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Finance of America Companies (FOA) Gets a Hold from Morgan Stanley

Morgan Stanley analyst James Faucette maintained a Hold rating on Finance of America Companies (FOAResearch Report) today and set a price target of $1.50. The company’s shares closed yesterday at $1.45.

According to TipRanks, Faucette is a 5-star analyst with an average return of 6.7% and a 63.51% success rate. Faucette covers the Technology sector, focusing on stocks such as Cognizant, Endava, and Upstart Holdings.

Finance of America Companies has an analyst consensus of Hold, with a price target consensus of $1.50.

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Based on Finance of America Companies’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $141.12 million and a GAAP net loss of $40.68 million. In comparison, last year the company earned a revenue of $435.52 million and had a net profit of $21.38 million

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Replay Acquisition Corp. is a blank check company, which formed for a purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded by Edmond M. Safra, Gregorio Werthein, and Gerardo Werthein on November 6, 2018 and is headquartered in New York, NY.

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