Key Points
- Finance of America Companies CIO Jeremy Prahm sold 5,228 shares on May 7 at an average price of $21.39, totaling about $111,826.92. After the sale, he still held 226,968 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
- The company beat earnings expectations for the quarter, reporting $1.10 per share versus the $0.84 consensus estimate, while revenue came in at $120.14 million. Management also posted a 7.20% net margin and 22.59% return on equity.
- Analyst sentiment remains mixed, with an overall Hold rating and an average target price of $26.00. The stock recently traded at $19.89, below its 200-day moving average of $21.49.
Finance of America Companies Inc. (NYSE:FOA - Get Free Report) CIO Jeremy Prahm sold 5,228 shares of the company's stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $21.39, for a total value of $111,826.92. Following the completion of the sale, the executive directly owned 226,968 shares of the company's stock, valued at approximately $4,854,845.52. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a legal 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.
Jeremy Prahm also recently made the following trade(s):
- On Monday, April 20th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $23.01, for a total transaction of $138,060.00.
- On Monday, April 6th, Jeremy Prahm sold 5,228 shares of Finance of America Companies stock. The shares were sold at an average price of $17.83, for a total transaction 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
NYSE FOA opened at $19.89 on Tuesday. The business has a 50 day simple moving average of $18.98 and a 200 day simple moving average of $21.49. The company has a debt-to-equity ratio of 47.80, a quick ratio of 2.67 and a current ratio of 2.67. Finance of America Companies Inc. has a 52-week low of $15.77 and a 52-week high of $29.58. The stock has a market cap of $170.06 million, a price-to-earnings ratio of 49.71 and a beta of 1.69.
Finance of America Companies (NYSE:FOA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.84 by $0.26. Finance of America Companies had a net margin of 7.20% and a return on equity of 22.59%. The business had revenue of $120.14 million for the quarter, compared to analysts' expectations of $115.31 million. Analysts anticipate that Finance of America Companies Inc. will post 4.5 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on FOA shares. B. Riley Financial started coverage on Finance of America Companies in a research report on Thursday, April 2nd. They issued a "buy" rating and a $22.50 target price on the stock. Wall Street Zen raised shares of Finance of America Companies from a "sell" rating to a "hold" rating in a research report on Monday, April 6th. Finally, Zacks Research raised Finance of America Companies to a "hold" rating in a report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Finance of America Companies has an average rating of "Hold" and an average target price of $26.00.
Check Out Our Latest Stock Analysis on Finance of America Companies
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in FOA. Caitong International Asset Management Co. Ltd raised its holdings in shares of Finance of America Companies by 183.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company's stock worth $28,000 after buying an additional 822 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Finance of America Companies in the 3rd quarter valued at approximately $29,000. JPMorgan Chase & Co. raised its stake in shares of Finance of America Companies by 4,270.8% during the second quarter. JPMorgan Chase & Co. now owns 2,098 shares of the company's stock valued at $49,000 after acquiring an additional 2,050 shares during the last quarter. Bank of America Corp DE raised its position in Finance of America Companies by 3,503.1% during the 4th 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 during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Finance of America Companies during the second quarter worth about $57,000. 97.20% of the stock is currently owned by institutional investors and hedge funds.
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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