Doma Holdings price target lowered to $50 from $75 at JMP Securities

JMP Securities lowered the firm’s price target on Doma Holdings to $50 from $75 and keeps an Outperform rating on the shares. Doma’s Q2 results beat on the top line but missed slightly on the bottom line, but management remains cautiously optimistic that Doma will achieve adjusted EBITDA profitability in 2023, the analyst tells investors in a research note.