Finance of America Companies Inc. (FOA) – What Are Analysts Saying About This Stock?

Shares of Finance of America Companies Inc. (NYSE:FOA) have received a consensus rating of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $30.50.

A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Finance of America Companies from a “sell” rating to a “hold” rating in a research note on Saturday, October 3rd. B. Riley Financial reiterated a “buy” rating and issued a $32.00 target price (up from $25.00) on shares of Finance of America Companies in a research note on Wednesday, August 5th. Zacks Research raised shares of Finance of America Companies from a “strong sell” rating to a “hold” rating in a research report on Monday. Alliance Global Partners started coverage on shares of Finance of America Companies in a research report on Wednesday, July 22nd. They set a “buy” rating and a $30.00 target price on the stock. Finally, Weiss Ratings lowered shares of Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th.

Finance of America Companies Stock Up 8.1%

Shares of FOA stock opened at $12.96 on Friday. Finance of America Companies has a 1-year low of $9.71 and a 1-year high of $29.79. The stock’s fifty day moving average price is $13.55 and its 200 day moving average price is $19.19. The company has a debt-to-equity ratio of 60.78, a current ratio of 3.02 and a quick ratio of 3.02. The company has a market cap of $224.33 million, a price-to-earnings ratio of -1.66 and a beta of 1.77.

Finance of America Companies (NYSE:FOA) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.98). The business had revenue of $89.00 million during the quarter, compared to analysts’ expectations of $132.34 million. Finance of America Companies had a negative net margin of 0.10% and a positive return on equity of 19.87%. On average, research analysts expect that Finance of America Companies will post 3.87 earnings per share for the current fiscal year.

Insider Activity at Finance of America Companies

In other news, CIO Jeremy Prahm sold 5,610 shares of the business’s stock in a transaction on Monday, October 19th. The shares were sold at an average price of $10.74, for a total transaction of $60,251.40. Following the sale, the executive directly owned 150,246 shares of the company’s stock, valued at $1,613,642.04. The trade was a 3.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 37,110 shares of company stock worth $596,411 in the last three months. Insiders own 35.37% of the company’s stock.

Hedge Funds Weigh In On Finance of America Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ritholtz Wealth Management purchased a new stake in Finance of America Companies during the 3rd quarter valued at about $198,000. Prescott Group Capital Management L.L.C. increased its holdings in shares of Finance of America Companies by 17.8% in the third quarter. Prescott Group Capital Management L.L.C. now owns 66,206 shares of the company’s stock valued at $837,000 after purchasing an additional 10,000 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Finance of America Companies in the second quarter worth about $240,000. First Trust Advisors LP raised its stake in shares of Finance of America Companies by 43.7% in the first quarter. First Trust Advisors LP now owns 17,210 shares of the company’s stock worth $286,000 after purchasing an additional 5,236 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Finance of America Companies by 56.7% during the first quarter. Dimensional Fund Advisors LP now owns 102,061 shares of the company’s stock worth $1,694,000 after purchasing an additional 36,929 shares during the period. Hedge funds and other institutional investors own 97.20% of the company’s stock.

About Finance of America Companies

Finance of America Companies Inc (NYSE:FOA) is a financial services company focused on helping homeowners access and manage home equity. Its primary business is conducted through Finance of America Reverse, which provides reverse mortgage products and related services to older homeowners.

The company offers federally insured Home Equity Conversion Mortgages (HECMs), proprietary reverse mortgage products and reverse mortgage refinancing solutions. These products generally allow eligible homeowners to convert a portion of their home equity into funds while continuing to live in their homes, subject to applicable loan terms, taxes, insurance and maintenance requirements.