JMP Securities Starts Home Point Capital Inc. (HMPT) at Market Outperform

February 23, 2021 2:24 AM EST
Get Alerts HMPT Hot Sheet
Price: $9.83 -0.3%

Rating Summary:
    7 Buy, 2 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 17 | New: 52
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JMP Securities analyst Steven DeLaney initiates coverage on Home Point Capital Inc. (NASDAQ: HMPT) with a Market Outperform rating and a price target of $16.00.

The analyst comments "Our initial PT implies 39% potential upside from the current price and represents a P/E multiple of 4.2x our 2021 EPS estimate of $3.80. HMPT is a national residential mortgage lending and servicing business headquartered in Ann Arbor, MI and is focused on the third-party or wholesale loan origination channel. While a relatively young company founded in 2014 and operational in 2015, Home Point boasts a very deep executive management team with many years of mortgage industry experience, headed by wholesale-lending pioneer Willie Newman as CEO and recently retired Fannie Mae Single-family Mortgage head Andrew Bon Salle as chairperson of the board."

For an analyst ratings summary and ratings history on Home Point Capital Inc. click here. For more ratings news on Home Point Capital Inc. click here.

Shares of Home Point Capital Inc. closed at $11.54 yesterday.

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