Doma Holdings Inc. (DOMA) Testing Investors’ Patience Right Now

The Vanguard Group, Inc. recently announced the acquisition of new stake in Doma Holdings Inc. (NYSE:DOMA). The institutional investor has increased its shareholding in the Real Estate company by 6.72% to 12.85 million shares with purchase of 0.81 million shares. This fresh investment now brings its stake to 3.89% valued currently at $5.52 million. In addition, Fidelity Management & Research Co raised its holdings by 1.87 million to 9.48 million shares. And Geode Capital Management LLC has lifted its position by 0.08% or 2163.0 shares – to 2.73 million shares.

With over 1.32 million Doma Holdings Inc. (DOMA) shares trading Tuesday and a closing price of $0.28 on the day, the dollar volume was approximately $0.37 million. The shares have shown a negative half year performance of -36.71% and its price on 05/23/23 lost nearly -6.18%. Currently, there are 329.89M common shares owned by the public and among those 180.71M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for DOMA have a consensus price objective of $1.59. The analysts have set the share’s price value over the next 12 months at a high of $3.00 and a low of $0.35. The average price target is 82.93% above its recent price level and an upside to the estimated low will see the stock gain 20.0% over that period. But an upside of 90.67% will see the stock hit the forecast high price target while median target price for the stock is $1.50.

The top 3 mutual fund holders in Doma Holdings Inc. are Vanguard Real Estate Index Fund, Vanguard Total Stock Market ETF, and Fidelity US Equity Central Fund. Vanguard Real Estate Index Fund owns 5.04 million shares of the company’s stock, all valued at over $2.17 million. The company sold 64820.0 shares recently to bring their total holdings to about 1.53% of the shares outstanding. Fidelity US Equity Central Fund now owns shares totaling to 0.81% of the shares outstanding.

However, the script later moved the day high at 0.3260, down -6.18%. The company’s stock has a 5-day price change of -9.82% and -56.52% over the past three months. DOMA shares are trading -37.98% year to date (YTD), with the 12-month market performance down to -84.04% lower. It has a 12-month low price of $0.28 and touched a high of $2.17 over the same period. DOMA has an average intraday trading volume of 704.30K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -23.11%, -24.96%, and -44.33% respectively.

Institutional ownership of Doma Holdings Inc. (NYSE: DOMA) shares accounts for 36.70% of the company’s 329.89M shares outstanding. Mutual fund holders own 9.39%, while other institutional holders and individual stakeholders account for 9.61% and 58.47% respectively.

It has a market capitalization of $94.65M. The earnings-per-share (ttm) stands at -$0.90. The company has a debt-to-equity ratio at 3.45. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.35% over the week and 12.18% over the month.

Analysts forecast that Doma Holdings Inc. (DOMA) will achieve an EPS of -$0.05 for the current quarter, -$0.04 for the next quarter and -$0.09 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.06 while analysts give the company a high EPS estimate of -$0.04. Comparatively, EPS for the current quarter was -$0.18 a year ago. Earnings per share for the fiscal year are expected to decrease by -45.20%, and 57.10% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Doma Holdings Inc. (DOMA) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 2 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”