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S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Route to Super Bowl dangerous for Mexico's avocado haulers
Biden's State of the Union to tout policy wins on economy
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
How will EU ban and West's price cap on Russian diesel work?
Evacuations urged in Ohio town as train wreck smolders
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
'Knock at the Cabin' knocks off 'Avatar' at the box office
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Route to Super Bowl dangerous for Mexico's avocado haulers
Biden's State of the Union to tout policy wins on economy
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
How will EU ban and West's price cap on Russian diesel work?
Evacuations urged in Ohio town as train wreck smolders
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
'Knock at the Cabin' knocks off 'Avatar' at the box office
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Route to Super Bowl dangerous for Mexico's avocado haulers
Biden's State of the Union to tout policy wins on economy
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
How will EU ban and West's price cap on Russian diesel work?
Evacuations urged in Ohio town as train wreck smolders
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
'Knock at the Cabin' knocks off 'Avatar' at the box office
NYSE:VEL

Velocity Financial - VEL Stock Forecast, Price & News

$10.33
-0.27 (-2.55%)
(As of 02/3/2023 12:00 AM ET)
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Compare
Today's Range
$10.32
$10.81
50-Day Range
$9.25
$10.60
52-Week Range
$8.15
$13.60
Volume
19,437 shs
Average Volume
22,346 shs
Market Capitalization
$334.90 million
P/E Ratio
11.11
Dividend Yield
N/A
Price Target
$13.00

Velocity Financial MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
25.8% Upside
$13.00 Price Target
Short Interest
Bearish
1.27% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.13mentions of Velocity Financial in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.94%
From $1.26 to $1.36 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Finance Sector

313th out of 854 stocks

Nondepository Credit Institutions Industry

10th out of 34 stocks

VEL stock logo

About Velocity Financial (NYSE:VEL) Stock

Velocity Financial, Inc. operates as a real estate finance company in the United States. It primarily originates and manages investor loans secured by 1-4 unit residential rental and small commercial properties. The company offers its products through a network of independent mortgage brokers. Velocity Financial, Inc. was founded in 2004 and is headquartered in Westlake Village, California.

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VEL Stock News Headlines

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Why Virgin Orbit Stock Just Crashed 16%
Velocity Financial
Brand Velocity Group Acquires SCORE® Sports
Velocity Financial Llc (VEL)
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VEL Company Calendar

Last Earnings
11/03/2021
Today
2/05/2023
Next Earnings (Confirmed)
3/09/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
215
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$13.00
High Stock Price Forecast
$14.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+25.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$29.22 million
Pretax Margin
51.64%

Debt

Sales & Book Value

Annual Sales
$75.97 million
Cash Flow
$1.47 per share
Book Value
$10.67 per share

Miscellaneous

Free Float
31,411,000
Market Cap
$334.90 million
Optionable
Not Optionable
Beta
0.81

Key Executives

  • Mr. Christopher D. Farrar (Age 55)
    Co-Founder, CEO, Pres & Director
    Comp: $1.38M
  • Mr. Mark R. Szczepaniak (Age 64)
    Chief Financial Officer
    Comp: $788.85k
  • Mr. Jeffrey T. Taylor (Age 53)
    Exec. VP of Capital Markets
    Comp: $651.5k
  • Ms. Fiona Tam (Age 51)
    Chief Accounting Officer
  • Mr. Christopher J. Oltmann (Age 56)
    Corp. Treasurer & Director of Investor Relations
  • Mr. Roland Thomas Kelly (Age 51)
    Chief Legal Officer, Gen. Counsel & Corp. Sec.
  • Mr. Graham M. Comley (Age 42)
    Chief Information Officer of Velocity Commercial Capital LLC
  • Mr. Joseph A. Cowell (Age 42)
    Chief Operating Officer of Velocity Commercial Capital LLC













VEL Stock - Frequently Asked Questions

Should I buy or sell Velocity Financial stock right now?

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

What is Velocity Financial's stock price forecast for 2023?

3 brokerages have issued 1-year price targets for Velocity Financial's stock. Their VEL share price forecasts range from $11.00 to $14.00. On average, they anticipate the company's share price to reach $13.00 in the next year. This suggests a possible upside of 25.8% from the stock's current price.
View analysts price targets for VEL
or view top-rated stocks among Wall Street analysts.

How have VEL shares performed in 2023?

Velocity Financial's stock was trading at $9.65 at the start of the year. Since then, VEL shares have increased by 7.0% and is now trading at $10.33.
View the best growth stocks for 2023 here
.

Are investors shorting Velocity Financial?

Velocity Financial saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 248,100 shares, an increase of 31.1% from the December 15th total of 189,300 shares. Based on an average daily volume of 18,500 shares, the days-to-cover ratio is presently 13.4 days. Currently, 1.3% of the shares of the company are short sold.
View Velocity Financial's Short Interest
.

When is Velocity Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 9th 2023.
View our VEL earnings forecast
.

How can I listen to Velocity Financial's earnings call?

Velocity Financial will be holding an earnings conference call on Thursday, March 9th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "1703714".

How were Velocity Financial's earnings last quarter?

Velocity Financial, Inc. (NYSE:VEL) issued its quarterly earnings results on Wednesday, November, 3rd. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm had revenue of $22.11 million for the quarter, compared to analyst estimates of $19.30 million. Velocity Financial had a net margin of 36.87% and a trailing twelve-month return on equity of 11.98%. During the same period in the previous year, the company posted $0.12 EPS.

What other stocks do shareholders of Velocity Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Velocity Financial investors own include Advanced Micro Devices (AMD), OPKO Health (OPK), Ampio Pharmaceuticals (AMPE), Boxlight (BOXL), ChromaDex (CDXC), Daré Bioscience (DARE), Genocea Biosciences (GNCA), CarParts.com (PRTS) and Trevena (TRVN).

When did Velocity Financial IPO?

(VEL) raised $110 million in an initial public offering (IPO) on Friday, January 17th 2020. The company issued 7,300,000 shares at $14.00-$16.00 per share. Wells Fargo Securities, Citigroup and JMP Securities served as the underwriters for the IPO and Raymond James was co-manager.

What is Velocity Financial's stock symbol?

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

Who are Velocity Financial's major shareholders?

Velocity Financial's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Beach Point Capital Management LP (12.20%), Simplex Trading LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Christopher D Farrar, Christopher J Oltmann, Graham M Comley, Jeffrey T Taylor, John Pitstick, Joseph A Cowell and Mark R Szczepaniak.
View institutional ownership trends
.

How do I buy shares of Velocity Financial?

Shares of VEL 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.

What is Velocity Financial's stock price today?

One share of VEL stock can currently be purchased for approximately $10.33.

How much money does Velocity Financial make?

Velocity Financial (NYSE:VEL) has a market capitalization of $334.90 million and generates $75.97 million in revenue each year. The company earns $29.22 million in net income (profit) each year or $0.93 on an earnings per share basis.

How many employees does Velocity Financial have?

The company employs 215 workers across the globe.

How can I contact Velocity Financial?

Velocity Financial's mailing address is 30699 RUSSELL RANCH ROAD BUILDING 111 SUITE 295, WESTLAKE VILLAGE CA, 91362. The official website for the company is www.velfinance.com. The company can be reached via phone at 818-532-3700 or via email at coltmann@velocitymortgage.com.

This page (NYSE:VEL) was last updated on 2/5/2023 by MarketBeat.com Staff