Key Points
- President Kristen Sieffert sold 750 FOA shares for approximately $17,708 under a pre-arranged Rule 10b5-1 plan, reducing her holdings by just 0.59%.
- Finance of America reported adjusted second-quarter EPS of $0.84, below the roughly $1.04 consensus estimate, while revenue of $62.48 million significantly missed expectations of $121.94 million. The stock was trading down 6.1% amid the results.
- Analyst sentiment remains mixed: B. Riley reaffirmed a Buy rating and raised its price target to $32, while the broader analyst consensus is Hold with an average target of $30.50.
Finance of America Companies Inc. (NYSE:FOA - Get Free Report) President Kristen Sieffert sold 750 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $23.61, for a total value of $17,707.50. Following the transaction, the president owned 125,512 shares in the company, valued at $2,963,338.32. This trade represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Finance of America Companies Trading Down 6.1%
FOA stock opened at $22.31 on Thursday. The company has a market capitalization of $198.34 million, a PE ratio of -7.41 and a beta of 1.65. The company has a debt-to-equity ratio of 43.57, a quick ratio of 2.62 and a current ratio of 2.62. Finance of America Companies Inc. has a one year low of $15.77 and a one year high of $29.79. The company's 50 day moving average price is $22.88 and its two-hundred day moving average price is $21.12.
Finance of America Companies (NYSE:FOA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.20). Finance of America Companies had a negative net margin of 0.10% and a positive return on equity of 28.51%. The business had revenue of $62.48 million during the quarter, compared to analysts' expectations of $121.94 million. As a group, analysts predict that Finance of America Companies Inc. will post 4.44 earnings per share for the current fiscal year.
Key Headlines Impacting Finance of America Companies
Here are the key news stories impacting Finance of America Companies this week:
- Positive Sentiment: B. Riley Financial reaffirmed its buy rating and raised its price target to $32 from $25, implying significant potential upside from recent trading levels. B. Riley raises Finance of America price target
- Positive Sentiment: FOA reported second-quarter adjusted earnings of $0.84 per share, up from $0.55 a year earlier, indicating year-over-year earnings growth despite missing analyst expectations. Finance of America second-quarter earnings report
- Neutral Sentiment: President Kristen N. Sieffert sold 750 shares for approximately $17,708 under a pre-arranged Rule 10b5-1 trading plan. The sale reduced her ownership by only 0.59%, making it a limited and less actionable insider signal. FOA insider transaction filing
- Negative Sentiment: Second-quarter EPS of $0.84 missed consensus estimates of approximately $1.04–$1.09. Revenue was $62.48 million, far below the $121.94 million analyst expectation, creating the primary near-term pressure on FOA shares. Finance of America second-quarter results
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its stake 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 worth $28,000 after acquiring an additional 822 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Finance of America Companies during the third quarter valued at approximately $29,000. JPMorgan Chase & Co. lifted its holdings 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 purchasing an additional 2,050 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Finance of America Companies during the second quarter valued at approximately $57,000. Finally, Bank of America Corp DE boosted its position in shares of Finance of America Companies by 3,503.1% in 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 in the last quarter. 97.20% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on FOA shares. Weiss Ratings upgraded Finance of America Companies from a "sell (d)" rating to a "sell (d+)" rating in a report on Friday, June 12th. Alliance Global Partners initiated coverage on Finance of America Companies in a report on Wednesday, July 22nd. They set a "buy" rating and a $30.00 target price for the company. Wall Street Zen downgraded Finance of America Companies from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. Finally, B. Riley Financial reissued a "buy" rating and set a $32.00 price objective (up from $25.00) on shares of Finance of America Companies in a research note on Wednesday. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $30.50.
Get Our Latest Stock Report on FOA
Finance of America Companies Company Profile
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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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