Home Point Capital Inc. (NASDAQ:HMPT – Get Rating) has received an average rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $2.04.
HMPT has been the subject of a number of recent research reports. Morgan Stanley dropped their price objective on Home Point Capital from $3.50 to $1.25 and set an “equal weight” rating for the company in a research report on Friday, December 16th. UBS Group set a $2.00 price objective on Home Point Capital in a research note on Wednesday, November 23rd. Credit Suisse Group reduced their price objective on Home Point Capital from $4.00 to $3.50 and set an “outperform” rating on the stock in a research note on Monday, November 21st. Finally, Piper Sandler reduced their price target on Home Point Capital to $2.50 in a research report on Wednesday, November 16th.
Home Point Capital Trading Up 6.9 %
Shares of HMPT stock opened at $1.87 on Wednesday. Home Point Capital has a fifty-two week low of $0.99 and a fifty-two week high of $4.65. The stock has a market cap of $258.81 million, a P/E ratio of -1.57 and a beta of 1.41. The business has a fifty day simple moving average of $1.78 and a 200-day simple moving average of $1.73. The company has a quick ratio of 3.63, a current ratio of 3.63 and a debt-to-equity ratio of 2.38.
Institutional Inflows and Outflows
Home Point Capital Company Profile
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.
- Get a free copy of the StockNews.com research report on Home Point Capital (HMPT)
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