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

Key Points

• Moderate Buy consensus: Five analysts give Onity Group a consensus "Moderate Buy" (1 sell, 1 hold, 2 buy, 1 strong buy) with an average 12‑month target of $58.33.
• Institutional backing: Institutions own 70.16% of shares, with new or increased stakes from Oaktree (~$17.9M), Wellington (~$10.4M), JPMorgan (now 128,210 shares after a 585% increase) and Prescott Group.
• Recent results and valuation: Onity reported EPS of $14.24 vs $2.46 expected (revenue $280M vs $285.6M est), trades at a P/E of 2.13 and has a market cap of about $385.4M with a 12‑month range of $28.80–$54.10.

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

Several equities research analysts have recently weighed in on ONIT shares. Wall Street Zen raised Onity Group from a "hold" rating to a "buy" rating in a research report on Saturday, March 14th. Keefe, Bruyette & Woods raised Onity Group from a "moderate buy" rating to a "strong-buy" rating in a research report on Wednesday, February 18th. BTIG Research raised 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, Weiss Ratings reissued a "hold (c)" rating on shares of Onity Group in a research report on Thursday, January 22nd.

Institutional Investors Weigh In On Onity Group

Several hedge funds and other institutional investors have recently bought and sold shares of ONIT. Oaktree Capital Management LP acquired a new stake in Onity Group during the 4th quarter worth $17,896,000. Wellington Management Group LLP acquired a new stake in Onity Group during the 3rd quarter worth $10,370,000. JPMorgan Chase & Co. raised its stake in Onity Group by 585.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 128,210 shares of the company's stock worth $4,894,000 after acquiring an additional 109,498 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Onity Group during the 3rd quarter worth $2,742,000. Finally, Prescott Group Capital Management L.L.C. raised its stake in Onity Group by 29.2% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 212,585 shares of the company's stock worth $9,734,000 after acquiring an additional 47,992 shares in the last quarter. 70.16% of the stock is currently owned by institutional investors and hedge funds.

Onity Group Price Performance

Shares of ONIT opened at $45.13 on Tuesday. Onity Group has a twelve month low of $28.80 and a twelve month high of $54.10. The firm's fifty day simple moving average is $41.14 and its 200-day simple moving average is $42.51. The firm has a market capitalization of $385.37 million, a price-to-earnings ratio of 2.13 and a beta of 1.56. The company has a current ratio of 35.55, a quick ratio of 35.55 and a debt-to-equity ratio of 18.86.

Onity Group (NYSE:ONIT - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $14.24 earnings per share for the quarter, beating analysts' consensus estimates of $2.46 by $11.78. Onity Group had a net margin of 17.76% and a return on equity of 15.84%. The business had revenue of $280.00 million for the quarter, compared to analyst estimates of $285.60 million.

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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