Home Point Capital Inc. (NASDAQ:HMPT) Given Consensus Recommendation of “Hold” by Analysts

Home Point Capital Inc. (NASDAQ:HMPTGet Rating) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $2.53.

HMPT has been the subject of a number of recent research reports. Piper Sandler decreased their price objective on Home Point Capital to $2.50 in a research report on Wednesday, November 16th. UBS Group set a $2.00 target price on Home Point Capital in a research note on Wednesday, November 23rd. Morgan Stanley cut their target price on Home Point Capital from $3.50 to $1.25 and set an “equal weight” rating for the company in a research note on Friday, December 16th. Wedbush raised Home Point Capital from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $4.00 to $1.50 in a research note on Friday, November 11th. Finally, The Goldman Sachs Group cut their target price on Home Point Capital from $3.00 to $1.50 and set a “sell” rating for the company in a research note on Tuesday, October 4th.

Hedge Funds Weigh In On Home Point Capital

Several hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in Home Point Capital by 28.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 22,007 shares of the company’s stock valued at $68,000 after purchasing an additional 4,939 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Home Point Capital by 6.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 96,756 shares of the company’s stock valued at $149,000 after purchasing an additional 5,678 shares in the last quarter. State Street Corp increased its stake in Home Point Capital by 10.9% in the 2nd quarter. State Street Corp now owns 85,102 shares of the company’s stock valued at $334,000 after purchasing an additional 8,392 shares in the last quarter. Zebra Capital Management LLC purchased a new position in Home Point Capital in the 1st quarter valued at approximately $37,000. Finally, SMH Capital Advisors Inc. purchased a new position in Home Point Capital in the 2nd quarter valued at approximately $306,000. 94.01% of the stock is owned by hedge funds and other institutional investors.

Home Point Capital Stock Down 2.3 %

Home Point Capital stock opened at $1.67 on Tuesday. Home Point Capital has a twelve month low of $0.99 and a twelve month high of $4.73. The stock has a 50 day moving average of $1.50 and a two-hundred day moving average of $2.18. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 2.83. The stock has a market capitalization of $231.10 million, a price-to-earnings ratio of -2.14 and a beta of 1.14.

Home Point Capital (NASDAQ:HMPTGet Rating) last posted its quarterly earnings data on Thursday, November 10th. The company reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.35). Home Point Capital had a negative return on equity of 24.71% and a negative net margin of 25.78%. The company had revenue of $8.30 million for the quarter, compared to analyst estimates of $73.78 million. As a group, research analysts expect that Home Point Capital will post -1.41 earnings per share for the current year.

About Home Point Capital

(Get Rating)

Home Point Capital Inc, together with its subsidiaries, operates as a residential mortgage originator and service provider. It operates through two segments, Origination and Servicing. The Origination segment sources loans through direct, wholesale, and correspondent channels. The Servicing segment offers collecting loan payments; remitting principal and interest payments to investors; managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance; and performing loss mitigation activities on behalf of investors and administering mortgage loans.

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Analyst Recommendations for Home Point Capital (NASDAQ:HMPT)

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