Key Points
- FOA CIO Jeremy Prahm sold 8,860 shares on June 15 at an average price of $20.49, totaling about $181,541. After the sale, he still held 203,856 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
- This was part of a broader pattern of insider selling by Prahm, who has also sold shares multiple times in recent months, including transactions in May, April, and March.
- Finance of America Companies recently beat earnings expectations, reporting $1.10 EPS versus the $0.84 consensus and revenue of $120.14 million, while analysts currently rate the stock a consensus Hold with a $26.00 average price target.
Finance of America Companies Inc. (NYSE:FOA - Get Free Report) CIO Jeremy Prahm sold 8,860 shares of the business's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $20.49, for a total transaction of $181,541.40. Following the transaction, the executive owned 203,856 shares in the company, valued at approximately $4,177,009.44. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jeremy Prahm also recently made the following trade(s):
- On Monday, May 18th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $19.68, for a total transaction of $118,080.00.
- On Thursday, May 7th, Jeremy Prahm sold 5,228 shares of Finance of America Companies stock. The stock was 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 Down 0.5%
FOA opened at $19.86 on Wednesday. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 43.57. The stock has a market cap of $176.51 million, a price-to-earnings ratio of 49.64 and a beta of 1.67. Finance of America Companies Inc. has a twelve month low of $15.77 and a twelve month high of $29.58. The company's 50-day moving average price is $20.15 and its two-hundred day moving average price is $20.93.
Finance of America Companies (NYSE:FOA - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.26. The firm 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%. As a group, equities analysts expect that Finance of America Companies Inc. will post 4.59 earnings per share for the current year.
Institutional Trading of Finance of America Companies
Institutional investors and hedge funds have recently bought and sold shares of the company. Beach Point Capital Management LP lifted its stake in Finance of America Companies by 557.5% in 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 in the last quarter. JPMorgan Chase & Co. lifted its stake in Finance of America Companies by 1,815.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 40,194 shares of the company's stock worth $902,000 after purchasing an additional 38,096 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in Finance of America Companies in the 3rd quarter worth approximately $553,000. Charles Schwab Investment Management Inc. lifted its stake in Finance of America Companies by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,241 shares of the company's stock worth $442,000 after purchasing an additional 1,397 shares in the last quarter. Finally, Bridgeway Capital Management LLC purchased a new stake in Finance of America Companies in the 4th quarter worth approximately $207,000. 97.20% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently commented on FOA shares. Weiss Ratings upgraded shares of Finance of America Companies from a "sell (d)" rating to a "sell (d+)" rating in a research note on Friday. B. Riley Financial started coverage on shares of Finance of America Companies in a research note on Thursday, April 2nd. They set a "buy" rating and a $22.50 price target on the stock. Wall Street Zen upgraded shares of Finance of America Companies from a "sell" rating to a "hold" rating in a research note on Monday, April 6th. Finally, Zacks Research upgraded shares of Finance of America Companies to a "hold" rating in a research note on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Finance of America Companies currently has an average rating of "Hold" and an average target price of $26.00.
Read Our Latest Report on Finance of America Companies
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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