Piper Sandler started coverage on shares of Home Point Capital (NASDAQ:HMPT) in a research report issued on Tuesday, Briefing.com reports. The firm set an “overweight” rating and a $18.00 price target on the stock. Piper Sandler’s price objective would indicate a potential upside of 55.98% from the company’s current price.
Shares of Home Point Capital stock opened at $11.54 on Tuesday. Home Point Capital has a 12-month low of $9.05 and a 12-month high of $13.15.
In related news, CIO Maria N. Fregosi sold 7,047 shares of the firm’s stock in a transaction that occurred on Tuesday, February 2nd. The shares were sold at an average price of $12.16, for a total value of $85,691.52. Following the completion of the transaction, the executive now owns 127,771 shares of the company’s stock, valued at approximately $1,553,695.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Vi L.P. Trident sold 7,047,181 shares of Home Point Capital stock in a transaction that occurred on Tuesday, February 2nd. The stock was sold at an average price of $12.16, for a total transaction of $85,693,720.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,118,937 shares of company stock worth $86,566,274.
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.
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