UWM (NYSE:UWMC) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

by · The Cerbat Gem

UWM (NYSE:UWMC – Get Free Report) had its target price hoisted by analysts at Keefe, Bruyette & Woods from $6.50 to $6.75 in a research note issued on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 39.29% from the company’s current price.

A number of other research firms have also recently commented on UWMC. Morgan Stanley set a $6.00 price target on UWM in a report on Tuesday. UBS Group boosted their target price on shares of UWM from $5.50 to $6.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Barclays upped their target price on shares of UWM from $6.00 to $7.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Zacks Research upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of UWM in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, UWM currently has a consensus rating of “Hold” and a consensus target price of $6.79.

View Our Latest Analysis on UWM

UWM Trading Down 0.1%

Shares of UWMC stock opened at $4.85 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.40. The stock has a fifty day simple moving average of $5.47 and a two-hundred day simple moving average of $5.18. UWM has a 52-week low of $3.80 and a 52-week high of $7.14.

UWM (NYSE:UWMC – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). UWM had a net margin of 0.61% and a negative return on equity of 6.81%. The business had revenue of $151.14 million during the quarter, compared to analysts’ expectations of $651.51 million. As a group, analysts forecast that UWM will post 0.2 earnings per share for the current fiscal year.

Insider Buying and Selling at UWM

In other news, CEO Ishbia Mat sold 612,287 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $5.47, for a total transaction of $3,349,209.89. Following the sale, the chief executive officer directly owned 3,730,973 shares in the company, valued at approximately $20,408,422.31. This represents a 14.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 21,405,119 shares of company stock valued at $121,058,226. Insiders own 87.50% of the company’s stock.

Institutional Investors Weigh In On UWM

Several large investors have recently added to or reduced their stakes in the stock. Allworth Financial LP raised its position in UWM by 5,681.9% during the third quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after purchasing an additional 4,091 shares during the period. GAMMA Investing LLC increased its position in shares of UWM by 408.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock valued at $33,000 after purchasing an additional 4,344 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of UWM during the 2nd quarter valued at approximately $35,000. Advisory Services Network LLC purchased a new stake in UWM during the 3rd quarter valued at $38,000. Finally, R Squared Ltd bought a new stake in UWM in the second quarter worth $51,000. 53.59% of the stock is owned by institutional investors.

UWM Company Profile

(Get Free Report)

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.

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