NYSE:VEL

Velocity Financial (VEL) Stock Price, News & Analysis

$16.77
-0.10 (-0.59%)
(As of 03:37 PM ET)
Today's Range
$16.74
$17.19
50-Day Range
$15.66
$18.49
52-Week Range
$8.42
$19.08
Volume
4,534 shs
Average Volume
17,716 shs
Market Capitalization
$553.24 million
P/E Ratio
11.03
Dividend Yield
N/A
Price Target
$15.88

Velocity Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
6.6% Downside
$15.88 Price Target
Short Interest
Bearish
3.03% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.25mentions of Velocity Financial in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.69%
From $1.69 to $1.82 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.04 out of 5 stars

Finance Sector

791st out of 864 stocks

Nondepository Credit Institutions Industry

41st out of 47 stocks

VEL stock logo

About Velocity Financial Stock (NYSE:VEL)

Velocity Financial, Inc. operates as a real estate finance company in the United States. It originates, securitizes, and manages a portfolio of loans, which are secured by first mortgage liens on income-producing and/or owner/user commercial properties, including investor 1-4, a non-owner occupied residential rental properties with 1-4 units; residential apartments combined with office or retail space; and multi-family comprising traditional apartment buildings, condominiums, and other residential properties with 5+ units. The company also finances for retail properties with various types of retail products and merchandise or services; commercial properties occupied by professional or business offices; and warehouse and other properties, which include self-storage units, auto services, hospitality, light industrial, and other commercial enterprises, as well as provides short-term and interest-only loans for acquisition and improvement of 1-4-unit residential properties. It offers its products through a network of independent mortgage brokers for independent real estate investors and small business owners. The company was founded in 2004 and is headquartered in Westlake Village, California.

VEL Stock Price History

VEL Stock News Headlines

Protect Yourself While There’s Still Time …
The next step of the Fed's control is here. Section 702 of the Foreign Intelligence Surveillance Act was renewed for two more years and passed into law earlier this week. Allowing the Fed to tighten its grip on your personal privacy and freedom.
Protect Yourself While There’s Still Time …
The next step of the Fed's control is here. Section 702 of the Foreign Intelligence Surveillance Act was renewed for two more years and passed into law earlier this week. Allowing the Fed to tighten its grip on your personal privacy and freedom.
VEL Velocity Financial, Inc.
Donald Trump, Come On Down
See More Headlines
Receive VEL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Velocity Financial and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
3/07/2024
Today
4/26/2024
Next Earnings (Confirmed)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Nondepository credit institutions
Sub-Industry
N/A
Fax
N/A
Employees
253
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$15.88
High Stock Price Target
$20.00
Low Stock Price Target
$13.00
Potential Upside/Downside
-6.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$52.27 million
Pretax Margin
61.96%

Debt

Sales & Book Value

Annual Sales
$107.75 million
Cash Flow
$2.28 per share
Book Value
$13.33 per share

Miscellaneous

Free Float
31,672,000
Market Cap
$560.83 million
Optionable
Optionable
Beta
1.04
10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report

Key Executives

  • Mr. Christopher D. Farrar (Age 57)
    Co-Founder, CEO, President & Director
    Comp: $2.48M
  • Mr. Mark R. Szczepaniak (Age 66)
    Chief Financial Officer
    Comp: $1.17M
  • Mr. Jeffrey T. Taylor (Age 55)
    Executive Vice President of Capital Markets
    Comp: $929.19k
  • Mr. Joseph A. Cowell (Age 43)
    Chief Operating Officer
    Comp: $420.6k
  • Ms. Fiona Tam (Age 53)
    Chief Accounting Officer
  • Mr. Christopher J. Oltmann (Age 58)
    Corporate Treasurer & Director of Investor Relations
  • Mr. Roland Thomas Kelly (Age 53)
    Chief Legal Officer, General Counsel & Corporate Secretary

VEL Stock Analysis - Frequently Asked Questions

Should I buy or sell Velocity Financial stock right now?

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

What is Velocity Financial's stock price target for 2024?

4 Wall Street analysts have issued 12 month target prices for Velocity Financial's stock. Their VEL share price targets range from $13.00 to $20.00. On average, they anticipate the company's share price to reach $15.88 in the next year. This suggests that the stock has a possible downside of 6.6%.
View analysts price targets for VEL
or view top-rated stocks among Wall Street analysts.

How have VEL shares performed in 2024?

Velocity Financial's stock was trading at $17.22 at the start of the year. Since then, VEL stock has decreased by 1.3% and is now trading at $17.00.
View the best growth stocks for 2024 here
.

When is Velocity Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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, May 2nd 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 "3912582".

How were Velocity Financial's earnings last quarter?

Velocity Financial, Inc. (NYSE:VEL) issued its quarterly earnings data on Thursday, March, 7th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.10. The firm had revenue of $30.72 million for the quarter, compared to analyst estimates of $28.50 million. Velocity Financial had a net margin of 48.51% and a trailing twelve-month return on equity of 12.91%. During the same quarter in the previous year, the business earned $0.27 earnings per share.

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), Boxlight (BOXL), ChromaDex (CDXC), Daré Bioscience (DARE), Genocea Biosciences (GNCA), CarParts.com (PRTS) and Trevena (TRVN).

When did Velocity Financial IPO?

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

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:VEL) was last updated on 4/26/2024 by MarketBeat.com Staff

From Our Partners