UWM (NYSE:UWMC) Rating Reiterated by JMP Securities

UWM (NYSE:UWMCGet Rating)‘s stock had its “buy” rating reaffirmed by equities researchers at JMP Securities in a report released on Thursday, MarketBeat.com reports. They currently have a $5.00 target price on the stock, down from their previous target price of $6.00. JMP Securities’ target price would indicate a potential upside of 22.85% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Credit Suisse Group decreased their price objective on shares of UWM to $4.00 and set a “neutral” rating for the company in a report on Thursday, May 19th. Piper Sandler cut shares of UWM from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $5.00 to $3.00 in a report on Thursday, May 19th. The Goldman Sachs Group decreased their price target on shares of UWM from $5.25 to $4.60 and set a “neutral” rating for the company in a report on Monday, April 4th. BTIG Research assumed coverage on shares of UWM in a report on Wednesday, April 20th. They set a “neutral” rating for the company. Finally, Barclays decreased their price target on shares of UWM from $7.00 to $5.00 and set an “equal weight” rating for the company in a report on Thursday, March 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.03.

NYSE:UWMC traded up $0.12 during trading hours on Thursday, reaching $4.07. The company’s stock had a trading volume of 31,699 shares, compared to its average volume of 2,584,013. The company has a market cap of $376.61 million, a price-to-earnings ratio of 7.25 and a beta of 1.05. UWM has a one year low of $3.38 and a one year high of $10.98. The business’s 50-day moving average is $4.02 and its 200-day moving average is $5.08. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.85 and a quick ratio of 1.85.

UWM (NYSE:UWMCGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.14. UWM had a net margin of 2.78% and a return on equity of 13.31%. During the same period in the previous year, the firm earned $0.71 earnings per share. On average, sell-side analysts predict that UWM will post 0.15 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Rafferty Asset Management LLC raised its position in UWM by 7.5% in the fourth quarter. Rafferty Asset Management LLC now owns 47,845 shares of the company’s stock worth $283,000 after purchasing an additional 3,347 shares in the last quarter. BlackRock Inc. raised its position in UWM by 59.0% in the third quarter. BlackRock Inc. now owns 3,167,267 shares of the company’s stock worth $22,013,000 after purchasing an additional 1,175,617 shares in the last quarter. Credit Suisse AG raised its position in UWM by 9.6% in the third quarter. Credit Suisse AG now owns 65,577 shares of the company’s stock worth $456,000 after purchasing an additional 5,725 shares in the last quarter. WealthPLAN Partners LLC acquired a new position in UWM in the fourth quarter worth about $52,000. Finally, Teacher Retirement System of Texas raised its position in UWM by 28.5% in the third quarter. Teacher Retirement System of Texas now owns 14,959 shares of the company’s stock worth $104,000 after purchasing an additional 3,320 shares in the last quarter. 33.06% of the stock is owned by hedge funds and other institutional investors.

About UWM (Get Rating)

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.

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