Streetbeat News

UWMC

UWM Holdings Corporation

https://www.uwm.com

Industry

Financial - Mortgages

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.

Open

6.19

Mkt cap

16B

Volume

2.7M

High

6.24

P/E Ratio

47.00

52-wk high

9.74

Low

6.09

Div yield

0.07

52-wk low

5.31

Barclays analyst Mark Devries has upgraded UWM Holdings (NYSE:UWMC) from Underweight to Equal-Weight and increased the price target from $6 to $8.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 4:54 pm

UWM Holdings (NYSE:UWMC) has been analyzed by six analysts, showing a range of opinions from bullish to bearish. The average 12-month price target has increased to $7.62, with a high of $10.00 and a low of $4.75. Recent analyst actions include several rating raises, reflecting changing market conditions. Despite challenges in revenue growth and net margin, UWM Holdings shows strong ROE but faces high debt levels.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 2:01 pm

UBS analyst Douglas Harter maintains a Sell rating on UWM Holdings (NYSE:UWMC) but raises the price target from $4.50 to $4.75.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:24 pm

Homebuyers are delaying purchases as they anticipate further declines in mortgage rates, causing slow home sales. Despite a slight increase in existing home sales, the market remains sluggish due to low inventory and homeowners holding onto lower mortgage rates. Mortgage companies and home builders saw modest stock movements.

Portfolio Pulse from Michael Juliano

August 29, 2024 | 7:49 pm

Jim Cramer shared his views on several stocks, recommending buying Dell Technologies and SoFi, while advising against B&G Foods, Symbotic, and Lucid Group. He also suggested waiting for a pullback on Johnson & Johnson and UWM Holdings.

Portfolio Pulse from Avi Kapoor

August 27, 2024 | 12:40 pm

The article highlights unusual options activity in the financial sector, focusing on large trades by 'whales' that could indicate significant market movements. Key stocks with notable options activity include Morgan Stanley (MS), UWM Holdings (UWMC), Bank of America (BAC), American International Group (AIG), Rocket Companies (RKT), Nu Holdings (NU), Upstart Holdings (UPST), Affirm Holdings (AFRM), B. Riley Financial (RILY), and Truist Financial (TFC).

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 5:35 pm

Mortgage rates have fallen to their lowest levels in over a year, driven by expectations of Federal Reserve rate cuts. This has increased homebuyers' purchasing power and boosted refinancing applications. Goldman Sachs has revised its home price appreciation forecasts upwards for 2024 and 2025. Mortgage-linked stocks and ETFs, including REZ, MORT, REM, RKT, UWMC, and XHB, have seen gains as a result.

Portfolio Pulse from Piero Cingari

August 08, 2024 | 4:42 pm

Goldman Sachs analyst Ryan Nash maintains a Neutral rating on UWM Holdings (NYSE:UWMC) and raises the price target from $7.5 to $8.5.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 3:34 pm

Keefe, Bruyette & Woods analyst Bose George maintains a Market Perform rating on UWM Holdings (NYSE:UWMC) and raises the price target from $7 to $8.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 2:44 pm

Wedbush analyst Jay McCanless maintains a Neutral rating on UWM Holdings (NYSE:UWMC) and raises the price target from $7 to $8.5.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 2:15 pm

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