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NYSE:VEL

Velocity Financial Stock Forecast, Price & News

$12.01
-0.05 (-0.41 %)
(As of 10/27/2021 12:36 PM ET)
Add
Compare
Today's Range
$12.01
$12.15
50-Day Range
$11.65
$13.44
52-Week Range
$4.20
$13.80
Volume1,333 shs
Average Volume40,751 shs
Market Capitalization$247.33 million
P/E Ratio15.40
Dividend YieldN/A
Beta1.31
30 days | 90 days | 365 days | Advanced Chart
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Velocity Financial logo

About Velocity Financial

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

Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Sector
Finance
Phone
N/A
Employees
175
Year Founded
N/A

Sales & Book Value

Annual Sales
$67.45 million
Cash Flow
$1.67 per share
Book Value
$10.93 per share

Profitability

Net Income
$17.78 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$247.33 million
Next Earnings Date
11/3/2021 (Confirmed)
Optionable
Not Optionable

MarketRank

Overall MarketRank

2.11 out of 5 stars

Finance Sector

550th out of 1,338 stocks

Nondepository Credit Institutions Industry

16th out of 59 stocks

Analyst Opinion: 2.5Community Rank: 4.5Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -












Velocity Financial (NYSE:VEL) Frequently Asked Questions

Is Velocity Financial a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Velocity Financial in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Velocity Financial stock.
View analyst ratings for Velocity Financial
or view top-rated stocks.

What stocks does MarketBeat like better than Velocity Financial?

Wall Street analysts have given Velocity Financial a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Velocity Financial wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Velocity Financial's next earnings date?

Velocity Financial is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.
View our earnings forecast for Velocity Financial
.

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

Velocity Financial will be holding an earnings conference call on Wednesday, November 3rd 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 "10160806".

How were Velocity Financial's earnings last quarter?

Velocity Financial, Inc. (NYSE:VEL) posted its earnings results on Thursday, August, 5th. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.10. The company earned $20.10 million during the quarter, compared to analysts' expectations of $19.50 million. Velocity Financial had a net margin of 38.12% and a trailing twelve-month return on equity of 12.94%.
View Velocity Financial's earnings history
.

How has Velocity Financial's stock price been impacted by Coronavirus (COVID-19)?

Velocity Financial's stock was trading at $10.16 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, VEL shares have increased by 19.6% and is now trading at $12.15.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for VEL?

4 analysts have issued 12-month target prices for Velocity Financial's shares. Their forecasts range from $10.00 to $17.00. On average, they anticipate Velocity Financial's share price to reach $14.00 in the next year. This suggests a possible upside of 15.2% from the stock's current price.
View analysts' price targets for Velocity Financial
or view top-rated stocks among Wall Street analysts.

Who are Velocity Financial's key executives?

Velocity Financial's management team includes the following people:
  • Mr. Christopher D. Farrar, Co-Founder, CEO, Pres & Director (Age 54, Pay $1.07M)
  • Mr. Mark R. Szczepaniak, CFO & Corp. Sec. (Age 63, Pay $498.85k)
  • Mr. Jeffrey T. Taylor, Exec. VP of Capital Markets (Age 52, Pay $569.72k)
  • Christopher J. Oltmann, Chief Accounting Officer & Director of Investor Relations
  • Mr. Roland Thomas Kelly, Chief Legal Officer, Gen. Counsel & Corp. Sec.
  • Mr. Graham M. Comley, Chief Information Officer of Velocity Commercial Capital LLC (Age 41)
  • Mr. Joseph A. Cowell, Chief Operating Officer of Velocity Commercial Capital LLC (Age 41)

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), (GAU), 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."

How do I buy shares of Velocity Financial?

Shares of VEL 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 $12.15.

How much money does Velocity Financial make?

Velocity Financial has a market capitalization of $250.22 million and generates $67.45 million in revenue each year. The company earns $17.78 million in net income (profit) each year or ($1.55) on an earnings per share basis.

How many employees does Velocity Financial have?

Velocity Financial employs 175 workers across the globe.

What is Velocity Financial's official website?

The official website for Velocity Financial is www.velfinance.com.

Where are Velocity Financial's headquarters?

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 company can be reached via email at [email protected].


This page was last updated on 10/27/2021 by MarketBeat.com Staff

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