Key Points
- CAO Tai Thornock sold 1,100 shares on January 16 at an average price of $24.58 for $27,038, cutting her stake by 9.36% to 10,650 shares.
- FOA trades near $23.69 with a market cap of about $186.96 million, a negative P/E of -8.91, and a 12‑month price range of $16.58 to $29.58.
- The company reported quarterly EPS of $1.33, beating estimates while revenue missed expectations, and analysts hold a consensus Hold rating with an average price target of $29.75; institutional investors own roughly 97.2% of the stock.
Finance of America Companies Inc. (NYSE:FOA - Get Free Report) CAO Tai Thornock sold 1,100 shares of the company's stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $24.58, for a total value of $27,038.00. Following the completion of the sale, the chief accounting officer owned 10,650 shares in the company, valued at $261,777. The trade was a 9.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Finance of America Companies Price Performance
FOA stock opened at $23.69 on Thursday. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 51.28. The firm has a market cap of $186.96 million, a price-to-earnings ratio of -8.91 and a beta of 1.62. The company's fifty day simple moving average is $23.40 and its 200 day simple moving average is $23.88. Finance of America Companies Inc. has a 12-month low of $16.58 and a 12-month high of $29.58.
Finance of America Companies (NYSE:FOA - Get Free Report) last announced its earnings results on Tuesday, November 4th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $0.67 by $0.66. The business had revenue of $80.85 million for the quarter, compared to the consensus estimate of $101.91 million. On average, analysts expect that Finance of America Companies Inc. will post 0.75 earnings per share for the current year.
Institutional Trading of Finance of America Companies
Hedge funds have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey bought a new position in Finance of America Companies in the 2nd quarter valued at about $29,000. Caitong International Asset Management Co. Ltd grew its position in 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 buying an additional 822 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Finance of America Companies during the 3rd quarter worth approximately $29,000. JPMorgan Chase & Co. grew its stake in shares of Finance of America Companies by 4,270.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,098 shares of the company's stock worth $49,000 after acquiring an additional 2,050 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Finance of America Companies by 3,503.1% in the fourth quarter. Bank of America Corp DE now owns 2,306 shares of the company's stock worth $65,000 after purchasing an additional 2,242 shares in the last quarter. Institutional investors and hedge funds own 97.20% of the company's stock.
Analysts Set New Price Targets
FOA has been the topic of a number of research reports. Weiss Ratings reiterated 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 target on shares of Finance of America Companies and gave the company a "neutral" rating in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Finance of America Companies has a consensus rating of "Hold" and an average price target of $29.75.
Check Out Our Latest Analysis on FOA
About Finance of America Companies
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
