Key Points
- CIO Jeremy Prahm sold 6,000 shares on April 20 at an average price of $23.01 for $138,060, executed under a pre-arranged Rule 10b5-1 plan and leaving him with 232,196 shares (a 2.52% reduction, valued at about $5.34M).
- Prahm also sold shares earlier this spring (5,228 at $17.83 on April 6 and 6,000 at $17.50 on March 23), showing a recent pattern of insider sales.
- FOA trades around $22.46 with a 12‑month range of $15.77–$29.58 and a market cap of roughly $192M; analysts have a consensus price target of $26 and an average rating of "Hold" (mixed buy/hold/sell coverage).
Finance of America Companies Inc. (NYSE:FOA - Get Free Report) CIO Jeremy Prahm sold 6,000 shares of the company's stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $23.01, for a total value of $138,060.00. Following the sale, the executive owned 232,196 shares of the company's stock, valued at $5,342,829.96. This trade represents a 2.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jeremy Prahm also recently made the following trade(s):
- On Monday, April 6th, Jeremy Prahm sold 5,228 shares of Finance of America Companies stock. The stock was sold at an average price of $17.83, for a total value of $93,215.24.
- On Monday, March 23rd, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $17.50, for a total value of $105,000.00.
Finance of America Companies Price Performance
Finance of America Companies stock opened at $22.46 on Thursday. Finance of America Companies Inc. has a 12 month low of $15.77 and a 12 month 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 2.67. The business has a 50 day simple moving average of $19.06 and a 200-day simple moving average of $21.61. The stock has a market capitalization of $192.02 million, a PE ratio of 11.52 and a beta of 1.70.
Finance of America Companies (NYSE:FOA - Get Free Report) last released its quarterly earnings results on Tuesday, March 10th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.65 by $0.04. Finance of America Companies had a return on equity of 10.30% and a net margin of 9.09%.The business had revenue of $73.51 million during the quarter, compared to analysts' expectations of $109.45 million. Equities analysts predict that Finance of America Companies Inc. will post 4.5 earnings per share for the current year.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of Finance of America Companies in a report on Monday, December 29th. Wall Street Zen raised shares of Finance of America Companies from a "sell" rating to a "hold" rating in a report on Monday, April 6th. Zacks Research raised shares of Finance of America Companies to a "hold" rating in a report on Monday, April 6th. Finally, B. Riley Financial assumed coverage on shares of Finance of America Companies in a report on Thursday, April 2nd. They set a "buy" rating and a $22.50 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $26.00.
View Our Latest Research Report on Finance of America Companies
Institutional Investors Weigh In On Finance of America Companies
A number of hedge funds and other institutional investors have recently bought and sold shares of FOA. Beach Point Capital Management LP lifted its holdings in Finance of America Companies by 557.5% in the fourth quarter. Beach Point Capital Management LP now owns 789,399 shares of the company's stock valued at $19,111,000 after acquiring an additional 669,336 shares during the period. Invesco Ltd. acquired a new stake in Finance of America Companies in the third quarter valued at $3,147,000. Purpose Unlimited Inc. acquired a new stake in Finance of America Companies in the fourth quarter valued at $2,325,000. Russell Investments Group Ltd. lifted its holdings in Finance of America Companies by 5,866.5% in the fourth quarter. Russell Investments Group Ltd. now owns 77,445 shares of the company's stock valued at $1,875,000 after acquiring an additional 76,147 shares during the period. Finally, Two Sigma Investments LP boosted its stake in shares of Finance of America Companies by 239.3% during the 3rd quarter. Two Sigma Investments LP now owns 88,888 shares of the company's stock worth $1,994,000 after acquiring an additional 62,687 shares in the last quarter. Institutional investors and hedge funds own 97.20% of the company's stock.
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.
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