Jeremy Prahm Sells 5,228 Shares of Finance of America Companies (NYSE:FOA) Stock

Key Points

• Jeremy Prahm, FOA's CIO, sold 5,228 shares on April 6 at an average price of $17.83 for about $93,215 under a pre-arranged Rule 10b5-1 plan, leaving him with 238,196 shares (a 2.15% decrease).
• Finance of America beat EPS expectations with $0.69 per share but missed revenue forecasts ($73.51M vs. $109.45M expected); the stock trades near $18.47 with a market cap of roughly $158M and a P/E of 9.47.
• Analyst coverage is mixed—MarketBeat shows a consensus "Hold" with an average target of $26, while B. Riley initiated a "Buy" at $22.50—and institutional investors own about 97.2% of the shares.

Finance of America Companies Inc. (NYSE:FOA - Get Free Report) CIO Jeremy Prahm sold 5,228 shares of Finance of America Companies stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.83, for a total value of $93,215.24. Following the sale, the executive directly owned 238,196 shares of the company's stock, valued at approximately $4,247,034.68. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Prahm also recently made the following trade(s):

• On Monday, March 23rd, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $17.50, for a total value of $105,000.00.

Finance of America Companies Stock Performance

FOA stock traded up $0.86 during trading hours on Wednesday, hitting $18.47. 102,336 shares of the stock were exchanged, compared to its average volume of 99,011. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 47.80. The firm has a market capitalization of $157.93 million, a P/E ratio of 9.47 and a beta of 1.70. The company has a 50-day simple moving average of $19.39 and a two-hundred day simple moving average of $21.75. Finance of America Companies Inc. has a 12 month low of $15.77 and a 12 month high of $29.58.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FOA. Caitong International Asset Management Co. Ltd lifted its stake in 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 last quarter. Russell Investments Group Ltd. bought a new position in shares of Finance of America Companies in the 3rd quarter valued at $29,000. Charles Schwab Investment Management Inc. increased its stake in shares of 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 valued at $442,000 after purchasing an additional 1,397 shares during the last quarter. Citizens Financial Group Inc. RI raised its holdings in shares of Finance of America Companies by 5.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 28,500 shares of the company's stock worth $639,000 after buying an additional 1,500 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Finance of America Companies by 23.9% during the 4th quarter. Barclays PLC now owns 7,907 shares of the company's stock worth $191,000 after buying an additional 1,525 shares in the last quarter. 97.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FOA shares. Weiss Ratings restated a "sell (d)" rating on shares of Finance of America Companies in a research report on Monday, December 29th. Zacks Research raised Finance of America Companies to a "hold" rating in a research report on Monday. Wall Street Zen upgraded Finance of America Companies from a "sell" rating to a "hold" rating in a research note on Monday. Finally, B. Riley Financial initiated coverage on Finance of America Companies in a report on Thursday, April 2nd. They issued a "buy" rating and a $22.50 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $26.00.

About Finance of America Companies

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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