Doma Holdings Inc. (DOMA) is a real estate transactions company. The company utilizes AI-based learning techniques and its exclusive technology to reshape the residential real estate industry. It also offers solutions for modest and effective closings to the proprietors.
The price of Doma Holdings stock during the regular trading on January 5, 2022, was $3.54 with a decrease of 1.12%. At last check in the aftermarket, the stock was significantly up by 3.67%.
DOMA: Events and Happenings
On January 5, 2022, DOMA reported that its title solutions are steering the development of AdvantageFirst. The company uses its tech-driven, Intelligence platform-powered technologies for this purpose.
Doma Holdings: CEO Comments
Speaking at the occasion, the company’s CEO Max Simkoff said that he is impressed by AdvantageFirst’s efficiency gains by the implementation of its technology. He further added that AdvantageFirst is dedicated to providing a prompt, online closing experience to the consumers.
DOMA reported on December 20, 2021, about the growth of its Intelligence portfolio to different US states. The company reported on December 1, 2021, that its Chief Data Science Officer was awarded by HousingWire as the Tech Trendsetter 2021.
On November 30, 2021, Doma Holdings reported that the company’s Executives presented at the KBW Innovation in Finance Virtual Conference on December 7. On November 17, 2021, DOMA reported that the company’s Executives presented at the JMP Securities Financial Services and Real Estate Conference on November 18, 2021.
Doma Holdings: Key Financials
On November 10, 2021The company announced its financial results for the three months ended September 30, 2021. Some of the key updates are as follows.
Revenue
Total revenues in Q3, 2021 were $163 million compared to $121 million in the same period of 2020.
Net Loss per Share
Basic and diluted net loss per share in Q3, 2021 was $34.2 million or $0.14 versus $3.6 million or $0.06 in the same period the prior year.
Conclusion
Doma Holdings stock down-performed 63% from the past six months period as there is global economic recession due to the recent pandemic. The current aftermarket increase is the outcome of uncertain factors influencing the company’s stock price. The analysts are optimistic that the company’s pace of development is satisfactory.
