In yesterday’s Wall Street session, NMI Holdings Inc. (NASDAQ:NMIH) shares traded at $21.58, down -1.33% from the previous session.
10 analysts cover NMI Holdings Inc. (NASDAQ:NMIH), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $25.00, we find $26.50. Given the previous closing price of $21.87, this indicates a potential upside of 21.17 percent. NMIH stock price is now -4.49% away from the 50-day moving average and 4.76% away from the 200-day moving average. The market capitalization of the company currently stands at $1.86B.
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The stock has received a hold rating from 4 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $27.00 as their price target over the next twelve months.
With the price target reduced from $31 to $25, Barclays Downgraded its rating from Overweight to Equal Weight for NMI Holdings Inc. (NASDAQ: NMIH). On December 06, 2022, BTIG Research Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $24, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’.
In other news, Yousaf Mohammad Nawaz, EVP, Operations & Info. Tech. sold 9,000 shares of the company’s stock on Feb 17. The stock was sold for $217,453 at an average price of $24.16. Upon completion of the transaction, the EVP, Operations & Info. Tech. now directly owns 41,724 shares in the company, valued at $0.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 16, EVP, Chief Sales Officer Fitzgerald Norman Peter sold 16,346 shares of the business’s stock. A total of $392,789 was realized by selling the stock at an average price of $24.03. This leaves the insider owning 46,071 shares of the company worth $0.99 million. Insiders disposed of 93,108 shares of company stock worth roughly $2.01 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NMIH stock. A new stake in NMI Holdings Inc. shares was purchased by SMITH, GRAHAM & CO., INVESTMENT ADVISORS, LP during the first quarter worth $5,319,000. WINMILL & CO. INC invested $4,851,000 in shares of NMIH during the first quarter. In the first quarter, PANAGORA ASSET MANAGEMENT INC acquired a new stake in NMI Holdings Inc. valued at approximately $1,886,000. HRT FINANCIAL LP acquired a new stake in NMIH for approximately $1,473,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in NMIH valued at around $1,094,000 in the second quarter. In total, there are 332 active investors with 99.65% ownership of the company’s stock.
On Wednesday morning NMI Holdings Inc. (NASDAQ: NMIH) stock kicked off with the opening price of $21.00. During the past 12 months, NMI Holdings Inc. has had a low of $15.33 and a high of $24.72. The fifty day moving average price for NMIH is $22.61 and a two-hundred day moving average price translates $20.62 for the stock.
The latest earnings results from NMI Holdings Inc. (NASDAQ: NMIH) was released for Sep, 2022. The net profit margin was 56.00% and return on equity was 18.90% for NMIH. For the current quarter, analysts expect NMIH to generate $124.2M in revenue.
NMI Holdings Inc.(NMIH) Company Profile
NMI Holdings, Inc. provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders. NMI Holdings, Inc. was incorporated in 2011 and is headquartered in Emeryville, California.
