Home Point Capital (NASDAQ:HMPT – Get Rating) had its price target hoisted by analysts at The Goldman Sachs Group from $1.35 to $1.50 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a "sell" rating on the stock. The Goldman Sachs Group's target price suggests a potential downside of 14.77% from the company's current price.
HMPT has been the subject of several other reports. Morgan Stanley decreased their target price on shares of 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 report on Wednesday, November 23rd. Credit Suisse Group cut their price target 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 lowered their price objective on shares of Home Point Capital to $2.50 in a research report on Wednesday, November 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $2.04.Get Home Point Capital alerts:
Home Point Capital Trading Down 5.9 %
Shares of HMPT stock opened at $1.76 on Tuesday. The company has a quick ratio of 3.63, a current ratio of 3.63 and a debt-to-equity ratio of 2.38. The stock has a 50-day simple moving average of $1.78 and a 200 day simple moving average of $1.73. 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 capitalization of $243.59 million, a P/E ratio of -1.48 and a beta of 1.41.
Institutional Trading of Home Point Capital
A number of large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new position in shares of Home Point Capital in the second quarter worth $101,000. BNP Paribas Arbitrage SNC purchased a new stake in Home Point Capital in the third quarter worth about $37,000. Rhumbline Advisers purchased a new stake in Home Point Capital in the second quarter worth about $58,000. Zebra Capital Management LLC purchased a new position in shares of Home Point Capital during the first quarter valued at approximately $37,000. Finally, State Street Corp lifted its holdings in shares of Home Point Capital by 10.9% during the second quarter. State Street Corp now owns 85,102 shares of the company's stock valued at $334,000 after purchasing an additional 8,392 shares during the last quarter. Hedge funds and other institutional investors own 94.01% of the company's stock.
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.
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