BTIG Reiterates Buy Rating for Velocity Financial
BTIG analyst Douglas Harter maintains a buy rating on Velocity Financial, Inc. with a $22 price target, a 26.58% upside from the current price.
Key Points
- BTIG reiterated its buy rating on Velocity Financial, Inc. (NYSE:VEL) with a target price of $22.
- BTIG's $22 price target implies 26.58% upside from Velocity Financial, Inc.'s ($VEL) current $17.38 share price.
- Shares of Velocity Financial trade at $17.74, with a market cap of $690.9 million and a P/E ratio of 6.26.
- Recent insider activity includes both buying and selling, with notable transactions in May 2026.
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BTIG analyst Douglas Harter has reiterated a buy rating on Velocity Financial, Inc. (NYSE:VEL) as of June 17, 2026. The firm set a price target of $22 for the stock. Velocity Financial shares are currently trading at $17.74 on the NYSE.
Other Institutional Activity in Velocity Financial
Several institutional investors have made moves in Velocity Financial. Snow Phipps Group, LLC holds 13,353,103 shares valued at approximately $241.6 million, unchanged in recent activity. Allianz Asset Management GmbH also maintained its position with 12,637,764 shares worth about $228.6 million. Beach Point Capital Management LP increased its stake by 563,046 shares to a total of 6,558,512 shares, valued at $118.6 million. Meanwhile, BlackRock, Inc. slightly reduced its holdings by 30,198 shares, now holding 1,641,916 shares valued at $29.7 million. Dimensional Fund Advisors LP added 80,528 shares, bringing its total to 582,550 shares worth $10.5 million.
Velocity Financial, Inc. Stock Down 3.5%
Velocity Financial, Inc. (NYSE:VEL) is trading at $17.74 with a market capitalization of approximately $690.9 million. The company has a P/E ratio of 6.26 and a beta of 0.706, indicating lower volatility compared to the market. The stock's 52-week range is between $16.19 and $21.39, with a 50-day moving average of $18.25 and a 200-day moving average of $18.66. The company's current ratio stands at 27.35, with a quick ratio of 27.11 and a high debt-to-equity ratio of 965.24.
$VEL price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Velocity Financial reported revenues of $271.6 million, showing a modest growth of 1.32%. The company achieved an EPS of $2.81, with a net margin of 39.96% and a return on equity of 17.21%. The next earnings report is expected on August 6, 2026.
Insider Buying and Selling at Velocity Financial, Inc.
Recent insider transactions at Velocity Financial include both purchases and sales. On May 26, 2026, Joy Schaefer and John Pitstick each sold 3,603 shares at an average price of $17.17. Earlier, on May 21, 2026, Dorika Beckett, John Pitstick, and Joy Schaefer each bought 5,413 shares at $17.55. Additionally, CFO Mark Szczepaniak sold 1,573 shares at $19.30 on May 1, 2026, as part of a planned sale.
Analysts Set New Price Targets
On June 17, 2026, BTIG maintained its buy rating on Velocity Financial with a $22 price target. Previously, on May 7, 2026, Citizens also maintained a buy rating, setting a higher target at $23.5. Overall, analysts have a consensus hold rating, with a mean target price of $22.17 based on three opinions.
About Velocity Financial, Inc.
Velocity Financial, Inc. is a real estate finance company based in Westlake Village, California. Founded in 2004, it specializes in originating, securitizing, and managing a portfolio of loans secured by real estate, including residential rental properties and commercial loans. The company operates through a network of independent mortgage brokers and direct borrower relationships. Velocity Financial is led by CEO Christopher D. Farrar and employs 364 people.
Bottom Line
BTIG's reiteration of a buy rating for Velocity Financial, Inc. with a $22 target reflects continued positive sentiment from analysts. Investors closely watch these ratings as part of their decision-making process. With its current market position and recent insider activities, Velocity Financial remains under scrutiny in the financial services sector.
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