UBS Group Issues Pessimistic Forecast for Finance of America Companies (NYSE:FOA) Stock Price

Finance of America Companies (NYSE:FOA - Get Free Report) had its price objective lowered by equities researchers at UBS Group from $25.00 to $22.50 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's price objective would suggest a potential upside of 18.80% from the stock's current price.

Separately, Raymond James upped their price target on Finance of America Companies from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, March 25th.

Finance of America Companies Stock Performance

Shares of FOA stock traded down $0.33 during trading hours on Wednesday, reaching $18.94. 14,002 shares of the company's stock were exchanged, compared to its average volume of 81,887. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 40.07. Finance of America Companies has a fifty-two week low of $4.10 and a fifty-two week high of $32.40. The business has a fifty day moving average price of $21.62 and a 200-day moving average price of $21.29. The stock has a market capitalization of $202.89 million, a P/E ratio of 1.62 and a beta of 1.31.

Finance of America Companies (NYSE:FOA - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.24). The firm had revenue of ($105.62) million for the quarter, compared to analyst estimates of $80.61 million. Finance of America Companies had a negative return on equity of 4.00% and a net margin of 18.89%. Analysts predict that Finance of America Companies will post 0.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Finance of America Companies

A number of hedge funds have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management bought a new position in Finance of America Companies in the first quarter valued at about $229,000. OMERS ADMINISTRATION Corp acquired a new stake in Finance of America Companies during the 4th quarter worth $318,000. Millennium Management LLC lifted its holdings in shares of Finance of America Companies by 14.2% during the 4th quarter. Millennium Management LLC now owns 49,415 shares of the company's stock valued at $1,390,000 after purchasing an additional 6,132 shares in the last quarter. Bank of America Corp DE lifted its stake in Finance of America Companies by 3,503.1% in the fourth quarter. Bank of America Corp DE now owns 2,306 shares of the company's stock valued at $65,000 after buying an additional 2,242 shares in the last quarter. Finally, Bastion Asset Management Inc. acquired a new position in Finance of America Companies in the 4th quarter worth $4,850,000. Institutional investors own 97.20% of the company's stock.

About Finance of America Companies

Finance of America Companies Inc a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners.