UWM (NYSE:UWMC - Get Free Report) was upgraded by research analysts at Keefe, Bruyette & Woods from an "underperform" rating to a "market perform" rating in a note issued to investors on Tuesday, MarketBeat Ratings reports. The firm currently has a $6.00 price objective on the stock. Keefe, Bruyette & Woods' target price indicates a potential downside of 11.37% from the company's current price.
Separately, Deutsche Bank Aktiengesellschaft started coverage on UWM in a report on Wednesday, January 10th. They issued a "hold" rating and a $6.00 target price for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $5.59.
Check Out Our Latest Stock Report on UWM
UWM Stock Up 7.0 %
NYSE UWMC traded up $0.44 during trading on Tuesday, reaching $6.77. 3,668,402 shares of the company's stock were exchanged, compared to its average volume of 1,747,603. The stock has a market cap of $639.83 million, a P/E ratio of -35.58 and a beta of 1.60. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.86 and a current ratio of 1.86. The company has a 50 day moving average price of $6.79 and a two-hundred day moving average price of $6.16. UWM has a 1 year low of $4.49 and a 1 year high of $7.75.
UWM (NYSE:UWMC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.26). The business had revenue of ($114.58) million for the quarter, compared to analysts' expectations of $402.14 million. UWM had a return on equity of 2.45% and a net margin of 0.79%. On average, equities research analysts anticipate that UWM will post 0.3 EPS for the current fiscal year.
Hedge Funds Weigh In On UWM
Several institutional investors have recently added to or reduced their stakes in UWMC. Point72 Hong Kong Ltd acquired a new position in UWM during the 2nd quarter worth approximately $26,000. International Assets Investment Management LLC acquired a new position in UWM during the 3rd quarter worth approximately $32,000. Captrust Financial Advisors increased its position in UWM by 220.9% during the 2nd quarter. Captrust Financial Advisors now owns 9,589 shares of the company's stock worth $34,000 after purchasing an additional 6,601 shares during the period. First Republic Investment Management Inc. purchased a new stake in shares of UWM during the 2nd quarter worth approximately $35,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of UWM during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 53.59% of the company's stock.
About UWM
(
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UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.
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