Ocwen Financial Corporation (NYSE:OCN)’s share price fell 1.5% during trading on Thursday . The stock traded as low as $3.17 and last traded at $3.20, with a volume of 788,266 shares trading hands. The stock had previously closed at $3.25.

Several research firms recently commented on OCN. Keefe, Bruyette & Woods decreased 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 research note on Thursday, July 28th. Piper Jaffray Cos. restated a “hold” rating and issued a $2.50 price target (down from $4.00) on shares of Ocwen Financial Corporation in a research note on Thursday, April 28th. Oppenheimer Holdings Inc. restated a “” rating on shares of Ocwen Financial Corporation in a research note on Tuesday, August 2nd. Compass Point decreased their price target on shares of Ocwen Financial Corporation from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Thursday, April 28th. Finally, Zacks Investment Research upgraded shares of Ocwen Financial Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 2nd. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $3.93.

The firm has a 50 day moving average of $2.31 and a 200-day moving average of $2.56. The stock’s market capitalization is $394.28 million.

Ocwen Financial Corporation (NYSE:OCN) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.71) EPS for the quarter, missing the consensus estimate of ($0.43) by $0.28. The firm earned $373.05 million during the quarter, compared to analysts’ expectations of $324.05 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. The firm’s revenue for the quarter was down 19.5% on a year-over-year basis. Equities analysts expect that Ocwen Financial Corporation will post ($2.24) EPS for the current fiscal year.

Other hedge funds and institutional investors recently bought and sold shares of the company. Rhumbline Advisers increased 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 valued at $1,086,000 after buying an additional 5,930 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Ocwen Financial Corporation by 0.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 317,650 shares of the company’s stock valued at $2,214,000 after buying an additional 1,475 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake 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 valued at $3,074,000 after buying an additional 41,300 shares in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.