Finance of America Companies (NYSE:FOA) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Finance of America Companies (NYSE:FOA) from a sell rating to a hold rating in a research note published on Saturday morning.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Finance of America Companies in a research report on Monday, December 29th. UBS Group set a $29.50 price objective on shares of Finance of America Companies and gave the company a “neutral” rating in a research report on Wednesday, November 26th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $29.75.

Finance of America Companies Stock Up 0.4%

Shares of FOA opened at $16.92 on Friday. Finance of America Companies has a 1 year low of $16.09 and a 1 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 2.64. The stock has a 50 day simple moving average of $21.06 and a two-hundred day simple moving average of $22.52. The firm has a market cap of $133.50 million, a P/E ratio of 8.68 and a beta of 1.65.

Finance of America Companies (NYSE:FOA) last posted its quarterly earnings results on Tuesday, March 10th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.04. Finance of America Companies had a net margin of 9.09% and a return on equity of 10.30%. The business had revenue of $73.51 million during the quarter, compared to the consensus estimate of $109.45 million. On average, analysts forecast that Finance of America Companies will post 0.75 earnings per share for the current fiscal year.

Insider Transactions at Finance of America Companies

In other Finance of America Companies news, CAO Tai A. Thornock sold 1,100 shares of the stock in a transaction on Friday, January 16th. The stock was sold at an average price of $24.58, for a total transaction of $27,038.00. Following the sale, the chief accounting officer directly owned 10,650 shares in the company, valued at approximately $261,777. This trade represents a 9.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Urban Holdings L.L.C. Bto sold 1,596,142 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $10.00, for a total value of $15,961,420.00. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,194,134 shares of company stock valued at $31,968,013. Insiders own 25.00% of the company’s stock.

Hedge Funds Weigh In On Finance of America Companies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Purpose Unlimited Inc. purchased a new position in shares of Finance of America Companies during the fourth quarter valued at approximately $2,325,000. Caitong International Asset Management Co. Ltd boosted its holdings in Finance of America Companies by 160.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,304 shares of the company’s stock worth $80,000 after purchasing an additional 2,035 shares during the last quarter. XTX Topco Ltd bought a new stake in Finance of America Companies in the 4th quarter worth approximately $327,000. Millennium Management LLC purchased a new stake in Finance of America Companies during the 4th quarter valued at $1,303,000. Finally, Bridgeway Capital Management LLC purchased a new stake in Finance of America Companies during the 4th quarter valued at $207,000. Institutional investors own 97.20% of the company’s stock.

About Finance of America Companies

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.