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

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

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Finance of America Companies in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Finance of America Companies has a consensus rating of “Reduce” and a consensus price target of $29.50.

Finance of America Companies Trading Up 3.5%

FOA stock opened at $16.61 on Friday. Finance of America Companies has a 52-week low of $15.77 and a 52-week high of $29.58. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 47.80. The firm has a market cap of $142.01 million, a P/E ratio of 8.52 and a beta of 1.65. The company’s 50-day simple moving average is $19.98 and its 200-day simple moving average is $22.01.

Finance of America Companies (NYSE:FOA) last announced its quarterly earnings results on Tuesday, March 10th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.04. The firm had revenue of $73.51 million during the quarter, compared to analyst estimates of $109.45 million. Finance of America Companies had a return on equity of 10.30% and a net margin of 9.09%. As a group, equities analysts forecast that Finance of America Companies will post 0.75 EPS for the current fiscal year.

Insider Activity at Finance of America Companies

In other news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $10.00, for a total transaction of $15,961,420.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Urban Holdings L.L.C. Bto sold 1,596,142 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $10.00, for a total transaction of $15,961,420.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,200,134 shares of company stock worth $32,073,013 over the last three months. Company insiders own 25.00% of the company’s stock.

Hedge Funds Weigh In On Finance of America Companies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Finance of America Companies in the second quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd raised its stake in Finance of America Companies by 183.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock valued at $28,000 after purchasing an additional 822 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Finance of America Companies in the 3rd quarter valued at $29,000. JPMorgan Chase & Co. lifted its holdings in Finance of America Companies by 4,270.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,098 shares of the company’s stock valued at $49,000 after purchasing an additional 2,050 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Finance of America Companies by 3,503.1% in the 4th quarter. Bank of America Corp DE now owns 2,306 shares of the company’s stock valued at $65,000 after purchasing an additional 2,242 shares in the last quarter. Hedge funds and other institutional investors own 97.20% of the company’s stock.

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.