Finance of America Companies (NYSE:FOA) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Finance of America Companies (NYSE:FOA) from a hold rating to a sell rating in a report released on Saturday morning.

A number of other equities analysts also recently issued reports on the stock. Zacks Research raised shares of Finance of America Companies to a “hold” rating in a report on Monday, April 6th. Alliance Global Partners initiated coverage on shares of Finance of America Companies in a report on Wednesday, July 22nd. They issued a “buy” rating and a $30.00 target price for the company. Weiss Ratings raised shares of Finance of America Companies from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. Finally, B. Riley Financial assumed coverage on shares of Finance of America Companies in a report on Thursday, April 2nd. They set a “buy” rating and a $22.50 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.33.

Finance of America Companies Stock Performance

Shares of Finance of America Companies stock opened at $23.58 on Friday. Finance of America Companies has a 52 week low of $15.77 and a 52 week high of $29.79. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 43.57. The business has a 50 day moving average price of $22.29 and a 200-day moving average price of $21.14. The company has a market cap of $209.64 million, a PE ratio of 58.95 and a beta of 1.62.

Finance of America Companies (NYSE:FOA) last announced its earnings results on Tuesday, May 5th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.26. Finance of America Companies had a return on equity of 22.24% and a net margin of 7.20%.The company had revenue of $120.14 million for the quarter, compared to analysts’ expectations of $115.31 million. Equities analysts anticipate that Finance of America Companies will post 4.59 earnings per share for the current fiscal year.

Insider Activity at Finance of America Companies

In other news, CIO Jeremy Prahm sold 8,860 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $20.49, for a total transaction of $181,541.40. Following the completion of the transaction, the executive owned 203,856 shares in the company, valued at approximately $4,177,009.44. This represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 20,838 shares of company stock worth $431,968. 35.37% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Finance of America Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in Finance of America Companies during the first quarter valued at about $90,000. First Trust Advisors LP increased its stake in shares of 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. Dimensional Fund Advisors LP increased its stake in shares of 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 worth $1,694,000 after purchasing an additional 36,929 shares in the last quarter. Purpose Unlimited Inc. bought a new stake in shares of Finance of America Companies in the fourth quarter valued at approximately $2,325,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Finance of America Companies by 160.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,304 shares of the company’s stock valued at $80,000 after purchasing an additional 2,035 shares during the period. 97.20% of the stock is currently owned by institutional investors.

About Finance of America Companies

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.