Shares of NMI Holdings Inc. (NASDAQ:NMIH) gapped up prior to trading on Wednesday . The stock had previously closed at $7.66, but opened at $7.68. NMI Holdings shares last traded at $7.80, with a volume of 159,381 shares traded.

A number of analysts have recently commented on NMIH shares. BTIG Research reissued a “buy” rating and issued a $10.00 price target on shares of NMI Holdings in a research report on Tuesday, August 2nd. Zacks Investment Research lowered shares of NMI Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. FBR & Co restated a “buy” rating on shares of NMI Holdings in a report on Tuesday, May 10th. TheStreet upgraded shares of NMI Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 12th. Finally, Keefe, Bruyette & Woods set a $8.50 price objective on shares of NMI Holdings and gave the stock a “buy” rating in a report on Wednesday, August 3rd. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $9.40.

The firm’s 50 day moving average price is $6.42 and its 200 day moving average price is $5.69. The company’s market capitalization is $458.24 million.

NMI Holdings (NASDAQ:NMIH) last released its earnings results on Tuesday, August 2nd. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $29.50 million for the quarter, compared to analysts’ expectations of $24.79 million. Equities research analysts predict that NMI Holdings Inc. will post $0.15 earnings per share for the current year.

In other NMI Holdings news, Director James G. Jones purchased 20,000 shares of the stock in a transaction that occurred on Thursday, June 16th. The shares were purchased at an average cost of $5.45 per share, for a total transaction of $109,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Ozanne purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were acquired at an average price of $6.78 per share, for a total transaction of $33,900.00. The disclosure for this purchase can be found here.

An institutional investor recently raised its position in NMI Holdings stock. Schwab Charles Investment Management Inc. raised its position in NMI Holdings Inc. (NASDAQ:NMIH) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 171,848 shares of the company’s stock after buying an additional 6,706 shares during the period. Schwab Charles Investment Management Inc. owned about 0.29% of NMI Holdings worth $1,164,000 as of its most recent SEC filing.

NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance (MI) through its insurance subsidiaries. The Company’s insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is an MI provider on loans purchased by Fannie Mae and Freddie Mac (collectively the Government-sponsored enterprises(GSEs)).

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