Doma (NYSE:DOMA – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, Zacks.com reports.
According to Zacks, “Doma Holdings Inc. is using machine intelligence and its proprietary technology solutions for real estate closing experience for current and prospective homeowners, lenders, title agents, and real estate professionals. Doma Holdings Inc., formerly known as Capitol Investment Corp. V, is based in SAN FRANCISCO. “
A number of other research analysts have also recently commented on DOMA. DA Davidson cut their price target on shares of Doma from $14.00 to $7.50 and set a “buy” rating on the stock in a report on Friday, February 18th. BTIG Research initiated coverage on shares of Doma in a report on Wednesday, February 2nd. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $10.88.
Shares of NYSE DOMA traded down $0.02 during mid-day trading on Monday, reaching $1.84. The company had a trading volume of 1,954,690 shares, compared to its average volume of 1,722,635. The stock’s 50-day moving average price is $2.62. Doma has a 52 week low of $1.74 and a 52 week high of $10.03.
Doma (NYSE:DOMA – Get Rating) last posted its quarterly earnings results on Thursday, February 17th. The company reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.02). The firm had revenue of $137.68 million for the quarter, compared to analysts’ expectations of $124.40 million. Research analysts forecast that Doma will post -0.08 earnings per share for the current year.
In other news, Director Mark Ein purchased 332,970 shares of the stock in a transaction dated Wednesday, February 23rd. The shares were acquired at an average cost of $2.40 per share, for a total transaction of $799,128.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
Several large investors have recently added to or reduced their stakes in the company. ETF Managers Group LLC purchased a new position in shares of Doma in the 4th quarter valued at approximately $25,000. Close Asset Management Ltd purchased a new position in shares of Doma in the 3rd quarter valued at approximately $59,000. Penserra Capital Management LLC purchased a new position in shares of Doma in the 3rd quarter valued at approximately $59,000. Credit Suisse AG purchased a new position in shares of Doma in the 3rd quarter valued at approximately $81,000. Finally, Ensign Peak Advisors Inc purchased a new position in shares of Doma in the 4th quarter valued at approximately $56,000. Institutional investors and hedge funds own 16.36% of the company’s stock.
Doma Company Profile (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.
Read More
Get a free copy of the Zacks research report on Doma (DOMA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Doma Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Doma and related companies with MarketBeat.com’s FREE daily email newsletter.