Finance of America Companies Inc. (NYSE:FOA – Get Free Report) saw unusually large options trading activity on Monday. Investors purchased 2,000 call options on the stock. This is an increase of approximately 1,043% compared to the typical daily volume of 175 call options.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on FOA shares. B. Riley Financial restated a “buy” rating and issued a $32.00 price target (up from $25.00) on shares of Finance of America Companies in a research report on Wednesday, August 5th. Wall Street Zen downgraded Finance of America Companies from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research lowered Finance of America Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Alliance Global Partners assumed coverage on Finance of America Companies in a research note on Wednesday, July 22nd. They set a “buy” rating and a $30.00 price objective for the company. Finally, Weiss Ratings cut 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 assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $30.50.
Get Our Latest Stock Report on FOA
Insider Activity
Institutional Trading of Finance of America Companies
Large investors have recently added to or reduced their stakes in the company. Beach Point Capital Management LP boosted its position in shares of Finance of America Companies by 557.5% in the fourth quarter. Beach Point Capital Management LP now owns 789,399 shares of the company’s stock worth $19,111,000 after buying an additional 669,336 shares during the period. Invesco Ltd. acquired a new position in Finance of America Companies during the third quarter valued at $3,147,000. Purpose Unlimited Inc. purchased a new stake in Finance of America Companies in the 4th quarter worth about $2,325,000. Russell Investments Group Ltd. lifted its stake in Finance of America Companies by 5,866.5% in the 4th quarter. Russell Investments Group Ltd. now owns 77,445 shares of the company’s stock worth $1,875,000 after acquiring an additional 76,147 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in Finance of America Companies by 239.3% during the 3rd quarter. Two Sigma Investments LP now owns 88,888 shares of the company’s stock worth $1,994,000 after acquiring an additional 62,687 shares during the period. 97.20% of the stock is owned by institutional investors and hedge funds.
Finance of America Companies Trading Down 0.3%
Shares of Finance of America Companies stock traded down $0.05 during trading on Monday, hitting $15.21. The stock had a trading volume of 21,948 shares, compared to its average volume of 73,697. The stock has a 50 day simple moving average of $21.62 and a 200 day simple moving average of $20.48. The company has a market capitalization of $263.29 million, a PE ratio of -5.04 and a beta of 1.65. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 60.78. Finance of America Companies has a 1 year low of $14.80 and a 1 year high of $29.79.
Finance of America Companies (NYSE:FOA – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.20). Finance of America Companies had a negative net margin of 0.10% and a positive return on equity of 28.39%. The firm had revenue of $62.48 million during the quarter, compared to analysts’ expectations of $121.94 million. On average, research analysts expect that Finance of America Companies will post 4.16 EPS for the current fiscal year.
Finance of America Companies Company Profile
Finance of America Companies (NYSE: FOA) is a diversified nonbank financial services firm specializing in mortgage and insurance products for consumers. The company operates across multiple business segments, delivering home financing solutions, retirement products and specialized lending services through a blend of digital and traditional distribution channels.
In its mortgage segment, FOA originates and purchases a range of home loans including purchase, refinance, FHA, VA and USDA loans.
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