Finance of America Companies Inc. (FOA) – What Are Investment Firms Thinking About This Stock?

Shares of Finance of America Companies Inc. (NYSE:FOA – Get Free Report) have earned a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $30.50.

Several brokerages have recently weighed in on FOA. Zacks Research downgraded shares of Finance of America Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Weiss Ratings downgraded shares of Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded Finance of America Companies from a “sell” rating to a “hold” rating in a research note on Saturday, October 3rd. B. Riley Financial reaffirmed a “buy” rating and set a $32.00 target price (up from $25.00) on shares of Finance of America Companies in a research report on Wednesday, August 5th. Finally, Alliance Global Partners started coverage on Finance of America Companies in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $30.00 target price on the stock.

Check Out Our Latest Report on FOA

Insider Activity

In related news, CIO Jeremy Prahm sold 5,610 shares of the company’s stock in a transaction on Monday, October 19th. The shares were sold at an average price of $10.74, for a total value of $60,251.40. Following the sale, the executive directly owned 150,246 shares of the company’s stock, valued at $1,613,642.04. This represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 43,110 shares of company stock valued at $729,971 in the last three months. 35.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Finance of America Companies in the 1st quarter valued at about $90,000. First Trust Advisors LP grew its stake 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 worth $286,000 after purchasing an additional 5,236 shares in the last quarter. Prescott Group Capital Management L.L.C. grew its stake in Finance of America Companies by 17.8% in the third quarter. Prescott Group Capital Management L.L.C. now owns 66,206 shares of the company’s stock worth $837,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Finance of America Companies by 56.7% in the first quarter. Dimensional Fund Advisors LP now owns 102,061 shares of the company’s stock valued at $1,694,000 after buying an additional 36,929 shares during the last quarter. 97.20% of the stock is owned by institutional investors and hedge funds.

Finance of America Companies Stock Down 2.3%

NYSE FOA opened at $10.70 on Friday. The stock has a market cap of $185.15 million, a PE ratio of -3.55 and a beta of 1.77. Finance of America Companies has a fifty-two week low of $10.04 and a fifty-two week high of $29.79. The business has a 50 day moving average price of $13.82 and a two-hundred day moving average price of $19.31. 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 (NYSE:FOA – Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.98). The firm had revenue of $89.00 million during the quarter, compared to analyst estimates of $132.34 million. Finance of America Companies had a negative net margin of 0.10% and a positive return on equity of 28.39%. As a group, sell-side analysts predict that Finance of America Companies will post 3.87 EPS for the current fiscal year.

Finance of America Companies News Summary

Here are the key news stories impacting Finance of America Companies this week:

About Finance of America Companies

(Get Free Report)

Finance of America Companies Inc (NYSE:FOA) is a financial services company focused on helping homeowners access and manage home equity. Its primary business is conducted through Finance of America Reverse, which provides reverse mortgage products and related services to older homeowners.

The company offers federally insured Home Equity Conversion Mortgages (HECMs), proprietary reverse mortgage products and reverse mortgage refinancing solutions. These products generally allow eligible homeowners to convert a portion of their home equity into funds while continuing to live in their homes, subject to applicable loan terms, taxes, insurance and maintenance requirements.

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Analyst Recommendations for Finance of America Companies (NYSE:FOA)

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