UWM Holdings Corporation (NYSE:UWMC) Receives $4.10 Average Price Target from Analysts

UWM Holdings Corporation (NYSE:UWMC) has been given a consensus rating of “Hold” by the fourteen analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $4.0136.

A number of brokerages have recently commented on UWMC. Keefe, Bruyette & Woods dropped their price target on UWM from $3.75 to $2.75 and set an “outperform” rating for the company in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $5.50 target price on shares of UWM in a report on Thursday, May 7th. Citigroup upgraded UWM to an “outperform” rating in a research report on Wednesday, July 29th. Weiss Ratings lowered UWM from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. Finally, BTIG Research reduced their price target on UWM from $4.00 to $2.00 and set a “buy” rating on the stock in a report on Friday, August 7th.

UWM Price Performance

Shares of NYSE:UWMC opened at $1.59 on Friday. The company has a market cap of $2.55 billion, a price-to-earnings ratio of -19.94 and a beta of 1.78. The company has a debt-to-equity ratio of 6.05, a current ratio of 1.64 and a quick ratio of 1.52. The firm has a 50 day simple moving average of $2.00 and a 200 day simple moving average of $3.23. UWM has a one year low of $0.93 and a one year high of $7.14.

UWM (NYSE:UWMC) last issued its earnings results on Thursday, August 6th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.30). The company had revenue of $162.13 million during the quarter, compared to analyst estimates of $727.46 million. UWM had a negative net margin of 1.04% and a negative return on equity of 6.20%. Research analysts predict that UWM will post 0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On UWM

Hedge funds have recently added to or reduced their stakes in the business. Meeder Advisory Services Inc. acquired a new position in UWM in the 2nd quarter valued at approximately $25,000. Allworth Financial LP lifted its holdings in shares of UWM by 5,681.9% during the third quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock worth $25,000 after purchasing an additional 4,091 shares during the period. Raymond James Financial Inc. bought a new stake in shares of UWM in the second quarter worth $35,000. Farther Finance Advisors LLC grew its stake in shares of UWM by 1,410.7% in the fourth quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock worth $38,000 after purchasing an additional 8,027 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in UWM in the third quarter valued at $38,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting UWM

Here are the key news stories impacting UWM this week:

• Positive Sentiment: UWM is reportedly seeking a roughly $2 billion capital lifeline following a costly interest-rate hedging strategy. Additional funding could help strengthen liquidity and address shareholder concerns, although it may also come with significant financing costs or dilution. US mortgage giant UWM seeks $2B lifeline after disastrous interest-rate bet

About UWM

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.