Home Point Capital (NASDAQ:HMPT) Receives New Coverage from Analysts at JPMorgan Chase & Co.

Equities research analysts at JPMorgan Chase & Co. initiated coverage on shares of Home Point Capital (NASDAQ:HMPT) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The brokerage set an “overweight” rating and a $16.00 price target on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 38.65% from the company’s previous close.

HMPT has been the topic of several other reports. Wedbush began coverage on shares of Home Point Capital in a report on Tuesday. They issued an “outperform” rating and a $18.00 target price on the stock. Morgan Stanley started coverage on Home Point Capital in a research note on Tuesday. They set an “equal weight” rating and a $12.00 target price for the company. JMP Securities began coverage on Home Point Capital in a report on Tuesday. They set an “outperform” rating and a $16.00 price target for the company. The Goldman Sachs Group began coverage on Home Point Capital in a research note on Tuesday. They issued a “neutral” rating and a $13.00 price objective on the stock. Finally, Piper Sandler started coverage on shares of Home Point Capital in a report on Tuesday. They issued an “overweight” rating and a $18.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Home Point Capital currently has an average rating of “Buy” and an average price target of $16.00.

NASDAQ:HMPT opened at $11.54 on Tuesday. Home Point Capital has a fifty-two week low of $9.05 and a fifty-two week high of $13.15.

In related news, CIO Maria N. Fregosi sold 7,047 shares of the stock in a transaction on Tuesday, February 2nd. The shares were sold at an average price of $12.16, for a total transaction of $85,691.52. Following the transaction, the executive now directly owns 127,771 shares of the company’s stock, valued at $1,553,695.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jr. Phillip R. Shoemaker sold 6,923 shares of the stock in a transaction on Tuesday, February 2nd. The stock was sold at an average price of $12.16, for a total transaction of $84,183.68. Following the transaction, the insider now directly owns 125,511 shares in the company, valued at $1,526,213.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,118,937 shares of company stock worth $86,566,274.

Home Point Capital Company Profile

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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