Finance of America Companies (NYSE:FOA) Upgraded to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Finance of America Companies (FOA) from "sell" to "hold"; the stock's consensus rating is "Hold" with an average target price of $29.75.
• Major insider selling: Urban Holdings L.L.C. and Tactical Opportunit Blackstone each sold 1,596,142 shares at $10 on Feb. 27, with insiders selling 3,194,134 shares (~$31.97M) over the last 90 days while retaining a 25% ownership stake.
• Stock and recent results snapshot: FOA opened at $16.92, has a market cap of about $133.5M and a PE of 8.68; it reported $0.69 EPS (beat $0.65 est) on $73.51M revenue (below $109.45M est).

Finance of America Companies (NYSE:FOA - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Several other analysts have also recently weighed in on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of Finance of America Companies in a research note on Monday, December 29th. UBS Group set a $29.50 target price on Finance of America Companies and gave the stock a "neutral" rating in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $29.75.

Finance of America Companies Stock Up 0.4%

Shares of NYSE FOA opened at $16.92 on Friday. The company has a 50 day simple moving average of $21.06 and a 200 day simple moving average of $22.55. The company has a debt-to-equity ratio of 47.80, a current ratio of 2.67 and a quick ratio of 2.64. Finance of America Companies has a 1 year low of $16.09 and a 1 year high of $29.58. The firm has a market cap of $133.50 million, a PE ratio of 8.68 and a beta of 1.65.

Finance of America Companies (NYSE:FOA - Get Free Report) last posted its earnings results on Tuesday, March 10th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.04. The firm had revenue of $73.51 million for the quarter, compared to analyst estimates of $109.45 million. Finance of America Companies had a net margin of 9.09% and a return on equity of 10.30%. On average, research analysts forecast that Finance of America Companies will post 0.75 EPS for the current year.

Insider Buying and Selling at Finance of America Companies

In other news, major shareholder Urban Holdings L.L.C. Bto sold 1,596,142 shares of the company's stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $10.00, for a total transaction of $15,961,420.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $10.00, for a total transaction of $15,961,420.00. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,194,134 shares of company stock valued at $31,968,013. Corporate insiders own 25.00% of the company's stock.

Institutional Investors Weigh In On Finance of America Companies

Hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised 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 worth $28,000 after purchasing an additional 822 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new stake in Finance of America Companies in the 2nd quarter valued at $29,000. Russell Investments Group Ltd. acquired a new stake in Finance of America Companies in the 3rd quarter valued at $29,000. JPMorgan Chase & Co. increased 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 purchasing an additional 2,050 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Finance of America Companies during the 2nd quarter valued at $57,000. Institutional investors and hedge funds own 97.20% of the company's stock.

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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