Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Kristen N. Sieffert, President of Finance of America Companies Inc. (NYSE:FOA), recently executed a sale of 750 shares of Class A Common Stock. The transaction, which took place on March 19, 2025, was conducted at a price of $22.35 per share, amounting to a total value of approximately $16,762. The sale comes as FOA, currently valued at $524 million, has demonstrated remarkable performance with a 189% return over the past year. According to InvestingPro analysis, the stock appears undervalued at current levels. Following this sale, Sieffert holds 50,975 shares in the company. This transaction was part of a Rule 10b5-1 trading plan that Sieffert adopted on December 13, 2024. Notably, the number of shares reflects a 1-for-10 reverse stock split that took effect in July 2024. InvestingPro data reveals the stock generally trades with high price volatility, with 8 additional key insights available to subscribers through their comprehensive Pro Research Report.
In other recent news, Finance of America Companies Inc. reported a net loss of $143 million for the fourth quarter of 2024, although it achieved a $200 million increase in full-year GAAP net income. The company also noted a 178% rise in adjusted EBITDA for the year, despite facing challenges in the fourth quarter. In a move to bolster its strategic growth, Finance of America added Andrew Essex and former U.S. Senator Cory Gardner to its Board of Directors. These appointments aim to enhance the company’s marketing and public policy expertise.
UBS analyst Doug Harter revised the price target for Finance of America, lowering it from $29 to $25 while maintaining a Neutral rating on the stock. This adjustment reflects a valuation approach consistent with the company’s historical performance. Finance of America also announced plans to launch a new marketing platform in the second quarter of 2025, aiming to capitalize on market opportunities. The company continues to focus on expanding its product offerings and improving its cost structure, positioning itself for future growth.
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