Ocwen Financial Corporation (NYSE:OCN) traded up 2.5% during mid-day trading on Monday . The company traded as high as $2.08 and last traded at $2.05, with a volume of 1,513,780 shares traded. The stock had previously closed at $2.00.

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their price target on shares of Ocwen Financial Corporation from $5.00 to $3.00 and set a “market perform” rating on the stock in a report on Thursday. Zacks Investment Research raised shares of Ocwen Financial Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd. Piper Jaffray Cos. reaffirmed a “hold” rating and issued a $2.50 target price (down from $4.00) on shares of Ocwen Financial Corporation in a research report on Thursday, April 28th. Finally, Compass Point dropped their target price on shares of Ocwen Financial Corporation from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Thursday, April 28th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Ocwen Financial Corporation has a consensus rating of “Hold” and a consensus target price of $4.57.

The stock has a 50-day moving average of $1.68 and a 200 day moving average of $2.90. The stock’s market capitalization is $254.17 million.

Ocwen Financial Corporation (NYSE:OCN) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.71) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.43) by $0.28. During the same quarter last year, the business earned $0.08 EPS. The business had revenue of $373.05 million for the quarter, compared to analyst estimates of $324.05 million. The firm’s revenue was down 19.5% on a year-over-year basis. Equities analysts predict that Ocwen Financial Corporation will post ($2.11) EPS for the current fiscal year.

Several hedge funds and institutional investors recently bought and sold shares of the company. Nationwide Fund Advisors boosted its position in Ocwen Financial Corporation by 12.5% in the fourth quarter. Nationwide Fund Advisors now owns 356,363 shares of the company’s stock worth $2,484,000 after buying an additional 39,477 shares during the last quarter. California State Teachers Retirement System boosted its position in Ocwen Financial Corporation by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 199,120 shares of the company’s stock worth $1,388,000 after buying an additional 3,606 shares during the last quarter. Rhumbline Advisers boosted its position in Ocwen Financial Corporation by 4.0% in the fourth quarter. Rhumbline Advisers now owns 155,775 shares of the company’s stock worth $1,086,000 after buying an additional 5,930 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in Ocwen Financial Corporation by 10.3% in the fourth quarter. California Public Employees Retirement System now owns 441,100 shares of the company’s stock worth $3,074,000 after buying an additional 41,300 shares during the last quarter.

Ocwen Financial Corporation is a financial services holding company. The Company, through its subsidiaries, operates as a mortgage company. The Company’s segments include Servicing, Lending, and Corporate Items and Other. The Company’s Servicing segment consists of its core residential servicing business.

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