Doma Holdings slides to lowest ever after weak outlook, bigger loss

Doma Holdings

18/02/2022 20:52

** Real estate technology company's shares  DOMA.N  slide as
much as 34.7% to lowest ever of $2.20
    ** Company, which reported quarterly earnings after markets
closed on Thursday, currently top pct loser among NYSE-listed
stocks; DOMA seeing worst day ever
    ** Company expects to post gross profit of $118 mln-$136 mln
for FY22, vs est $188.35 mln - Refinitiv IBES
    ** DOMA sees adj EBITDA loss between $90 mln and $70 mln for
FY22 vs est of a loss $47.5 mln; company expects to be adj
EBITDA positive in 2023
    ** Q4 net loss widened to $43.73 mln from $8.56 mln a year
earlier
    ** Total revenue up 17% y/y to $138 mln
    ** At least 2 brokerages cut PT on company's stock, with
Oppenheimer at a Wall Street low of $5
    ** 3 of 4 brokerages rate the stock "buy" or higher and 1
"hold"; median PT $7.50 vs $14 a month earlier
    ** YTD, DOMA down 53.2%

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))