Onity Group Inc. (NYSE:ONIT) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Five analysts give Onity Group a consensus rating of “Moderate Buy” (ratings: 1 sell, 1 hold, 2 buy, 1 strong buy) with an average 12‑month target price of $58.33, and several firms recently upgraded their views (BTIG raised its target to $60; Keefe, Bruyette & Woods moved to strong‑buy).
• Onity posted a dramatic quarterly earnings beat of $14.24 EPS vs. $2.46 expected (revenue $280M vs. $285.6M expected), and the company shows a low valuation with a trailing PE of 1.81 and a market cap of about $326M.
• Institutional investors own about 70.16% of the stock, which trades around $38.30 within a 52‑week range of $25.50–$54.10, with 50‑ and 200‑day moving averages near the low $40s.

Onity Group Inc. (NYSE:ONIT - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $58.3333.

ONIT has been the topic of several analyst reports. Wall Street Zen raised shares of Onity Group from a "hold" rating to a "buy" rating in a research note on Saturday, March 14th. Weiss Ratings reissued a "hold (c)" rating on shares of Onity Group in a research report on Thursday, January 22nd. BTIG Research lifted their target price on Onity Group from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, February 12th. Finally, Keefe, Bruyette & Woods upgraded Onity Group from a "moderate buy" rating to a "strong-buy" rating in a research note on Wednesday, February 18th.

Institutional Investors Weigh In On Onity Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC raised its position in shares of Onity Group by 60.3% in the 4th quarter. CWM LLC now owns 758 shares of the company's stock valued at $35,000 after purchasing an additional 285 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Onity Group during the third quarter worth approximately $77,000. State of Wyoming bought a new stake in shares of Onity Group in the second quarter worth $119,000. BNP Paribas Financial Markets increased its stake in shares of Onity Group by 367.2% in the second quarter. BNP Paribas Financial Markets now owns 3,163 shares of the company's stock worth $121,000 after buying an additional 2,486 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Onity Group in the second quarter valued at $184,000. 70.16% of the stock is currently owned by hedge funds and other institutional investors.

Onity Group Stock Down 0.2%

NYSE ONIT opened at $38.30 on Friday. The company has a quick ratio of 35.55, a current ratio of 35.55 and a debt-to-equity ratio of 18.86. Onity Group has a fifty-two week low of $25.50 and a fifty-two week high of $54.10. The business has a 50 day moving average price of $43.12 and a two-hundred day moving average price of $42.55. The stock has a market cap of $326.35 million, a PE ratio of 1.81 and a beta of 1.56.

Onity Group (NYSE:ONIT - Get Free Report) last posted its earnings results on Thursday, February 12th. The company reported $14.24 EPS for the quarter, topping analysts' consensus estimates of $2.46 by $11.78. The business had revenue of $280.00 million for the quarter, compared to analysts' expectations of $285.60 million. Onity Group had a net margin of 17.76% and a return on equity of 15.84%. As a group, sell-side analysts predict that Onity Group will post 10.51 EPS for the current fiscal year.

Onity Group Company Profile

Onity Group, listed on the New York Stock Exchange under the ticker ONIT, is a technology company specializing in enterprise operations management software. Its platform is designed to help legal, finance, human resources and corporate services teams automate and streamline mission-critical workflows. Leveraging artificial intelligence and no-code automation tools, Onity's solutions aim to reduce manual processes, improve visibility and ensure compliance across complex organizational structures.

The company's flagship offerings include contract lifecycle management, matter management, e-billing and spend management, as well as enterprise deal management.

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