DA Davidson cuts Doma (NYSE:DOMA) target price to $2.50

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Doma (NYSE: DOMA – Get a Note) saw its target price reduced by analysts at DA Davidson from $4.25 to $2.50 in a report on Wednesday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s target price indicates a potential upside of 166.47% from the stock’s previous close.

DOMA has been the subject of several other reports. Compass Point took over Doma’s coverage in a Wednesday, May 25 research note. They issued a “neutral” rating and a price target of $2.00 for the company. Oppenheimer downgraded Doma from an “outperforming” rating to a “market performance” rating in a Monday, May 16 research note. Three investment analysts gave the stock a hold rating and two gave the company a buy rating. Based on data from MarketBeat, Doma has an average rating of “Hold” and a consensus target price of $6.63.

Doma Price Performance

DOMA shares opened at $0.94 on Wednesday. The stock has a 50-day simple moving average of $1.06 and a 200-day simple moving average of $1.91. Doma has a 1-year low of $0.69 and a 1-year high of $9.29. The company has a market capitalization of $304.64 million, a price-earnings ratio of -1.65 and a beta of 1.05.

Doma (NYSE:DOMA – Get Rating) last released its quarterly earnings data on Tuesday, May 10. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.05). Doma had a negative net margin of 34.81% and a negative return on equity of 59.07%. The company posted revenue of $112.21 million in the quarter, compared to analyst estimates of $119.10 million. Analysts expect Doma to post -0.11 earnings per share for the current fiscal year.

Insider buying and selling at Doma

In other Doma news, CEO Maxwell Simkoff sold 76,185 shares of the company in a trade on Thursday, August 4. The stock was sold at an average price of $0.81, for a total value of $61,709.85. Following the completion of the sale, the CEO now directly owns 47,977,090 shares of the company, valued at approximately $38,861,442.90. The sale was disclosed in a document filed with the SEC, accessible via this link. 33.50% of the shares are held by insiders of the company.

Hedge funds weigh on Doma

A number of hedge funds have recently changed their holdings in DOMA. Foundation Capital LLC purchased a new Doma stock position during Q4 worth $174,021,000. Vanguard Group Inc. increased its holdings of Doma shares by 105.9% during the 1st quarter. Vanguard Group Inc. now owns 7,160,061 shares of the company worth $15,537,000 after purchasing an additional 3,683,441 shares during the period. Eminence Capital LP increased its holdings of Doma shares by 25.9% during the 1st quarter. Eminence Capital LP now owns 12,491,449 shares of the company worth $27,106,000 after purchasing an additional 2,571,795 shares during the period. Commonwealth Equity Services LLC bought a new stock position in Doma during Q1 worth $1,523,000. Finally, HST Ventures LLC bought a new stock position in Doma during Q4 worth $2,488,000. 55.82% of the shares are currently held by hedge funds and other institutional investors.

About Doma

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Doma Holdings Inc originates, underwrites and provides title, escrow and settlement services to owners, lenders, title agents and real estate professionals. It operates through two segments, Distribution and Underwriting. The Company is also engaged in the underwriting business of title insurance, including referred policies through its direct agents and third-party agent channels; and provides services in the areas of purchase and refinancing transactions in the residential real estate market.

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