Doma Holdings Inc. (DOMA) gained 8.32% at $5.34 in the after-hours on December 15. In the prior regular session, the stock was trading in the red, losing 2.76% at the closing price of $4.93. The stock saw 28% more volume than its 65-day average in the regular session.
DOMA stock seems to have rebounded in the after-hours, as it started trading in the green with a gain of $0.41. No recent news from the company is responsible for the drive in the stock.
The title, escrow, and settlement services provider in the real estate industry, Doma Holdings Inc. was founded in 2016. Currently, its 322.57 million outstanding shares trade at a market capitalization of $1.64 billion.
Recent Developments
On December 02, the company disclosed that its Chief Data Science Officer, Andy Mahdavi is named 2021 HousingWire Tech Trendsetter. The third annual list by HousingWire is comprised of the most impactful and innovative tech leaders in the housing industry.
Madhavi, who comes with a vast experience of more than two decades, along with his team work tirelessly for bringing innovations in the housing industry. They are doing so by utilizing machine intelligence for producing technology-first solutions that are uniquely differentiated.
Moreover, Doma has been returning the majority of title commitments in about one minute through its intelligence platform. In comparison, the industry standard for the transaction is 3-5 days, with even a week to 45 days’ cases.
DOMA’s Participations
Recently, the company was featured in two conferences. At the KBW Innovation in Finance Conference, Doma’s CEO Max Simkoff spoke on The Race to Digitize the Homeownership. The conference was held on Tuesday, December 07, 2021.
Further, the CEO also led a panel discussion at the JMP Securities Financial Services and Real Estate Conference. The conference took place on Thursday, November 18. Moreover, Simkoff helped lead the panel on Transforming the Home Buying/Ownership Experience.
DOMA’s Financials
On November 11, Doma announced its third-quarter financial results for 2021. In the Q3 of 2021, the company’s total revenue increased 34% year-over-year to $163 million. The total revenue in the year-ago quarter was $121 million.
Moreover, the adjusted gross profit showed an increase of 10% year-over-year to $30 million in the third quarter of 2021.
Furthermore, Doma closed orders of 35,300 in the third quarter of 2021. Whereas, this shows an increase of 39% against the third quarter of 2020.
