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Doma Holdings Inc. (NYSE:DOMA) CEO Maxwell Simkoff Sells 24,266 Shares

kopsource ·  Sep 19, 2022 06:33

Doma Holdings Inc. (NYSE:DOMA – Get Rating) CEO Maxwell Simkoff sold 24,266 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $0.56, for a total value of $13,588.96. Following the completion of the transaction, the chief executive officer now directly owns 46,933,275 shares in the company, valued at $26,282,634. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Maxwell Simkoff also recently made the following trade(s):

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  • On Tuesday, September 13th, Maxwell Simkoff sold 75,774 shares of Doma stock. The stock was sold at an average price of $0.59, for a total value of $44,706.66.
  • On Tuesday, August 23rd, Maxwell Simkoff sold 68,865 shares of Doma stock. The stock was sold at an average price of $0.72, for a total value of $49,582.80.
  • On Thursday, August 18th, Maxwell Simkoff sold 17,900 shares of Doma stock. The shares were sold at an average price of $0.85, for a total value of $15,215.00.
  • On Tuesday, August 16th, Maxwell Simkoff sold 68,334 shares of Doma stock. The shares were sold at an average price of $1.00, for a total value of $68,334.00.
  • On Tuesday, August 9th, Maxwell Simkoff sold 63,389 shares of Doma stock. The shares were sold at an average price of $0.71, for a total value of $45,006.19.
  • On Thursday, August 4th, Maxwell Simkoff sold 76,185 shares of Doma stock. The shares were sold at an average price of $0.81, for a total value of $61,709.85.

Doma Price Performance

Shares of Doma stock opened at $0.55 on Monday. The business has a 50-day moving average of $0.74 and a 200-day moving average of $1.43. The company has a market capitalization of $178.94 million, a PE ratio of -0.96 and a beta of 1.06. Doma Holdings Inc. has a 1-year low of $0.51 and a 1-year high of $9.10.

Doma (NYSE:DOMA – Get Rating) last announced its earnings results on Tuesday, August 9th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Doma had a negative net margin of 34.81% and a negative return on equity of 62.96%. The business had revenue of $123.74 million for the quarter, compared to analyst estimates of $118.60 million. On average, equities analysts expect that Doma Holdings Inc. will post -0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Doma

Several large investors have recently modified their holdings of DOMA. Advisor Group Holdings Inc. lifted its position in shares of Doma by 6,364.0% during the fourth quarter. Advisor Group Holdings Inc. now owns 16,160 shares of the company's stock worth $82,000 after purchasing an additional 15,910 shares during the last quarter. Northern Trust Corp lifted its position in shares of Doma by 10.6% during the fourth quarter. Northern Trust Corp now owns 342,257 shares of the company's stock worth $1,739,000 after purchasing an additional 32,926 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Doma during the fourth quarter worth about $110,000. Foundation Capital LLC bought a new position in shares of Doma during the fourth quarter worth about $174,021,000. Finally, ETF Managers Group LLC bought a new position in shares of Doma during the fourth quarter worth about $25,000. Institutional investors own 37.73% of the company's stock.

Analysts Set New Price Targets

DOMA has been the subject of several recent research reports. DA Davidson lowered their price target on Doma from $4.25 to $2.50 and set a "buy" rating for the company in a report on Wednesday, August 10th. Compass Point initiated coverage on Doma in a research note on Wednesday, May 25th. They set a "neutral" rating and a $2.00 target price for the company.

About Doma

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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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