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

Key Points

• Finance of America Companies has a consensus “Hold” rating from five analysts: two rate it “Buy,” one “Hold,” and two “Sell.” The average 12-month price target is $30.50, above the reported $21.88 share price.
• Recent analyst views were mixed: B. Riley raised its price target to $32 and maintained a “Buy,” while Zacks Research downgraded the stock to “Strong Sell.”
• The company missed quarterly expectations, reporting $0.84 in adjusted EPS versus a $1.04 consensus and revenue of $62.48 million versus estimates of $121.94 million. Insiders have sold 28,360 shares worth about $601,789 over the past 90 days, while institutional investors own 97.2% of the stock.

Shares of Finance of America Companies Inc. (NYSE:FOA - Get Free Report) have been given an average recommendation of "Hold" by the five ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $30.50.

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

Insiders Place Their Bets

In other news, CIO Jeremy Prahm sold 6,000 shares of the company's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $21.73, for a total transaction of $130,380.00. Following the transaction, the executive directly owned 179,856 shares in the company, valued at approximately $3,908,270.88. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 28,360 shares of company stock valued at $601,789. Company insiders own 35.37% of the company's stock.

Institutional Trading of Finance of America Companies

A number of institutional investors have recently bought and sold shares of FOA. Bank of America Corp DE raised 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 valued at $65,000 after acquiring an additional 2,242 shares during the period. Geode Capital Management LLC raised its holdings in Finance of America Companies by 66.2% during the 2nd quarter. Geode Capital Management LLC now owns 136,672 shares of the company's stock worth $3,188,000 after buying an additional 54,429 shares during the period. JPMorgan Chase & Co. raised its holdings 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 worth $49,000 after buying an additional 2,050 shares during the period. American Century Companies Inc. lifted its stake in Finance of America Companies by 3.1% in the second quarter. American Century Companies Inc. now owns 88,554 shares of the company's stock valued at $2,065,000 after buying an additional 2,636 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in Finance of America Companies in the second quarter valued at approximately $103,000. Institutional investors and hedge funds own 97.20% of the company's stock.

Finance of America Companies Price Performance

NYSE:FOA opened at $21.88 on Friday. The stock has a market cap of $378.66 million, a P/E ratio of -7.27 and a beta of 1.65. Finance of America Companies has a one year low of $15.77 and a one year high of $29.79. The company has a fifty day moving average price of $23.20 and a 200 day moving average price of $21.04. The company has a debt-to-equity ratio of 60.78, a current ratio of 3.02 and a quick ratio of 2.62.

Finance of America Companies (NYSE:FOA - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.20). Finance of America Companies had a positive return on equity of 28.39% and a negative net margin of 0.10%.The company had revenue of $62.48 million during the quarter, compared to analyst estimates of $121.94 million. Analysts anticipate that Finance of America Companies will post 4.16 earnings per share for the current year.

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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