Ocwen Financial - OCN Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ocwen Financial in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" OCN shares.
View OCN analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 1-year target prices for Ocwen Financial's stock. Their OCN share price forecasts range from $50.00 to $50.00. On average, they expect the company's stock price to reach $50.00 in the next year. This suggests a possible upside of 39.7% from the stock's current price.
View analysts price targets for OCN or view top-rated stocks among Wall Street analysts.

Ocwen Financial's stock was trading at $30.58 on January 1st, 2023. Since then, OCN stock has increased by 17.0% and is now trading at $35.78.
View the best growth stocks for 2023 here.

Ocwen Financial saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 113,300 shares, a drop of 17.2% from the December 31st total of 136,900 shares. Based on an average daily volume of 37,200 shares, the days-to-cover ratio is currently 3.0 days. Currently, 1.7% of the shares of the company are sold short.
View Ocwen Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
View our OCN earnings forecast.

Ocwen Financial Co. (NYSE:OCN) announced its quarterly earnings data on Sunday, November, 7th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $1.24. The financial services provider had revenue of $283.10 million for the quarter, compared to the consensus estimate of $270.75 million. Ocwen Financial had a trailing twelve-month return on equity of 0.49% and a net margin of 10.40%. During the same period in the prior year, the firm earned ($1.09) earnings per share.

Ocwen Financial's stock reverse split before market open on Friday, August 14th 2020. The 1-15 reverse split was announced on Monday, August 3rd 2020. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, August 13th 2020. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

150 employees have rated Ocwen Financial Chief Executive Officer Glen Messina on Glassdoor.com. Glen Messina has an approval rating of 77% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ocwen Financial investors own include (GTATQ) (GTATQ), (MBBYF) (MBBYF), GoPro (GPRO), Coty (COTY), Pandora Media (P), Ford Motor (F), Groupon (GRPN), General Electric (GE), Capri (CPRI) and Energy Transfer (ET).

Ocwen Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "OCN."

Ocwen Financial's stock is owned by many different retail and institutional investors. Top institutional investors include Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Deer Park Road Management Comp, Dennis Zeleny, George T Henley, Glen A Messina, Jacques J Busquet, June C Campbell and Kevin Stein.
View institutional ownership trends.

Shares of OCN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of OCN stock can currently be purchased for approximately $35.78.

Ocwen Financial (NYSE:OCN) has a market capitalization of $271.57 million and generates $1.05 billion in revenue each year. The financial services provider earns $18.08 million in net income (profit) each year or $11.09 on an earnings per share basis.

The company employs 5,700 workers across the globe.

Ocwen Financial's mailing address is 1661 WORTHINGTON ROAD SUITE 100, WEST PALM BEACH FL, 33409. The official website for the company is www.ocwen.com. The financial services provider can be reached via phone at (561) 682-8000, via email at investorservices@ocwen.com, or via fax at 561-681-8177.