Home Point Capital (HMPT) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Home Point Capital in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" HMPT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HMPT, but not buy additional shares or sell existing shares.
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5 brokerages have issued 1-year target prices for Home Point Capital's shares. Their HMPT share price forecasts range from $1.25 to $3.50. On average, they expect the company's share price to reach $2.04 in the next year. This suggests that the stock has a possible downside of 12.0%.
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Home Point Capital Inc. (NASDAQ:HMPT) released its earnings results on Thursday, November, 4th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.06. The business earned $274.60 million during the quarter, compared to analyst estimates of $182.78 million. Home Point Capital had a negative net margin of 63.98% and a negative trailing twelve-month return on equity of 29.08%.

(HMPT) raised $250 million in an initial public offering (IPO) on Friday, January 29th 2021. The company issued 12,500,000 shares at a price of $19.00-$21.00 per share. Goldman Sachs, Wells Fargo Securities, Morgan Stanley, UBS Investment Bank, Credit Suisse, J.P. Morgan and BofA Securities acted as the underwriters for the IPO and JMP Securities, Piper Sandler, R. Seelaus & Co., SPC Capital Markets, Wedbush Securities and Zelman Partners were co-managers.

Home Point Capital trades on the NASDAQ under the ticker symbol "HMPT."

Home Point Capital's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (0.37%), PenderFund Capital Management Ltd. (0.31%), Gardner Lewis Asset Management L P (0.29%), Ergoteles LLC (0.16%), Geode Capital Management LLC (0.15%) and State Street Corp (0.11%). Insiders that own company stock include Jr Phillip R Shoemaker, Maria N Fregosi, Phillip Martin Miller, Vi LP Trident and William Andrew Newman.
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One share of HMPT stock can currently be purchased for approximately $2.32.

Home Point Capital (NASDAQ:HMPT) has a market capitalization of $321.25 million and generates $255.60 million in revenue each year. The company earns $-163,450,000.00 in net income (profit) each year or ($2.24) on an earnings per share basis.

The company employs 830 workers across the globe.

Home Point Capital's mailing address is 2211 OLD EARHART ROAD SUITE 250, ANN ARBOR MI, 48105. The official website for the company is www.homepointfinancial.com. The company can be reached via phone at 888-616-6866 or via email at investor@hpfc.com.