Home Point Capital (NASDAQ:HMPT) PT Lowered to $3.50

Home Point Capital (NASDAQ:HMPTGet Rating) had its price target reduced by Credit Suisse Group from $4.00 to $3.50 in a research report sent to investors on Monday morning, Marketbeat Ratings reports. Credit Suisse Group currently has an outperform rating on the stock.

HMPT has been the topic of a number of other reports. Wedbush upgraded Home Point Capital from a neutral rating to an outperform rating and decreased their price target for the company from $4.00 to $1.50 in a research note on Friday, November 11th. Piper Sandler decreased their price target on Home Point Capital to $2.50 in a research note on Wednesday, November 16th. Finally, The Goldman Sachs Group decreased their price target on Home Point Capital from $3.00 to $1.50 and set a sell rating on the stock in a research note on Tuesday, October 4th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and an average target price of $2.84.

Home Point Capital Trading Down 1.2 %

Shares of HMPT stock opened at $1.71 on Monday. The business’s 50 day moving average is $1.74 and its two-hundred day moving average is $2.91. Home Point Capital has a twelve month low of $1.36 and a twelve month high of $5.04. The company has a market capitalization of $236.63 million, a P/E ratio of -2.19 and a beta of 1.22. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 2.83.

Institutional Trading of Home Point Capital

A number of institutional investors have recently bought and sold shares of HMPT. Great Lakes Advisors LLC purchased a new stake in Home Point Capital during the first quarter worth $61,000. Goldman Sachs Group Inc. boosted its position in Home Point Capital by 28.9% during the first quarter. Goldman Sachs Group Inc. now owns 22,007 shares of the company’s stock worth $68,000 after purchasing an additional 4,939 shares in the last quarter. Zebra Capital Management LLC purchased a new stake in Home Point Capital during the first quarter worth $37,000. SMH Capital Advisors Inc. purchased a new stake in Home Point Capital during the second quarter worth $306,000. Finally, Rhumbline Advisers purchased a new stake in Home Point Capital during the second quarter worth $58,000. 94.18% of the stock is currently owned by hedge funds and other institutional investors.

About Home Point Capital

(Get Rating)

Home Point Capital Inc, together with its subsidiaries, operates as a residential mortgage originator and service provider. It operates through two segments, Origination and Servicing. The Origination segment sources loans through direct, wholesale, and correspondent channels. The Servicing segment offers collecting loan payments; remitting principal and interest payments to investors; managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance; and performing loss mitigation activities on behalf of investors and administering mortgage loans.

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Analyst Recommendations for Home Point Capital (NASDAQ:HMPT)

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