Home Point Capital (NASDAQ:HMPT) Now Covered by Analysts at JMP Securities

JMP Securities started coverage on shares of Home Point Capital (NASDAQ:HMPT) in a research report report published on Tuesday morning, Briefing.com reports. The firm issued an outperform rating and a $16.00 price objective on the stock.

A number of other equities analysts have also weighed in on the stock. Credit Suisse Group initiated coverage on shares of Home Point Capital in a research report on Tuesday. They issued an outperform rating and a $18.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of Home Point Capital in a research report on Tuesday. They issued a neutral rating and a $13.00 price objective on the stock. Morgan Stanley started coverage on shares of Home Point Capital in a research report on Tuesday. They issued an equal weight rating and a $12.00 price objective on the stock. Piper Sandler began coverage on shares of Home Point Capital in a research note on Tuesday. They issued an overweight rating and a $18.00 target price for the company. Finally, Wedbush began coverage on Home Point Capital in a report on Tuesday. They set an outperform rating and a $18.00 target price for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of $16.00.

Shares of NASDAQ:HMPT opened at $11.54 on Tuesday. Home Point Capital has a 1-year low of $9.05 and a 1-year high of $13.15.

In other Home Point Capital news, major shareholder Vi L.P. Trident sold 7,047,181 shares of the company’s stock in a transaction dated Tuesday, February 2nd. The stock was sold at an average price of $12.16, for a total value of $85,693,720.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CIO Maria N. Fregosi sold 7,047 shares of the firm’s stock in a transaction dated Tuesday, February 2nd. The stock was sold at an average price of $12.16, for a total value of $85,691.52. Following the sale, the executive now directly owns 127,771 shares of the company’s stock, valued at $1,553,695.36. The disclosure for this sale can be found here. Insiders have sold 7,118,937 shares of company stock valued at $86,566,274 over the last ninety days.

About Home Point Capital

Home Point Capital Inc operates as a residential mortgage originator and service provider. The company was founded in 2015 and headquartered in Ann Arbor, Michigan.

Featured Article: What member countries make up the G-20?

Receive News & Ratings for Home Point Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Point Capital and related companies with MarketBeat.com's FREE daily email newsletter.