Finance of America Companies (NYSE:FOA) Stock Rating Upgraded by Wall Street Zen

Finance of America Companies (NYSE:FOA) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Other analysts have also recently issued research reports about the stock. B. Riley Financial assumed coverage on shares of Finance of America Companies in a research report on Thursday. They issued a “buy” rating and a $22.50 price target for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Finance of America Companies in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Finance of America Companies Stock Up 0.2%

Shares of FOA stock opened at $17.76 on Monday. Finance of America Companies has a one year low of $15.77 and a one year high of $29.58. The company has a debt-to-equity ratio of 47.80, a current ratio of 2.67 and a quick ratio of 2.67. The stock has a fifty day moving average price of $19.62 and a 200 day moving average price of $21.86. The stock has a market cap of $151.86 million, a P/E ratio of 9.11 and a beta of 1.70.

Finance of America Companies (NYSE:FOA) last announced its quarterly earnings results on Tuesday, March 10th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.04. The firm had revenue of $73.51 million for the quarter, compared to analyst estimates of $109.45 million. Finance of America Companies had a net margin of 9.09% and a return on equity of 10.30%. Analysts predict that Finance of America Companies will post 0.75 earnings per share for the current year.

Insider Activity at Finance of America Companies

In other Finance of America Companies news, CAO Tai A. Thornock sold 1,100 shares of the business’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $24.58, for a total value of $27,038.00. Following the completion of the transaction, the chief accounting officer directly owned 10,650 shares of the company’s stock, valued at approximately $261,777. The trade was a 9.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CIO Jeremy Prahm sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $17.50, for a total transaction of $105,000.00. Following the transaction, the executive owned 167,294 shares in the company, valued at $2,927,645. The trade was a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,200,134 shares of company stock worth $32,067,351 in the last 90 days. Corporate insiders own 25.00% of the company’s stock.

Institutional Trading of Finance of America Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC boosted its position in Finance of America Companies by 59.3% in the 4th quarter. Squarepoint Ops LLC now owns 33,749 shares of the company’s stock valued at $817,000 after buying an additional 12,560 shares during the last quarter. State of Wisconsin Investment Board raised its position in shares of Finance of America Companies by 122.5% during the fourth quarter. State of Wisconsin Investment Board now owns 28,550 shares of the company’s stock worth $691,000 after acquiring an additional 15,719 shares during the last quarter. HRT Financial LP raised its position in shares of Finance of America Companies by 115.3% during the fourth quarter. HRT Financial LP now owns 26,612 shares of the company’s stock worth $644,000 after acquiring an additional 14,252 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Finance of America Companies by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,241 shares of the company’s stock valued at $442,000 after acquiring an additional 1,397 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of Finance of America Companies during the third quarter valued at $368,000. Institutional investors and hedge funds own 97.20% of the company’s stock.

Finance of America Companies Company Profile

Finance of America Companies (NYSE: FOA) is a diversified nonbank financial services firm specializing in mortgage and insurance products for consumers. The company operates across multiple business segments, delivering home financing solutions, retirement products and specialized lending services through a blend of digital and traditional distribution channels.

In its mortgage segment, FOA originates and purchases a range of home loans including purchase, refinance, FHA, VA and USDA loans.