Finance of America Companies Inc. (NYSE:FOA) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold”: Two analysts rate Finance of America Companies a sell, one a hold and two a buy. The average 12-month price target is $30.50, with targets ranging from $30.00 to $32.00 among recent bullish coverage.
• Quarterly results fell short of expectations: FOA reported earnings of $0.84 per share versus the $1.04 consensus estimate, while revenue of $62.48 million was well below analysts’ $121.94 million forecast.
• Shares opened at $16.14, near their yearly low: The stock’s 52-week range is $15.77 to $29.79, and insiders sold 29,110 shares worth about $616,000 during the last quarter. Institutional investors own 97.20% of the shares.

Finance of America Companies Inc. (NYSE:FOA - Get Free Report) has been given an average rating of "Hold" by the five analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $30.50.

A number of research analysts have recently issued reports on the stock. Zacks Research cut shares of Finance of America Companies from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 11th. B. Riley Financial reiterated a "buy" rating and set a $32.00 price target (up from $25.00) on shares of Finance of America Companies in a research note on Wednesday, August 5th. Wall Street Zen raised Finance of America Companies from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Alliance Global Partners started coverage on Finance of America Companies in a research report on Wednesday, July 22nd. They set a "buy" rating and a $30.00 target price on the stock. Finally, Weiss Ratings lowered shares of Finance of America Companies from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, August 11th.

Finance of America Companies Stock Performance

Shares of Finance of America Companies stock opened at $16.14 on Thursday. The business has a 50-day simple moving average of $22.10 and a 200 day simple moving average of $20.54. Finance of America Companies has a one year low of $15.77 and a one year high of $29.79. The company has a debt-to-equity ratio of 60.78, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a market capitalization of $279.47 million, a price-to-earnings ratio of -5.36 and a beta of 1.65.

Finance of America Companies (NYSE:FOA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.84 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 firm had revenue of $62.48 million during the quarter, compared to analyst estimates of $121.94 million. On average, research analysts anticipate that Finance of America Companies will post 4.16 earnings per share for the current fiscal year.

Insider Activity at Finance of America Companies

In related news, CIO Jeremy Prahm sold 6,000 shares of the business's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $19.87, for a total value of $119,220.00. Following the transaction, the executive directly owned 173,856 shares of the company's stock, valued at approximately $3,454,518.72. The trade was a 3.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 29,110 shares of company stock worth $616,091. Insiders own 35.37% of the company's stock.

Hedge Funds Weigh In On Finance of America Companies

Institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its position in Finance of America Companies by 183.9% in the third 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 during the last quarter. California State Teachers Retirement System lifted its position in shares of 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 buying an additional 1,211 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Finance of America Companies during the 3rd quarter worth $29,000. Charles Schwab Investment Management Inc. increased its holdings 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 acquiring an additional 1,397 shares during the last quarter. Finally, Barclays PLC increased its holdings in Finance of America Companies by 23.9% in the 4th quarter. Barclays PLC now owns 7,907 shares of the company's stock worth $191,000 after acquiring an additional 1,525 shares during the last quarter. 97.20% of the stock is owned by institutional investors.

Finance of America Companies Company Profile

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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