NMI (NASDAQ:NMIH) had its price target upped by stock analysts at B. Riley from $18.00 to $20.00 in a research note issued on Thursday, The Fly reports. B. Riley's target price would suggest a potential upside of 18.84% from the company's current price.
A number of other research analysts have also issued reports on NMIH. BTIG Research reaffirmed a "buy" rating and set a $23.00 target price on shares of NMI in a report on Wednesday, May 6th. ValuEngine raised NMI from a "strong sell" rating to a "sell" rating in a research note on Friday, June 5th. Susquehanna Bancshares raised NMI from a "neutral" rating to a "positive" rating and set a $36.00 price target on the stock in a research note on Wednesday, February 26th. Credit Suisse Group reissued a "neutral" rating on shares of NMI in a research note on Wednesday, June 10th. Finally, Compass Point lifted their price target on NMI from $15.00 to $21.00 and gave the stock a "buy" rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. NMI has an average rating of "Buy" and an average price target of $27.63.
NMIH traded down $0.23 during trading hours on Thursday, hitting $16.83. 44,023 shares of the stock were exchanged, compared to its average volume of 2,085,512. The stock has a 50-day simple moving average of $15.09 and a 200-day simple moving average of $23.04. NMI has a 12 month low of $8.06 and a 12 month high of $35.79. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 6.48 and a beta of 1.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93.
NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.72 by $0.03. The firm had revenue of $107.60 million for the quarter, compared to analysts' expectations of $106.08 million. NMI had a return on equity of 21.90% and a net margin of 48.69%. The firm's revenue for the quarter was up 32.7% compared to the same quarter last year. Sell-side analysts expect that NMI will post 2.01 EPS for the current year.
Several institutional investors have recently made changes to their positions in NMIH. Toronto Dominion Bank bought a new stake in shares of NMI in the fourth quarter worth about $33,000. Advisors Asset Management Inc. boosted its position in NMI by 32.9% during the fourth quarter. Advisors Asset Management Inc. now owns 2,717 shares of the financial services provider's stock valued at $90,000 after purchasing an additional 673 shares during the last quarter. Arden Trust Co acquired a new position in NMI during the first quarter valued at approximately $36,000. Advisor Group Holdings Inc. acquired a new stake in shares of NMI in the first quarter valued at approximately $40,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of NMI by 22.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,383 shares of the financial services provider's stock valued at $62,000 after buying an additional 978 shares during the last quarter. Institutional investors and hedge funds own 91.41% of the company's stock.
NMI Company Profile
NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders.
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6 Stocks to Help You Profit Off the Coronavirus PPE Boom
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View the "6 Stocks to Help You Profit Off the Coronavirus PPE Boom".