Brokerages Set UWM Holdings Co. (NYSE:UWMC) PT at $7.39

Shares of UWM Holdings Co. (NYSE:UWMC) have received a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $7.39.

Several equities analysts have issued reports on UWMC shares. Keefe, Bruyette & Woods decreased their price objective on shares of UWM from $7.00 to $6.50 and set a “market perform” rating for the company in a research note on Friday, January 3rd. The Goldman Sachs Group decreased their target price on UWM from $8.50 to $7.50 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Finally, Morgan Stanley cut their price target on UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a research report on Thursday, December 19th.

UWM Stock Performance

Shares of UWMC opened at $6.28 on Wednesday. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of -27.28 and a beta of 1.66. UWM has a 52-week low of $5.31 and a 52-week high of $9.74. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06. The stock has a 50 day moving average price of $6.01 and a 200 day moving average price of $7.18.

UWM (NYSE:UWMC) last posted its earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). The company had revenue of $526.43 million for the quarter, compared to analysts’ expectations of $517.02 million. During the same quarter last year, the business earned $0.29 earnings per share. Research analysts predict that UWM will post 0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On UWM

Institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new stake in UWM during the 4th quarter worth approximately $77,000. HB Wealth Management LLC raised its stake in shares of UWM by 23.0% during the fourth quarter. HB Wealth Management LLC now owns 14,053 shares of the company’s stock worth $82,000 after purchasing an additional 2,631 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new stake in shares of UWM during the third quarter worth approximately $85,000. Quantinno Capital Management LP acquired a new stake in shares of UWM during the third quarter worth $106,000. Finally, Secure Asset Management LLC purchased a new position in UWM in the 4th quarter valued at $119,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

UWM Company Profile

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.