A share of Anywhere Real Estate Inc. (NYSE:HOUS) closed at $5.19 per share on Tuesday, down from $5.37 day before. While Anywhere Real Estate Inc. has underperformed by -3.35%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HOUS fell by -66.60%, with highs and lows ranging from $16.26 to $4.33, whereas the simple moving average fell by -36.56% in the last 200 days.
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On February 28, 2023, Keefe Bruyette Downgraded Anywhere Real Estate Inc. (NYSE: HOUS) to Mkt Perform. A report published by JP Morgan on December 16, 2022, Downgraded its rating to ‘Neutral’ for HOUS. Compass Point also rated HOUS shares as ‘Buy’, setting a target price of $13.50 on the company’s shares in an initiating report dated September 19, 2022.
Analysis of Anywhere Real Estate Inc. (HOUS)
Further, the quarter-over-quarter decrease in sales is -33.00%, showing a negative trend in the upcoming months.
Anywhere Real Estate Inc.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -13.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.60, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and HOUS is registering an average volume of 1.85M. On a monthly basis, the volatility of the stock is set at 6.06%, whereas on a weekly basis, it is put at 4.17%, with a gain of 7.45% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.38, showing growth from the present price of $5.19, which can serve as yet another indication of whether HOUS is worth investing in or should be passed over.
How Do You Analyze Anywhere Real Estate Inc. Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.20%. This can enable you to see the extent to which executives own the company’s stock.
Are institutional investors increasing their holdings in HOUS shares?
The recent increase in stakes in HOUS appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in HOUS has decreased by -2.11% in the first quarter. The company now owns 18,098,194 shares of the stock, with a value of $104.79 million, following the sale of -390,446 additional shares during the last quarter. BlackRock Fund Advisors made another decreased to its shares in HOUS during the first quarter, downing its stake by -6.06%. During the last quarter, the company picked up -1,140,534 additional shares for a total stake of worth $102.4 million, bringing number of shares owned by the company to 17,684,845.
During the first quarter, Angelo, Gordon & Co. LP added a 414,212 position in HOUS. Fidelity Management & Research Co sold an additional -0.85 million shares in the last quarter, decreasing its holdings by -9.50%, now holding 8.12 million shares worth $47.04 million. At the end of the first quarter, Southeastern Asset Management, In decreased its HOUS holdings by -38.15% and now holds 6.54 million HOUS shares valued at $37.89 million with the lessened -4.04 million shares during the period.
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