Finance of America Companies (NYSE:FOA) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Finance of America Companies (NYSE:FOA - Free Report) from a hold rating to a buy rating in a research report released on Saturday morning.

Other equities research analysts have also recently issued research reports about the company. UBS Group dropped their price target on Finance of America Companies from $25.00 to $22.50 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Raymond James Financial increased their price target on Finance of America Companies from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday, March 25th.

Finance of America Companies Stock Down 3.8%

Shares of Finance of America Companies stock traded down $0.91 on Friday, reaching $22.96. 58,125 shares of the company were exchanged, compared to its average volume of 95,214. Finance of America Companies has a one year low of $6.13 and a one year high of $32.40. The company has a 50-day moving average of $22.03 and a 200 day moving average of $22.97. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 47.08. The company has a market capitalization of $253.88 million, a price-to-earnings ratio of 6.24 and a beta of 1.44.

Finance of America Companies (NYSE:FOA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.15. The business had revenue of $165.70 million during the quarter, compared to the consensus estimate of $79.56 million. On average, equities research analysts forecast that Finance of America Companies will post 0.75 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Bastion Asset Management Inc. bought a new position in Finance of America Companies during the 4th quarter worth $4,850,000. Ritholtz Wealth Management bought a new position in Finance of America Companies during the 1st quarter worth $229,000. Barclays PLC bought a new position in Finance of America Companies during the 4th quarter worth $492,000. Northern Trust Corp bought a new position in Finance of America Companies during the 4th quarter worth $479,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Finance of America Companies by 600.5% during the 4th quarter. Renaissance Technologies LLC now owns 89,495 shares of the company's stock worth $2,517,000 after purchasing an additional 76,719 shares in the last quarter. Institutional investors own 97.20% of the company's stock.

Finance of America Companies Company Profile

Finance of America Companies Inc a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners.