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Doma Holdings Inc. (NYSE:DOMA – Get Rating) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totalling 2,580,000 shares, a growth of 24.0% from the April 15th total of 2,080,000 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,630,000 shares, the days-to-cover ratio is currently 1.6 days.
Several research analysts recently weighed in on DOMA shares. DA Davidson decreased their target price on Doma from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, April 12th. Oppenheimer lowered Doma from an “outperform” rating to a “market perform” rating in a research report on Monday. BTIG Research assumed coverage on Doma in a research report on Wednesday, February 2nd. They issued a “neutral” rating for the company. Finally, Zacks Investment Research lowered Doma from a “hold” rating to a “sell” rating in a research report on Monday, April 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.50.
Doma stock traded down $0.09 during mid-day trading on Wednesday, hitting $1.70. The company’s stock had a trading volume of 954,837 shares, compared to its average volume of 1,528,317. The firm’s 50 day moving average is $1.99 and its 200 day moving average is $3.77. The company has a market cap of $550.63 million, a PE ratio of -0.75 and a beta of 1.02. Doma has a 52-week low of $1.28 and a 52-week high of $10.00.
Doma (NYSE:DOMA – Get Rating) last announced its quarterly earnings data on Thursday, February 17th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.02). The business had revenue of $137.68 million during the quarter, compared to analysts’ expectations of $124.40 million. Doma had a negative return on equity of 66.99% and a negative net margin of 27.90%. As a group, equities analysts forecast that Doma will post -0.08 earnings per share for the current fiscal year.
In other news, Director Mark Ein bought 332,970 shares of the firm’s stock in a transaction that occurred on Wednesday, February 23rd. The stock was acquired at an average price of $2.40 per share, with a total value of $799,128.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of institutional investors have recently made changes to their positions in DOMA. ETF Managers Group LLC purchased a new stake in Doma in the 4th quarter worth about $25,000. CTC Capital Management LLC purchased a new stake in Doma in the 1st quarter worth about $29,000. HighTower Advisors LLC purchased a new stake in shares of Doma during the 1st quarter worth about $38,000. Gs Investments Inc. purchased a new stake in shares of Doma during the 1st quarter worth about $49,000. Finally, Miracle Mile Advisors LLC purchased a new stake in shares of Doma during the 1st quarter worth about $50,000. 55.82% of the stock is owned by hedge funds and other institutional investors.
About Doma (Get Rating)
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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