Key Points
- FOA CIO Jeremy Prahm sold 6,000 shares on May 18 at an average price of $19.68, for proceeds of $118,080. The transaction was made under a pre-arranged Rule 10b5-1 trading plan.
- After the sale, Prahm directly owned 220,968 shares, and the trade represented a 2.64% reduction in his ownership stake. The filing was disclosed in an SEC report.
- Finance of America beat quarterly expectations, reporting EPS of $1.10 versus $0.84 expected and revenue of $120.14 million versus $115.31 million. Analysts currently rate the stock a consensus Hold with an average target price of $26.00.
Finance of America Companies Inc. (NYSE:FOA - Get Free Report) CIO Jeremy Prahm sold 6,000 shares of Finance of America Companies stock in a transaction on Monday, May 18th. The shares were sold at an average price of $19.68, for a total transaction of $118,080.00. Following the completion of the transaction, the executive directly owned 220,968 shares in the company, valued at $4,348,650.24. The trade was a 2.64% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Thursday, May 7th, Jeremy Prahm sold 5,228 shares of Finance of America Companies stock. The shares were sold at an average price of $21.39, for a total transaction of $111,826.92.
- On Monday, April 20th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were 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 shares were sold at an average price of $17.50, for a total transaction of $105,000.00.
Finance of America Companies Stock Performance
Shares of FOA opened at $18.30 on Wednesday. The company has a debt-to-equity ratio of 43.57, a quick ratio of 2.62 and a current ratio of 2.62. The stock has a market capitalization of $156.43 million, a P/E ratio of 45.74 and a beta of 1.69. The company's fifty day moving average is $19.11 and its two-hundred day moving average is $21.37. Finance of America Companies Inc. has a 1 year low of $15.77 and a 1 year high of $29.58.
Finance of America Companies (NYSE:FOA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.26. The company had revenue of $120.14 million for the quarter, compared to analysts' expectations of $115.31 million. Finance of America Companies had a net margin of 7.20% and a return on equity of 22.24%. On average, sell-side analysts predict that Finance of America Companies Inc. will post 4.59 earnings per share for the current year.
Hedge Funds Weigh In On Finance of America Companies
A number of institutional investors and hedge funds have recently made changes to their positions in FOA. Beach Point Capital Management LP grew its stake in shares of Finance of America Companies by 557.5% during the 4th quarter. Beach Point Capital Management LP now owns 789,399 shares of the company's stock worth $19,111,000 after purchasing an additional 669,336 shares during the period. Invesco Ltd. acquired a new position in shares of Finance of America Companies during the 3rd quarter worth $3,147,000. Purpose Unlimited Inc. acquired a new position in shares of Finance of America Companies during the 4th quarter worth $2,325,000. Russell Investments Group Ltd. grew its stake in shares of Finance of America Companies by 5,866.5% during the 4th quarter. Russell Investments Group Ltd. now owns 77,445 shares of the company's stock worth $1,875,000 after purchasing an additional 76,147 shares during the period. Finally, Two Sigma Investments LP grew 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 purchasing an additional 62,687 shares during the period. 97.20% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Finance of America Companies from a "sell" rating to a "hold" rating in a research note on Monday, April 6th. Zacks Research raised shares of Finance of America Companies to a "hold" rating in a research note on Monday, April 6th. B. Riley Financial assumed coverage on shares of Finance of America Companies in a research note on Thursday, April 2nd. They issued a "buy" rating and a $22.50 price objective on the stock. Finally, Weiss Ratings cut shares of Finance of America Companies from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, two have 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 presently has an average rating of "Hold" and an average target price of $26.00.
Check Out Our Latest Report 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.
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