Key Points
- Insider sale: Finance of America Companies President Kristen Sieffert sold 750 shares at an average price of $17.55, totaling $13,162.50. The transaction, made under a Rule 10b5-1 plan, reduced her ownership by 0.60% to 124,762 shares.
- Recent performance: FOA reported quarterly EPS of $0.84, below the $1.04 consensus estimate, while revenue of $62.48 million also missed expectations of $121.94 million. The stock opened at $17.41, versus a 52-week range of $15.77 to $29.79.
- Analyst sentiment is mixed: Two analysts rate FOA a Buy, one a Hold and two a Sell, producing a consensus Hold rating and a $30.50 target price. Institutional investors own approximately 97.20% of the company.
Finance of America Companies Inc. (NYSE:FOA - Get Free Report) President Kristen Sieffert sold 750 shares of Finance of America Companies stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $17.55, for a total transaction of $13,162.50. Following the transaction, the president owned 124,762 shares of the company's stock, valued at $2,189,573.10. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Finance of America Companies Stock Performance
Finance of America Companies stock opened at $17.41 on Friday. Finance of America Companies Inc. has a twelve month low of $15.77 and a twelve month high of $29.79. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 60.78. The company has a market capitalization of $301.37 million, a P/E ratio of -5.78 and a beta of 1.65. The stock's 50 day moving average is $22.90 and its 200 day moving average is $20.70.
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 28.39%. The company had revenue of $62.48 million for the quarter, compared to analysts' expectations of $121.94 million. On average, equities research analysts predict that Finance of America Companies Inc. will post 4.16 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts recently commented on FOA shares. 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 report on Wednesday, August 5th. Alliance Global Partners began coverage on shares of Finance of America Companies in a report on Wednesday, July 22nd. They issued a "buy" rating and a $30.00 target price for the company. Wall Street Zen upgraded shares of Finance of America Companies from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Weiss Ratings cut shares of Finance of America Companies from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, August 11th. Finally, Zacks Research downgraded shares of Finance of America Companies from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $30.50.
Get Our Latest Research Report on FOA
Institutional Investors Weigh In On Finance of America Companies
Institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its position in shares of 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 valued at $28,000 after buying an additional 822 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Finance of America Companies in the 3rd quarter worth about $29,000. California State Teachers Retirement System lifted its stake in Finance of America Companies by 440.4% during the 2nd quarter. California State Teachers Retirement System now owns 1,486 shares of the company's stock valued at $41,000 after acquiring an additional 1,211 shares during the period. JPMorgan Chase & Co. lifted its stake in Finance of America Companies by 4,270.8% during the 2nd 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 period. Finally, Bank of America Corp DE lifted its stake 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 valued at $65,000 after acquiring an additional 2,242 shares during the period. 97.20% of the stock is owned by hedge funds and other institutional investors.
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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