Doma (NYSE:DOMA) Upgraded at Zacks Investment Research
Doma (NYSE:DOMA – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a 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. “
Several other equities research analysts have also commented on DOMA. DA Davidson reduced their price target on shares of Doma from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, April 12th. BTIG Research assumed coverage on shares of Doma in a report on Wednesday, February 2nd. They set a “neutral” rating for the company. Oppenheimer lowered shares of Doma from an “outperform” rating to a “market perform” rating in a report on Monday, May 16th. Finally, Compass Point initiated coverage on shares of Doma in a report on Wednesday, May 25th. They issued a “neutral” rating and a $2.00 target price for the company. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.80.
Doma stock traded up $0.13 during mid-day trading on Monday, reaching $1.88. The stock had a trading volume of 63,337 shares, compared to its average volume of 1,529,134. The company has a market capitalization of $608.94 million, a price-to-earnings ratio of -0.79 and a beta of 1.02. The company has a 50-day moving average price of $1.92 and a two-hundred day moving average price of $3.47. Doma has a one year low of $1.28 and a one year high of $10.00.
A number of large investors have recently modified their holdings of DOMA. Foundation Capital LLC acquired a new stake in Doma in the 4th quarter valued at about $174,021,000. Eminence Capital LP raised its holdings in Doma by 25.9% during the first quarter. Eminence Capital LP now owns 12,491,449 shares of the company’s stock worth $27,106,000 after purchasing an additional 2,571,795 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Doma by 105.9% in the first quarter. Vanguard Group Inc. now owns 7,160,061 shares of the company’s stock worth $15,537,000 after acquiring an additional 3,683,441 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Doma by 24.4% in the fourth quarter. BlackRock Inc. now owns 2,809,703 shares of the company’s stock worth $14,274,000 after acquiring an additional 551,701 shares during the last quarter. Finally, SB Management Ltd acquired a new position in shares of Doma in the third quarter worth $19,768,000. Institutional investors own 55.82% of the company’s stock.
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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