NMI (NASDAQ:NMIH) Shares Gap Down - Time to Sell?

NMI Holdings, Inc. (NASDAQ:NMIH - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $38.80, but opened at $37.82. NMI shares last traded at $37.26, with a volume of 84,991 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on NMIH shares. Keefe, Bruyette & Woods decreased their price objective on shares of NMI from $44.00 to $43.00 and set a "market perform" rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price objective on shares of NMI from $46.00 to $41.00 and set an "overweight" rating for the company in a research report on Monday, December 9th. Barclays downgraded shares of NMI from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Finally, Royal Bank of Canada cut their target price on shares of NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, NMI currently has a consensus rating of "Moderate Buy" and an average target price of $42.00.

NMI Stock Performance

The company has a market cap of $2.87 billion, a PE ratio of 8.21, a PEG ratio of 0.92 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. The firm's 50 day moving average is $37.57 and its 200-day moving average is $38.78.

NMI (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing analysts' consensus estimates of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.64%. On average, research analysts anticipate that NMI Holdings, Inc. will post 4.68 earnings per share for the current fiscal year.

Institutional Trading of NMI

A number of hedge funds have recently bought and sold shares of NMIH. Principal Securities Inc. increased its holdings in shares of NMI by 66.5% during the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after buying an additional 286 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of NMI by 57.2% during the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider's stock worth $30,000 after buying an additional 265 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of NMI by 288.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock worth $69,000 after buying an additional 1,387 shares during the last quarter. KBC Group NV increased its holdings in shares of NMI by 38.3% during the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock worth $118,000 after buying an additional 892 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of NMI by 989.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider's stock worth $134,000 after buying an additional 2,950 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

About NMI

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.