UWM (NYSE:UWMC - Get Free Report) was downgraded by Keefe, Bruyette & Woods from an "outperform" rating to a "market perform" rating in a report released on Thursday,Finviz reports. They currently have a $4.50 price objective on the stock. Keefe, Bruyette & Woods' target price suggests a potential upside of 6.13% from the stock's current price.
Other research analysts have also recently issued research reports about the company. Barclays raised UWM from an "equal weight" rating to an "overweight" rating and set a $6.00 target price on the stock in a research report on Tuesday. UBS Group upgraded UWM from a "sell" rating to a "neutral" rating and lowered their target price for the company from $4.75 to $4.50 in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group cut their price objective on shares of UWM from $6.00 to $5.25 and set a "neutral" rating for the company in a report on Wednesday, July 2nd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $6.18.
Get Our Latest Stock Report on UWM
UWM Stock Performance
NYSE UWMC opened at $4.24 on Thursday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.50 and a current ratio of 1.50. UWM has a fifty-two week low of $3.80 and a fifty-two week high of $9.74. The stock has a market cap of $6.78 billion, a PE ratio of -32.62 and a beta of 1.68. The firm's fifty day moving average price is $4.20 and its two-hundred day moving average price is $5.19.
UWM (NYSE:UWMC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.29). The firm had revenue of $613.37 million for the quarter, compared to the consensus estimate of $558.80 million. UWM had a negative return on equity of 3.86% and a negative net margin of 0.36%. On average, equities analysts expect that UWM will post 0.2 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, CEO Ishbia Mat sold 400,036 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $4.05, for a total transaction of $1,620,145.80. Following the transaction, the chief executive officer directly owned 3,499,532 shares of the company's stock, valued at approximately $14,173,104.60. This trade represents a 10.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 3,200,288 shares of company stock valued at $13,149,183 over the last ninety days. Insiders own 87.50% of the company's stock.
Institutional Trading of UWM
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in UWM by 101.8% during the 1st quarter. GAMMA Investing LLC now owns 5,863 shares of the company's stock valued at $32,000 after buying an additional 2,958 shares during the last quarter. Signaturefd LLC increased its position in shares of UWM by 135.4% in the first quarter. Signaturefd LLC now owns 8,159 shares of the company's stock valued at $45,000 after acquiring an additional 4,693 shares during the period. Quarry LP purchased a new position in shares of UWM in the first quarter valued at about $53,000. Focus Partners Wealth bought a new position in shares of UWM during the first quarter valued at about $55,000. Finally, Independent Advisor Alliance purchased a new stake in shares of UWM during the first quarter worth about $58,000. Institutional investors own 53.59% of the company's stock.
About UWM
(
Get Free Report)
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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