Is Doma Stock a Good Long-Term Investment?

Doma Holdings (NYSE: DOMA) is one of the many firms that went public this year through a merger with a special purpose acquisition company (SPAC). Management has high aspirations for the company, but external factors related to fears of inflation (which can cause interest rates to rise) and the omicron coronavirus variant have helped depress the stock price since the merger.

Despite this, Doma's underlying business is sound. The company's business model involves the use of technology to streamline real estate transactions. The real estate sector lags behind many other industries in technology adoption, creating opportunities for tech companies such as Doma to disrupt and modernize antiquated industry processes.

Image source: Getty Images.

Source Fool.com