Home Point Capital (NASDAQ:HMPT) Given a $2.00 Price Target by UBS Group Analysts

Home Point Capital (NASDAQ:HMPTGet Rating) has been assigned a $2.00 target price by equities research analysts at UBS Group in a research note issued on Wednesday, Stock Target Advisor reports. UBS Group’s price objective indicates a potential upside of 16.96% from the stock’s current price.

A number of other analysts have also recently commented on HMPT. Piper Sandler reduced their price target on Home Point Capital to $2.50 in a research report on Wednesday, November 16th. Wedbush upgraded shares of Home Point Capital from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $4.00 to $1.50 in a research note on Friday, November 11th. Credit Suisse Group dropped their price target on shares of Home Point Capital from $4.00 to $3.50 and set an “outperform” rating for the company in a research report on Monday. Finally, The Goldman Sachs Group decreased their price objective on shares of Home Point Capital from $3.00 to $1.50 and set a “sell” rating on the stock in a research report on Tuesday, October 4th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Home Point Capital presently has a consensus rating of “Hold” and a consensus target price of $2.84.

Home Point Capital Trading Down 1.2 %

Shares of HMPT stock opened at $1.71 on Wednesday. The company has a debt-to-equity ratio of 2.83, a current ratio of 3.81 and a quick ratio of 3.81. The company has a market cap of $236.63 million, a price-to-earnings ratio of -2.19 and a beta of 1.22. Home Point Capital has a 1 year low of $1.36 and a 1 year high of $5.04. The firm has a fifty day moving average price of $1.74 and a 200-day moving average price of $2.91.

Hedge Funds Weigh In On Home Point Capital

Several institutional investors have recently bought and sold shares of HMPT. BNP Paribas Arbitrage SNC purchased a new stake in Home Point Capital in the 3rd quarter worth $37,000. Zebra Capital Management LLC purchased a new position in shares of Home Point Capital in the 1st quarter worth $37,000. Rhumbline Advisers bought a new stake in shares of Home Point Capital in the 2nd quarter worth about $58,000. Great Lakes Advisors LLC purchased a new stake in shares of Home Point Capital during the 1st quarter valued at about $61,000. Finally, Goldman Sachs Group Inc. raised its position in shares of 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 buying an additional 4,939 shares in the last quarter. 94.18% of the stock is owned by hedge funds and other institutional investors.

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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