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Hot Stocks
Velocity Financial rises 25.1% » 12:00
06/03/20
06/03
12:00
06/03/20
12:00
VEL

Velocity Financial

$5.00 /

+1.04 (+26.26%)

Velocity Financial is up…

Velocity Financial is up 25.1%, or $1.01 to $5.04.

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VEL Velocity Financial
$5.00 /

+1.04 (+26.26%)

VEL Velocity Financial
$5.00 /

+1.04 (+26.26%)

04/20/20 Raymond James
Velocity Financial price target lowered to $4.50 from $17 at Raymond James
04/15/20 Citi
Velocity Financial price target lowered to $6 from $18 at Citi
02/11/20 Raymond James
Velocity Financial initiated with an Outperform at Raymond James
02/11/20 Citi
Citi sees 'significant upside potential' in Velocity Financial, starts at Buy
VEL Velocity Financial
$5.00 /

+1.04 (+26.26%)

VEL Velocity Financial
$5.00 /

+1.04 (+26.26%)

Earnings
Velocity Financial reports Q1 core EPS 29c, consensus 49c » 08:37
05/13/20
05/13
08:37
05/13/20
08:37
VEL

Velocity Financial

$2.97 /

-0.17 (-5.41%)

Reports Q1 revenue…

Reports Q1 revenue $15.78M vs. $16.96M last quarter. President and CEO, Chris Farrar commented, "Our first quarter results reflect one-time costs from our corporate debt paydown with IPO proceeds and an increase to our loan loss reserve due to COVID-19. While the last two months have presented near-term challenges for Velocity's business, we remained profitable in the first quarter and have undertaken a number of steps to strengthen business continuity, improve the company's liquidity position and prioritize the safety and productivity of our employees. While it is still too early to accurately predict the ultimate impact of this health crisis on the economy and Velocity's short term operations, we are positioning the business to thrive in the long term." As a result of the severe market volatility due to the COVID-19 pandemic, Velocity temporarily suspended loan origination activities until markets stabilize. Many of the company's loan production staff have been placed on 60-day temporary furlough, effective May 1. In addition, our special servicing team implemented a forbearance program to help small investors and business owners manage through these unprecedented times.

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VEL Velocity Financial
$2.97 /

-0.17 (-5.41%)

VEL Velocity Financial
$2.97 /

-0.17 (-5.41%)

04/20/20 Raymond James
Velocity Financial price target lowered to $4.50 from $17 at Raymond James
04/15/20 Citi
Velocity Financial price target lowered to $6 from $18 at Citi
02/11/20 Raymond James
Velocity Financial initiated with an Outperform at Raymond James
02/11/20 Citi
Citi sees 'significant upside potential' in Velocity Financial, starts at Buy
VEL Velocity Financial
$2.97 /

-0.17 (-5.41%)

VEL Velocity Financial
$2.97 /

-0.17 (-5.41%)

Hot Stocks
Velocity Financial rises 7.4% » 09:47
04/20/20
04/20
09:47
04/20/20
09:47
VEL

Velocity Financial

$3.35 /

+0.27 (+8.77%)

Velocity Financial is up…

Velocity Financial is up 7.4%, or 23c to $3.33.

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VEL Velocity Financial
$3.35 /

+0.27 (+8.77%)

04/20/20 Raymond James
Velocity Financial price target lowered to $4.50 from $17 at Raymond James
04/15/20 Citi
Velocity Financial price target lowered to $6 from $18 at Citi
02/11/20 Raymond James
Velocity Financial initiated with an Outperform at Raymond James
02/11/20 Citi
Citi sees 'significant upside potential' in Velocity Financial, starts at Buy
Recommendations
Velocity Financial price target lowered to $4.50 from $17 at Raymond James » 07:59
04/20/20
04/20
07:59
04/20/20
07:59
VEL

Velocity Financial

$3.08 /

-0.07 (-2.22%)

Raymond James analyst…

Raymond James analyst Stephen Laws lowered the firm's price target on Velocity Financial to $4.50 from $17. Laws tells investors in a research note that Velocity recently announced a capital raise and amended financing terms with counterparties, actions which were needed to strengthen the company's liquidity position, but they were dilutive to book value, which he estimates is ~$8.50-$9.00 per share. While the current environment remains challenging and visibility is poor, Laws maintains an Outperform rating as he believes recent actions have positioned the company to navigate the current environment.

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VEL Velocity Financial
$3.08 /

-0.07 (-2.22%)

04/15/20 Citi
Velocity Financial price target lowered to $6 from $18 at Citi
02/11/20 Raymond James
Velocity Financial initiated with an Outperform at Raymond James
02/11/20 Citi
Citi sees 'significant upside potential' in Velocity Financial, starts at Buy
02/11/20 Raymond James
Velocity Financial initiated with an Outperform at Raymond James
Recommendations
Velocity Financial price target lowered to $6 from $18 at Citi » 06:44
04/15/20
04/15
06:44
04/15/20
06:44
VEL

Velocity Financial

$3.46 /

+0.04 (+1.17%)

Citi analyst Arren…

Citi analyst Arren Cyganovich lowered the firm's price target on Velocity Financial to $6 from $18 and keeps a Buy rating on the shares. With the capital markets funding shut and margin requirements on its warehouse lines, Velocity arranged dilutive converts and warrants and negotiated a margin freeze to fix its liquidity challenges, but this comes with meaningful shareholder dilution, Cyganovich tells investors in a research note. However, the analyst feels the shares are overlying discounting the company's remaining liquidity and credit risk.

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VEL Velocity Financial
$3.46 /

+0.04 (+1.17%)

02/11/20 Raymond James
Velocity Financial initiated with an Outperform at Raymond James
02/11/20 Citi
Citi sees 'significant upside potential' in Velocity Financial, starts at Buy
02/11/20 Raymond James
Velocity Financial initiated with an Outperform at Raymond James
02/11/20 JMP Securities
Velocity Financial initiated with an Outperform at JMP Securities
Over a quarter ago
Earnings
Velocity Financial reports Q4 EPS 44c, consensus 49c » 08:45
04/08/20
04/08
08:45
04/08/20
08:45
VEL

Velocity Financial

$3.32 /

+0.09 (+2.79%)

Velocity Financial…

Velocity Financial reported net interest income of $17.1 million, an increase of 40 percent from the fourth quarter of 2018. Net income for the fourth quarter of 2019 was $5.2 million, or 44c per diluted share on a pro forma basis, an increase of 167 percent from the fourth quarter of the prior year. Net operating income was $12.2 million, an 81 percent increase from the fourth quarter of 2018 and pro forma book value at December 31, 2019 was $13.01 per share.

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VEL Velocity Financial
$3.32 /

+0.09 (+2.79%)

02/11/20 Raymond James
Velocity Financial initiated with an Outperform at Raymond James
02/11/20 Citi
Citi sees 'significant upside potential' in Velocity Financial, starts at Buy
02/11/20 Raymond James
Velocity Financial initiated with an Outperform at Raymond James
02/11/20 JMP Securities
Velocity Financial initiated with an Outperform at JMP Securities
Conference/Events
Velocity Financial to host business news update conference call » 15:55
04/06/20
04/06
15:55
04/06/20
15:55
VEL

Velocity Financial

$3.30 /

+1.05 (+46.67%)

Conference call to…

Conference call to discuss agreement to issue and sell $45 M of Series A Convertible Preferred Stock and warrants to purchase shares of the Company's common stock to investment funds affiliated with Snow Phipps Group and TOBI III SPE I LLC will be held on April 6 at 4:30 pm. Webcast Link

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VEL Velocity Financial
$3.30 /

+1.05 (+46.67%)

02/11/20 Raymond James
Velocity Financial initiated with an Outperform at Raymond James
02/11/20 Citi
Citi sees 'significant upside potential' in Velocity Financial, starts at Buy
02/11/20 Raymond James
Velocity Financial initiated with an Outperform at Raymond James
02/11/20 JMP Securities
Velocity Financial initiated with an Outperform at JMP Securities
Hot Stocks
Velocity Financial rises 41.3% » 12:00
04/06/20
04/06
12:00
04/06/20
12:00
VEL

Velocity Financial

$3.50 /

+1.245 (+55.33%)

Velocity Financial is up…

Velocity Financial is up 41.3%, or $1.02 to $3.49.

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VEL Velocity Financial
$3.50 /

+1.245 (+55.33%)

02/11/20 Raymond James
Velocity Financial initiated with an Outperform at Raymond James
02/11/20 Citi
Citi sees 'significant upside potential' in Velocity Financial, starts at Buy
02/11/20 Raymond James
Velocity Financial initiated with an Outperform at Raymond James
02/11/20 JMP Securities
Velocity Financial initiated with an Outperform at JMP Securities
Conference/Events
Velocity Financial to host business news update conference call » 08:32
04/06/20
04/06
08:32
04/06/20
08:32
VEL

Velocity Financial

$2.25 /

-1.35 (-37.50%)

Conference call to…

Conference call to discuss agreement to issue and sell $45 M of Series A Convertible Preferred Stock and warrants to purchase shares of the Company's common stock to investment funds affiliated with Snow Phipps Group and TOBI III SPE I LLC will be held on April 6 at 4:30 pm. Webcast Link

ShowHide Related Items >><<
VEL Velocity Financial
$2.25 /

-1.35 (-37.50%)

02/11/20 Raymond James
Velocity Financial initiated with an Outperform at Raymond James
02/11/20 Citi
Citi sees 'significant upside potential' in Velocity Financial, starts at Buy
02/11/20 Raymond James
Velocity Financial initiated with an Outperform at Raymond James
02/11/20 JMP Securities
Velocity Financial initiated with an Outperform at JMP Securities
Hot Stocks
Velocity Financial falls -19.0% » 10:00
04/01/20
04/01
10:00
04/01/20
10:00
VEL

Velocity Financial

$6.05 /

-1.15 (-15.97%)

Velocity Financial is…

Velocity Financial is down -19.0%, or -$1.43 to $6.10.

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VEL Velocity Financial
$6.05 /

-1.15 (-15.97%)

02/11/20 Raymond James
Velocity Financial initiated with an Outperform at Raymond James
02/11/20 Citi
Citi sees 'significant upside potential' in Velocity Financial, starts at Buy
02/11/20 Raymond James
Velocity Financial initiated with an Outperform at Raymond James
02/11/20 JMP Securities
Velocity Financial initiated with an Outperform at JMP Securities

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