Home Point Capital Inc. (NASDAQ:HMPT) Given Average Rating of “Hold” by Brokerages

Shares of Home Point Capital Inc. (NASDAQ:HMPTGet Rating) have received an average rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $3.79.

Several brokerages have weighed in on HMPT. Credit Suisse Group dropped their price objective on Home Point Capital to $4.00 in a research note on Monday, August 22nd. Wedbush lowered Home Point Capital from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $5.50 to $4.00 in a report on Monday, August 15th.

Institutional Trading of Home Point Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of HMPT. Great Lakes Advisors LLC purchased a new position in Home Point Capital during the 1st quarter valued at approximately $61,000. Goldman Sachs Group Inc. raised its position in Home Point Capital by 28.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 22,007 shares of the company’s stock valued at $68,000 after purchasing an additional 4,939 shares in the last quarter. Zebra Capital Management LLC bought a new stake in Home Point Capital during the 1st quarter valued at $37,000. SMH Capital Advisors Inc. purchased a new position in shares of Home Point Capital in the 2nd quarter valued at $306,000. Finally, Rhumbline Advisers purchased a new position in shares of Home Point Capital in the 2nd quarter valued at $58,000. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Home Point Capital Stock Performance

Shares of HMPT stock opened at $2.26 on Wednesday. The company has a market cap of $312.74 million, a price-to-earnings ratio of 5.51 and a beta of 0.74. Home Point Capital has a 52 week low of $2.00 and a 52 week high of $5.85. The company has a quick ratio of 3.21, a current ratio of 3.21 and a debt-to-equity ratio of 3.76. The firm has a 50 day moving average of $3.13 and a 200-day moving average of $3.37.

Home Point Capital Company Profile

(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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