Doma (NYSE:DOMA) Rating Reiterated by JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Doma (NYSE:DOMA) in a research note published on Monday morning, Benzinga reports. The brokerage currently has a $20.00 target price on the stock.

Separately, Citigroup raised their price target on Doma from $6.00 to $6.29 and gave the company a neutral rating in a report on Tuesday, April 2nd.

Doma Stock Performance

Shares of NYSE DOMA opened at $6.04 on Monday. Doma has a 1-year low of $3.86 and a 1-year high of $11.49. The company has a 50-day moving average of $4.92 and a two-hundred day moving average of $4.81. The company has a market cap of $83.90 million, a PE ratio of -0.64 and a beta of 1.85.

Doma (NYSE:DOMA) last posted its quarterly earnings data on Tuesday, March 12th. The company reported ($1.22) earnings per share for the quarter. The company had revenue of $84.61 million during the quarter. Doma had a negative return on equity of 2,120.08% and a negative net margin of 38.39%.

Hedge Funds Weigh In On Doma

Hedge funds and other institutional investors have recently bought and sold shares of the business. Citigroup Inc. lifted its stake in shares of Doma by 17.9% in the 1st quarter. Citigroup Inc. now owns 52,845 shares of the company’s stock valued at $115,000 after purchasing an additional 8,020 shares during the period. HighTower Advisors LLC bought a new stake in Doma in the first quarter valued at about $38,000. Swiss National Bank lifted its stake in Doma by 7.4% in the first quarter. Swiss National Bank now owns 266,900 shares of the company’s stock valued at $579,000 after buying an additional 18,300 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Doma during the second quarter worth about $91,000. Finally, Alliancebernstein L.P. grew its position in shares of Doma by 50.3% during the 4th quarter. Alliancebernstein L.P. now owns 60,100 shares of the company’s stock worth $27,000 after buying an additional 20,100 shares during the period. 20.67% of the stock is owned by institutional investors.

About Doma

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.