Anywhere Real Estate (NYSE:HOUS) Shares Gap Down to $5.41

Anywhere Real Estate Inc. (NYSE:HOUS) gapped down before the market opened on Thursday . The stock had previously closed at $5.41, but opened at $5.00. Anywhere Real Estate shares last traded at $5.11, with a volume of 474,652 shares.

Analysts Set New Price Targets

A number of research firms have weighed in on HOUS. Stephens boosted their target price on shares of Anywhere Real Estate from $5.50 to $8.00 and gave the stock an “equal weight” rating in a research note on Friday, February 16th. Barclays decreased their target price on shares of Anywhere Real Estate from $5.00 to $4.50 and set an “underweight” rating on the stock in a research note on Friday.

Anywhere Real Estate Trading Up 3.2 %

The business’s fifty day moving average price is $5.75 and its 200 day moving average price is $6.09. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.37 and a current ratio of 0.30.

Anywhere Real Estate (NYSE:HOUS) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.07. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.27 billion. Anywhere Real Estate had a negative net margin of 1.07% and a negative return on equity of 6.21%. Anywhere Real Estate’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.85) earnings per share. Equities analysts anticipate that Anywhere Real Estate Inc. will post -0.04 earnings per share for the current year.

Hedge Funds Weigh In On Anywhere Real Estate

A number of hedge funds have recently modified their holdings of the business. New York State Teachers Retirement System lifted its holdings in Anywhere Real Estate by 6.9% in the third quarter. New York State Teachers Retirement System now owns 141,293 shares of the company’s stock valued at $909,000 after buying an additional 9,134 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Anywhere Real Estate by 55.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,745 shares of the company’s stock valued at $159,000 after buying an additional 8,834 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Anywhere Real Estate by 1,109.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 10,387 shares of the company’s stock valued at $67,000 after buying an additional 9,528 shares during the period. Olympiad Research LP acquired a new position in Anywhere Real Estate in the third quarter valued at $87,000. Finally, Syon Capital LLC acquired a new position in Anywhere Real Estate in the third quarter valued at $92,000. Institutional investors and hedge funds own 97.56% of the company’s stock.

About Anywhere Real Estate

Anywhere Real Estate Inc, through its subsidiaries, provides residential real estate services in the United States and internationally. The company operates through three segments: Anywhere Brands, Anywhere Advisors, and Anywhere Integrated Services. The Anywhere Brands segment franchises the Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, and Sotheby's International Realty brand names.