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

Doma Holdings Inc. (NYSE:DOMAGet Free Report) was the target of unusually large options trading on Wednesday. Stock investors purchased 2,535 call options on the company. This is an increase of 1,660% compared to the typical volume of 144 call options.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JMP Securities cut their target price on Doma from $25.00 to $20.00 and set a “market outperform” rating for the company in a research note on Thursday, March 14th. Citigroup raised their price objective on Doma from $6.00 to $6.29 and gave the stock a “neutral” rating in a research report on Tuesday.

Read Our Latest Research Report on DOMA

Institutional Trading of Doma

A number of hedge funds and other institutional investors have recently modified their holdings of DOMA. Alliancebernstein L.P. boosted its holdings in Doma by 50.3% during the 4th quarter. Alliancebernstein L.P. now owns 60,100 shares of the company’s stock valued at $27,000 after acquiring an additional 20,100 shares during the period. Barclays PLC boosted its holdings in Doma by 90.6% during the 1st quarter. Barclays PLC now owns 71,079 shares of the company’s stock valued at $29,000 after acquiring an additional 33,787 shares during the period. BNP Paribas Arbitrage SNC purchased a new position in Doma during the 3rd quarter valued at about $30,000. HighTower Advisors LLC purchased a new position in Doma during the 1st quarter valued at about $38,000. Finally, American International Group Inc. purchased a new position in Doma during the 2nd quarter valued at about $66,000. 20.67% of the stock is owned by institutional investors and hedge funds.

Doma Trading Up 1.0 %

Shares of NYSE:DOMA opened at $6.12 on Thursday. The business has a 50-day moving average price of $4.50 and a 200 day moving average price of $4.69. The company has a market capitalization of $82.23 million, a price-to-earnings ratio of -0.65 and a beta of 1.85. Doma has a 12-month low of $3.86 and a 12-month high of $11.49.

Doma Company Profile

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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.

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