Home Point Capital Inc. (NASDAQ:HMPT – Get Rating) has earned a consensus rating of "Hold" from the seven brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $2.04.
HMPT has been the subject of a number of recent research reports. Piper Sandler lowered their price objective on Home Point Capital to $2.50 in a research note on Wednesday, November 16th. UBS Group set a $2.00 price target on Home Point Capital in a research report on Wednesday, November 23rd. Morgan Stanley reduced their price target 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. Finally, Credit Suisse Group reduced their price target on Home Point Capital from $4.00 to $3.50 and set an "outperform" rating for the company in a research report on Monday, November 21st.
Get Home Point Capital alerts:Hedge Funds Weigh In On Home Point Capital
Hedge funds have recently modified their holdings of the stock. State Street Corp increased its position in shares of Home Point Capital by 10.9% in the second quarter. State Street Corp now owns 85,102 shares of the company's stock valued at $334,000 after acquiring an additional 8,392 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Home Point Capital by 6.2% during the third quarter. Bank of New York Mellon Corp now owns 96,756 shares of the company's stock valued at $149,000 after acquiring an additional 5,678 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Home Point Capital during the 2nd quarter worth about $101,000. Goldman Sachs Group Inc. lifted its position in Home Point Capital by 28.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 22,007 shares of the company's stock valued at $68,000 after acquiring an additional 4,939 shares in the last quarter. Finally, Rhumbline Advisers purchased a new stake in Home Point Capital in the 2nd quarter valued at about $58,000. 94.01% of the stock is owned by institutional investors and hedge funds.
Home Point Capital Price Performance
HMPT stock opened at $1.87 on Wednesday. The company has a quick ratio of 3.63, a current ratio of 3.63 and a debt-to-equity ratio of 2.38. Home Point Capital has a 52-week low of $0.99 and a 52-week high of $4.65. The stock's 50 day moving average is $1.78 and its two-hundred day moving average is $1.73. The company has a market capitalization of $258.81 million, a PE ratio of -1.57 and a beta of 1.41.
About Home Point Capital
(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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