UWM Holdings Corporation (NYSE:UWMC) Receives Average Rating of “Hold” from Analysts

Shares of UWM Holdings Corporation (NYSE:UWMC) have earned an average rating of “Hold” from the ten research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $6.5313.

Several analysts have issued reports on UWMC shares. Keefe, Bruyette & Woods upped their price objective on UWM from $6.50 to $6.75 and gave the company a “market perform” rating in a research note on Thursday, December 18th. UBS Group lifted their price target on shares of UWM from $5.50 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. The Goldman Sachs Group set a $5.00 price target on shares of UWM in a research note on Tuesday, January 6th. Wall Street Zen downgraded shares of UWM from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 15th. Finally, Jefferies Financial Group assumed coverage on UWM in a research report on Friday, December 19th. They set a “hold” rating and a $5.00 price target for the company.

UWM Stock Up 4.0%

NYSE:UWMC opened at $4.89 on Friday. UWM has a 12 month low of $3.80 and a 12 month high of $7.14. The company’s 50-day moving average price is $5.12 and its two-hundred day moving average price is $5.44. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.45 and a current ratio of 1.45.

Insider Activity

In related news, CEO Ishbia Mat sold 632,874 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $4.66, for a total value of $2,949,192.84. Following the transaction, the chief executive officer owned 2,426,525 shares of the company’s stock, valued at $11,307,606.50. This trade represents a 20.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders sold 20,602,535 shares of company stock valued at $107,268,823. 87.50% of the stock is owned by company insiders.

Institutional Trading of UWM

Hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP grew its position in UWM by 5,681.9% in the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after buying an additional 4,091 shares during the last quarter. GAMMA Investing LLC grew its position in shares of UWM by 408.7% during the third quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock worth $33,000 after buying an additional 4,344 shares in the last quarter. Advisory Services Network LLC acquired a new position in UWM in the third quarter valued at approximately $38,000. Raymond James Financial Inc. acquired a new position in shares of UWM during the second quarter valued at $35,000. Finally, Farther Finance Advisors LLC grew its stake in shares of UWM by 1,410.7% in the 4th quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock worth $38,000 after purchasing an additional 8,027 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company’s stock.

About UWM

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.