NYSE:ONIT Onity Group (ONIT) Stock Price, News & Analysis $28.01 +0.20 (+0.72%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$27.46▼$28.8350-Day Range$23.57▼$30.0352-Week Range$21.15▼$31.96Volume29,937 shsAverage Volume15,193 shsMarket Capitalization$218.76 millionP/E Ratio52.85Dividend YieldN/APrice Target$35.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsOptions ChainSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsOptions ChainSEC FilingsShort InterestTrends Get Onity Group alerts: Email Address Onity Group MarketRank™ Stock AnalysisAnalyst RatingStrong Buy3.50 Rating ScoreUpside/Downside25.0% Upside$35.00 Price TargetShort InterestHealthy0.57% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth0.69%From $10.21 to $10.28 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.97 out of 5 starsFinance Sector461st out of 871 stocksMortgage Bankers & Correspondents Industry4th out of 8 stocks 2.8 Analyst's Opinion Consensus RatingOnity Group has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.Amount of Analyst CoverageOnity Group has only been the subject of 2 research reports in the past 90 days.Read more about Onity Group's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.57% of the float of Onity Group has been sold short.Short Interest Ratio / Days to CoverOnity Group has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Onity Group has recently decreased by 14.02%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldOnity Group does not currently pay a dividend.Dividend GrowthOnity Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ONIT. Previous Next 2.2 News and Social Media Coverage News SentimentOnity Group has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Finance companies.MarketBeat FollowsOnly 1 people have added Onity Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Onity Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 7.60% of the stock of Onity Group is held by insiders.Percentage Held by Institutions70.16% of the stock of Onity Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Onity Group's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Onity Group are expected to grow by 0.69% in the coming year, from $10.21 to $10.28 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Onity Group is 52.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.80.Price to Earnings Ratio vs. SectorThe P/E ratio of Onity Group is 52.85, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 31.96.Price to Book Value per Share RatioOnity Group has a P/B Ratio of 0.49. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Onity Group's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the Markets⭕ [URGENT] Buy Alert just triggeredMy absolute favorite stock just hit a critical "buy now" trigger price.Click here for the ticker >>> About Onity GroupOnity Group Inc., a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as loans. It also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. It serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. The company was formerly known as Ocwen Financial Corporation and changed its name to Onity Group Inc. in June 2024. Onity Group Inc. was founded in 1988 and is headquartered in West Palm Beach, Florida.Read More ONIT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ONIT Stock News HeadlinesAugust 13, 2024 | prnewswire.comWaterfall Asset Management Expands Partnership with Onity Through Transfer of Reverse Mortgage AssetsAugust 2, 2024 | gurufocus.comQ2 2024 Onity Group Inc Earnings Call TranscriptSeptember 7, 2024 | Behind the Markets (Ad)NASDAQ to crash 50%?During the 2020 Covid Crash he called a market reversal - eleven days before the S&P bottomed out... Now, he's saying there are four major cracks forming in the US economy...August 1, 2024 | globenewswire.comOnity Group Announces Second Quarter 2024 ResultsJuly 24, 2024 | globenewswire.comOnity Group Schedules Conference Call – Second Quarter 2024 Results and Business UpdateSee More Headlines Receive ONIT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Onity Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/01/2024Today9/07/2024Next Earnings (Estimated)11/05/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Mortgage bankers & correspondents Sub-IndustryBanking Current SymbolNYSE:ONIT CUSIPN/A CIK873860 WebN/A Phone(561) 682-8000Fax561-681-8177Employees4,500Year FoundedN/APrice Target and Rating Average Stock Price Target$35.00 High Stock Price Target$35.00 Low Stock Price Target$35.00 Potential Upside/Downside+25.0%Consensus RatingStrong Buy Rating Score (0-4)3.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.53 Trailing P/E Ratio52.85 Forward P/E Ratio2.74 P/E GrowthN/ANet Income$-63,700,000.00 Net Margins0.16% Pretax Margin0.90% Return on Equity15.54% Return on Assets0.52% Debt Debt-to-Equity Ratio21.15 Current Ratio24.04 Quick Ratio24.04 Sales & Book Value Annual Sales$1.10 billion Price / Sales0.20 Cash Flow$9.97 per share Price / Cash Flow2.81 Book Value$56.88 per share Price / Book0.49Miscellaneous Outstanding Shares7,810,000Free Float7,216,000Market Cap$218.76 million OptionableOptionable Beta1.84 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key CompetitorsCrossFirst BanksharesNASDAQ:CFBloanDepotNYSE:LDIHut 8NASDAQ:HUTBitfarmsNASDAQ:BITFMetroCity BanksharesNASDAQ:MCBSView All Competitors ONIT Stock Analysis - Frequently Asked Questions How have ONIT shares performed this year? Onity Group's stock was trading at $23.57 on January 1st, 2024. Since then, ONIT shares have increased by 18.8% and is now trading at $28.01. View the best growth stocks for 2024 here. How were Onity Group's earnings last quarter? Onity Group (NYSE:ONIT) released its earnings results on Thursday, August, 1st. The company reported $4.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $2.70. The firm had revenue of $246.40 million for the quarter, compared to analyst estimates of $273.64 million. Onity Group had a trailing twelve-month return on equity of 15.54% and a net margin of 0.16%. How do I buy shares of Onity Group? Shares of ONIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:ONIT) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. 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