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

Doma Holdings Inc. (NYSE:DOMAGet Free Report) saw some unusual options trading on Wednesday. Stock investors acquired 2,535 call options on the company. This represents an increase of approximately 1,660% compared to the typical daily volume of 144 call options.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Doma stock. Renaissance Technologies LLC lifted its holdings in shares of Doma Holdings Inc. (NYSE:DOMAFree Report) by 21.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 54,407 shares of the company’s stock after acquiring an additional 9,600 shares during the period. Renaissance Technologies LLC owned approximately 0.39% of Doma worth $330,000 as of its most recent filing with the SEC. 20.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JMP Securities restated a “market perform” rating on shares of Doma in a report on Thursday, May 23rd.

View Our Latest Analysis on DOMA

Doma Stock Performance

Shares of NYSE DOMA opened at $6.07 on Thursday. The stock has a market cap of $84.98 million, a price-to-earnings ratio of -0.79 and a beta of 1.58. Doma has a 52 week low of $3.86 and a 52 week high of $6.21. The business has a 50 day simple moving average of $6.05 and a 200 day simple moving average of $5.84.

Doma (NYSE:DOMAGet Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($1.29) EPS for the quarter. Doma had a negative net margin of 28.68% and a negative return on equity of 2,120.08%. The company had revenue of $77.65 million for the quarter.

About Doma

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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.

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