Finance of America Companies (NYSE:FOA) Stock Bumped Up to “Hold” by Wall Street Zen

Wall Street Zen upgraded shares of Finance of America Companies (NYSE:FOA) from a sell rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

Several other equities analysts have also recently issued reports on the company. Alliance Global Partners began coverage on Finance of America Companies in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $30.00 price target on the stock. B. Riley Financial reaffirmed a “buy” rating and set a $32.00 price objective (up from $25.00) on shares of Finance of America Companies in a research report on Wednesday, August 5th. Zacks Research downgraded Finance of America Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Finally, Weiss Ratings lowered Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $30.50.

Finance of America Companies Stock Up 3.9%

FOA stock opened at $13.47 on Friday. The company has a market cap of $233.25 million, a price-to-earnings ratio of -4.48 and a beta of 1.68. The company has a fifty day moving average price of $18.42 and a 200 day moving average price of $20.03. The company has a debt-to-equity ratio of 60.78, a current ratio of 3.02 and a quick ratio of 3.02. Finance of America Companies has a 12 month low of $12.15 and a 12 month high of $29.79.

Finance of America Companies (NYSE:FOA) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.20). Finance of America Companies had a positive return on equity of 28.39% and a negative net margin of 0.10%.The business had revenue of $62.48 million for the quarter, compared to analysts’ expectations of $121.94 million. Sell-side analysts expect that Finance of America Companies will post 3.87 earnings per share for the current year.

Insider Buying and Selling

In other Finance of America Companies news, CIO Jeremy Prahm sold 6,000 shares of the firm’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $13.98, for a total value of $83,880.00. Following the completion of the sale, the executive owned 161,856 shares of the company’s stock, valued at approximately $2,262,746.88. This trade represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 31,500 shares of company stock valued at $598,830 over the last three months. 35.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Finance of America Companies

Large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd boosted its holdings in Finance of America Companies by 160.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,304 shares of the company’s stock worth $80,000 after buying an additional 2,035 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Finance of America Companies in the first quarter valued at about $90,000. First Trust Advisors LP increased its holdings in Finance of America Companies by 43.7% in the first quarter. First Trust Advisors LP now owns 17,210 shares of the company’s stock valued at $286,000 after buying an additional 5,236 shares in the last quarter. Purpose Unlimited Inc. acquired a new stake in shares of Finance of America Companies during the 4th quarter valued at approximately $2,325,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Finance of America Companies by 56.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 102,061 shares of the company’s stock valued at $1,694,000 after acquiring an additional 36,929 shares during the period. Hedge funds and other institutional investors own 97.20% of the company’s stock.

Finance of America Companies Company Profile

Finance of America Companies Inc (NYSE: FOA) is a financial services company focused on helping homeowners access and manage the value of their homes. The company’s primary business is its retirement solutions platform, which provides home-equity products designed to support financial planning and cash-flow needs for older homeowners.

Finance of America’s offerings include reverse mortgage products, including federally insured Home Equity Conversion Mortgages, as well as proprietary reverse mortgage solutions.