Finance of America Companies Inc. (NYSE:FOA) Given Average Recommendation of “Hold” by Analysts

Finance of America Companies Inc. (NYSE:FOA) has earned an average rating of “Hold” from the five analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $30.50.

Several analysts recently issued reports on FOA shares. Alliance Global Partners began coverage on Finance of America Companies in a research report on Wednesday, July 22nd. They set a “buy” rating and a $30.00 target price for the company. B. Riley Financial reissued a “buy” rating and issued a $32.00 price target (up from $25.00) on shares of Finance of America Companies in a report on Wednesday, August 5th. Zacks Research downgraded Finance of America Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Wall Street Zen raised shares of Finance of America Companies from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Weiss Ratings cut shares of Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th.

Finance of America Companies Trading Down 0.9%

Shares of Finance of America Companies stock opened at $20.09 on Friday. Finance of America Companies has a fifty-two week low of $15.77 and a fifty-two week high of $29.79. The company has a debt-to-equity ratio of 60.78, a quick ratio of 3.02 and a current ratio of 3.02. The company has a market capitalization of $347.76 million, a P/E ratio of -6.67 and a beta of 1.65. The company has a fifty day moving average of $23.29 and a 200 day moving average of $20.95.

Finance of America Companies (NYSE:FOA) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). Finance of America Companies had a negative net margin of 0.10% and a positive return on equity of 28.39%. The business had revenue of $62.48 million for the quarter, compared to the consensus estimate of $121.94 million. On average, sell-side analysts anticipate that Finance of America Companies will post 4.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Finance of America Companies news, CIO Jeremy Prahm sold 8,860 shares of Finance of America Companies stock in a transaction on Monday, June 15th. The shares were sold at an average price of $20.49, for a total value of $181,541.40. Following the sale, the executive directly owned 203,856 shares in the company, valued at approximately $4,177,009.44. The trade was a 4.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 22,360 shares of company stock worth $483,709 over the last three months. Company insiders own 35.37% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its position in shares of Finance of America Companies by 183.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock valued at $28,000 after purchasing an additional 822 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Finance of America Companies in the third quarter worth about $29,000. JPMorgan Chase & Co. lifted its position in shares of Finance of America Companies by 4,270.8% in the second quarter. JPMorgan Chase & Co. now owns 2,098 shares of the company’s stock worth $49,000 after buying an additional 2,050 shares in the last quarter. Bank of America Corp DE boosted its stake in Finance of America Companies by 3,503.1% during the fourth quarter. Bank of America Corp DE now owns 2,306 shares of the company’s stock valued at $65,000 after buying an additional 2,242 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Finance of America Companies during the second quarter valued at approximately $57,000. Institutional investors 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.