HGSH Stock
HGSH Stock

Doma Holdings Inc. (DOMA) stock surged around 12% in the current market trading session at the price of $5.52 despite no fundamental updates.   

DOMA is transforming the future of real estate trades. The company uses proprietary technology solutions and machine intelligence to reform residential real estate, making closings rapid and inexpensive.  

CDO Andy Mahdavi Nominated as 2021 Tech Trendsetter 

On 1st December 2021, DOMA reported the nomination of Chief Data Science Officer Andy Mahdavi as a 2021 Tech Trendsetter by HousingWire. The third annual list recognizes the most ingenious and impactful technology leaders administering the housing economy.  

HousingWire’s 2021 Tech Trendsetters includes the top technology leaders who have been critical in introducing creative tech solutions for housing industry clients. The award nominates the leaders who drive innovation for their mortgage and real estate consumers. HousingWire’s editorial selection board had chosen the Tech Trendsetters based on their dynamic contributions to their organizations.   

Management Comments  

Chief Data Science Officer of DOMA, Andy Mahdavi, remarked that this is an exciting opportunity to design technology that drives such transformation in the market. Homeowners in the United States are shutting their mortgages reliably through technology enabled by their machine learning algorithms. He is honored to get recognition for this accomplishment among other competent technology leaders.

Editor and Chief of HousingWire, Sarah Wheeler, remarked that this annual list of Tech Trendsetters has once again proven to be the motivating factor behind the digital transformation. This impressive list of nominees is discovering solutions for some complex challenges of the industry. These leaders are working on improving the borrower’s journey and simplifying each step of the real estate transaction process. 

DOMA Third Quarter 2021 Financial Results 

On 10th November 2021, DOMA published its financial results and operating data for the third quarter and nine months of 2021. DOMA calculated revenues of $163 million for the Q3 ended 30th September 2021. It represents a 34% gain from the Q3 of 2020. Gross profit for the third quarter of 2021 is $28 million. It represents a gain of 7% from last year same quarter. For the third quarter of 2021, the company has an adjusted gross profit of $30 million. It is up 10%, compared to the third quarter of 2020. 

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