective 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.

About Doma

Doma Holdings Inc issues residential and commercial title insurance for purchase and refinance transactions in the United States. It operates through two segments, Underwriting; and Corporate and Other. The company offers title insurance underwriting, including policies referred to through its third-party agents' channel; and other insurance services for the residential real estate market.