Zacks Investment Research Downgrades Doma (NYSE:DOMA) to Sell
Doma (NYSE:DOMA – Get Rating) was downgraded by Zacks Investment Analysis from a “hold” rating to a “sell” ranking in a report launched on Tuesday, Zacks.com studies.
According to Zacks, “Doma Holdings Inc. is applying machine intelligence and its proprietary know-how remedies for actual estate closing experience for present and possible homeowners, loan providers, title agents, and serious estate experts. Doma Holdings Inc., formerly recognized as Capitol Financial investment Corp. V, is centered in SAN FRANCISCO. “
A quantity of other research companies also just lately issued reports on DOMA. DA Davidson dropped their price tag target on Doma from $7.00 to $6.00 and set a “buy” score on the inventory in a study be aware on Tuesday, April 12th. Oppenheimer downgraded Doma from an “outperform” score to a “market perform” rating in a analysis observe on Monday, Might 16th. Last but not least, BTIG Research initiated protection on Doma in a exploration take note on Wednesday, February 2nd. They issued a “neutral” score on the stock. One particular analyst has rated the stock with a promote rating, two have assigned a maintain score and three have presented a purchase score to the business. In accordance to MarketBeat.com, the stock has a consensus ranking of “Hold” and a consensus price tag goal of $10.50.
DOMA remained flat at $$1.77 all through buying and selling on Tuesday. The company’s inventory experienced a buying and selling volume of 1,574,716 shares, in comparison to its regular quantity of 1,515,957. The business’s 50-working day moving average is $1.95 and its 200 day going average is $3.61. Doma has a 1-yr small of $1.28 and a 1-yr superior of $10.00. The firm has a market place cap of $573.31 million, a PE ratio of -.74 and a beta of 1.02.
In other Doma news, Director Mark Ein obtained 332,970 shares of the firm’s inventory in a transaction on Wednesday, February 23rd. The shares have been acquired at an normal charge of $2.40 for each share, with a overall value of $799,128.00. The acquire was disclosed in a document submitted with the Securities & Trade Fee, which can be accessed by way of the SEC internet site.
A number of hedge money have not too long ago modified their holdings of DOMA. ETF Supervisors Team LLC purchased a new placement in Doma in the fourth quarter well worth about $25,000. Penserra Funds Management LLC purchased a new posture in Doma in the third quarter well worth about $59,000. Credit history Suisse AG bought a new place in Doma in the third quarter value about $81,000. Ensign Peak Advisors Inc obtained a new placement in Doma in the fourth quarter worth about $56,000. Last but not least, Squarepoint Ops LLC obtained a new place in Doma in the fourth quarter well worth about $59,000. 55.82% of the inventory is at this time owned by hedge funds and other institutional buyers.
Doma Corporation Profile (Get Score)
Doma Holdings Inc originates, underwrites, and supplies title, escrow, and settlement companies to home owners, lenders, title brokers, and authentic estate professionals. It operates by way of two segments, Distribution and Underwriting. The corporation also engages in title insurance policies underwriting business enterprise, which includes policies referred by way of its direct agents and third-celebration agents’ channels and delivers expert services in the regions of obtain and refinance transactions in the residential true estate current market.
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