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Velocity Financial, Inc. VEL

Set alert

Price alert · VEL

All alert types
15.72 USD -0.23 -1.44%

At close · Oct 30

15.72 0.00 0.00%

After hours · Oct 30, 5:05 PM ET

Bid
15.66 × 500
Ask
15.86 × 700
15.48 Day range 16.12
14.51 52-week range 20.76
YTD
-24.28%
1 year
-14.47%
Open
16.09
Prev close
15.95
Mkt cap
620.65M
Vol
116.12K
Avg vol
158.48K
EPS
2.75
P/E
5.72
Div yield
0.00%
More statistics
Low
15.48
High
16.12
Forward P/E
9.08
Beta
1.03
Short ratio
18.41
Inst. own
98.75%
Dividend
0.00
Ex-div date
Earnings
Aug 1, 2024
50-d avg
19.98
200-d avg
18.69
1y target
21.75

2Y chart

Chart tools
Interval

Events in this range
  • Nov 7, 2024Earnings: 0.47; estimate 0.47; surprise 0%
  • Nov 12, 2024Rating: BTIG · Buy → Buy
Signals (90)
NameDateAgo
MACD: Buy SignalOct 12, 20262 weeks ago
RSI: OversoldSep 16, 20261 month ago
SMA: BearishSep 14, 20261 month ago
MACD: Sell SignalSep 9, 20261 month ago
MACD: Buy SignalSep 4, 20261 month ago
SMA: BullishAug 27, 20262 months ago
SMA: BearishAug 26, 20262 months ago
MACD: Sell SignalAug 26, 20262 months ago
SMA: BullishAug 3, 20263 months ago
SMA: BearishJul 30, 20263 months ago
MACD: Buy SignalJul 28, 20263 months ago
SMA: BullishJul 27, 20263 months ago
SMA: BearishJul 17, 20263 months ago
SMA: BullishJul 16, 20263 months ago
MACD: Sell SignalJul 9, 20263 months ago
SMA: BearishJul 7, 20263 months ago
SMA: BearishJul 2, 20264 months ago
SMA: BullishJul 1, 20264 months ago
SMA: BullishJun 30, 20264 months ago
SMA: BearishJun 29, 20264 months ago
SMA: BullishJun 26, 20264 months ago
MACD: Buy SignalMay 28, 20265 months ago
SMA: BearishMay 7, 20265 months ago
SMA: BearishMay 7, 20265 months ago
MACD: Sell SignalApr 29, 20266 months ago
SMA: BullishApr 9, 20266 months ago
SMA: BullishApr 8, 20266 months ago
MACD: Buy SignalMar 25, 20267 months ago
RSI: OversoldMar 13, 20267 months ago
RSI: OversoldMar 6, 20268 months ago
SMA: BearishMar 2, 20268 months ago
SMA: BearishFeb 19, 20268 months ago
MACD: Sell SignalFeb 11, 20268 months ago
MACD: Buy SignalJan 16, 20269 months ago
SMA: BullishJan 14, 20269 months ago
SMA: BullishJan 8, 20269 months ago
SMA: BearishJan 7, 20269 months ago
SMA: BearishJan 5, 202610 months ago
MACD: Sell SignalJan 5, 202610 months ago
MACD: Buy SignalDec 31, 202510 months ago
RSI: OverboughtDec 31, 202510 months ago
MACD: Sell SignalDec 22, 202510 months ago
MACD: Buy SignalDec 10, 202510 months ago
MACD: Sell SignalDec 9, 202510 months ago
RSI: OverboughtNov 26, 202511 months ago
MACD: Buy SignalNov 25, 202511 months ago
SMA: BullishNov 24, 202511 months ago
SMA: BearishNov 21, 202511 months ago
SMA: BullishNov 20, 202511 months ago
SMA: BearishNov 12, 202511 months ago
MACD: Sell SignalNov 12, 202511 months ago
SMA: BullishNov 11, 202511 months ago
SMA: BearishNov 10, 202511 months ago
SMA: BullishOct 31, 20251 year ago
SMA: BearishOct 29, 20251 year ago
SMA: BullishOct 24, 20251 year ago
SMA: BullishOct 22, 20251 year ago
MACD: Buy SignalOct 22, 20251 year ago
SMA: BearishSep 29, 20251 year ago
SMA: BearishSep 29, 20251 year ago
SMA: BullishSep 18, 20251 year ago
SMA: BullishSep 17, 20251 year ago
SMA: BearishSep 16, 20251 year ago
SMA: BearishSep 16, 20251 year ago
MACD: Sell SignalSep 4, 20251 year ago
SMA: BullishAug 11, 20251 year ago
MACD: Buy SignalAug 11, 20251 year ago
RSI: OversoldJul 31, 20251 year ago
SMA: BearishJul 24, 20251 year ago
SMA: BullishJul 22, 20251 year ago
SMA: BearishJul 18, 20251 year ago
MACD: Sell SignalJun 30, 20251 year ago
RSI: OverboughtJun 10, 20251 year ago
SMA: BullishJun 9, 20251 year ago
MACD: Buy SignalMay 20, 20251 year ago
RSI: OversoldMay 9, 20251 year ago
MACD: Sell SignalMay 6, 20251 year ago
MACD: Buy SignalApr 23, 20251 year ago
RSI: OversoldApr 10, 20251 year ago
RSI: OversoldApr 7, 20251 year ago
SMA: BearishMar 25, 20251 year ago
SMA: BullishMar 24, 20251 year ago
SMA: BearishMar 21, 20251 year ago
SMA: BullishMar 19, 20251 year ago
SMA: BearishMar 18, 20251 year ago
MACD: Sell SignalMar 18, 20251 year ago
RSI: OverboughtMar 7, 20251 year ago
SMA: BullishMar 6, 20251 year ago
MACD: Buy SignalJan 28, 20251 year ago
RSI: OverboughtNov 21, 20241 year ago

Key statistics

Market cap
640.44M
Enterprise value
5.20B
Trailing P/E
10.51
Forward P/E
9.08
PEG ratio
0.00
Price / sales
3.96
Price / book
1.32
EPS (TTM)
1.84
Beta
1.03
Dividend yield
0.00%
Payout ratio
0.00%
Profit margin
40.28%
Revenue (TTM)
161.83M
Revenue growth
29.10%
Free cash flow
0
Total cash
44.09M
Total debt
4.57B
Return on equity
14.28%
Shares outstanding
33.11M
Short % of float
19.62%
50-day average
19.98
200-day average
18.69

Analyst view

Consensus: none

Price target (mean) 21.75 +38.4% upside
Target (low)
20.00
Target (mean)
21.75
Target (high)
23.00
Ratings (0m) 4 3 buy · 0 hold · 1 sell
  • Strong buy2
  • Buy1
  • Hold0
  • Sell1
  • Strong sell0

Next earnings

Aug 1, 2024

Expected Aug 1, 2024. Consensus EPS estimate 0.4825.

Earnings history

Financials — quick view

All financials
VEL Revenue — quarterly 94.99M
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
VEL Net income — quarterly 25.16M
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
VEL EPS — quarterly 0.64
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026

Earnings

VEL recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Nov 7, 2024Sep 1, 20240.470.470.000.00%
Aug 1, 2024Jun 1, 20240.430.45+0.02+4.65%
Aug 1, 2024Jun 1, 20240.43———
May 2, 2024Mar 1, 20240.40———
May 2, 2024Mar 1, 20240.400.51+0.11+27.50%
Mar 7, 2024Dec 1, 20230.36———

Upgrades / downgrades

VEL analyst upgrades and downgrades
DateFirmActionFromTo
Nov 12, 2024BTIGmainBuyBuy
Sep 20, 2024Wells FargodownOverweightUnderweight
Sep 16, 2024JMP SecuritiesreitMarket OutperformMarket Outperform
Aug 2, 2024BTIGmainBuyBuy
Aug 2, 2024JMP SecuritiesmainMarket OutperformMarket Outperform
May 30, 2024Raymond JamesreitOutperformOutperform

About Velocity Financial, Inc.

Velocity Financial, Inc. operates as a real estate finance company in the United States. It originates, securitizes, and manages a portfolio of loans, which are secured by first mortgage liens on income-producing and/or owner/user commercial properties, including investor 1-4, a non-owner occupied residential rental properties with 1-4 units; residential apartments combined with office or retail space; and multi-family comprising traditional apartment buildings, condominiums, and other residential properties with 5+ units. The company also finances for retail properties with various types of retail products and merchandise or services; commercial properties occupied by professional or business offices; and warehouse and other properties, which include self-storage units, auto services, hospitality, light industrial, and other commercial enterprises, as well as provides short-term and interest-only loans for acquisition and improvement of 1-4-unit residential properties. It offers its products through a network of independent mortgage brokers for independent real estate investors and small business owners. The company was founded in 2004 and is headquartered in Westlake Village, California.

Sector
Financial Services
Industry
Mortgage Finance
Country
United States

News

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Insider holders

VEL insider holders
InsiderRelationLatest transactionDateShares held
BECKETT DORIKA MDirectorStock Award(Grant)May 16, 202429,785
FARRAR CHRISTOPHER D.Chief Executive OfficerStock Award(Grant)Jan 22, 2024611,063
KELLY ROLAND THOMASGeneral CounselStock Award(Grant)Jan 22, 202474,592
PITSTICK JOHN PDirectorStock Award(Grant)May 16, 202458,134
SCHAEFER JOY L.DirectorStock Award(Grant)May 16, 202437,601
SZCZEPANIAK MARK RChief Financial OfficerStock Award(Grant)Jan 22, 2024116,530

Institution ownership

VEL institution ownership
Holder% heldSharesValueReported
Snow Phipps Group, LLC37.06%12,272,765237.36MSep 29, 2024
Allianz Asset Management GmbH33.11%10,963,806212.04MSep 29, 2024
Beach Point Capital Management LP16.72%5,536,166107.07MSep 29, 2024
Blackrock Inc.3.04%1,008,03819.50MSep 29, 2024
Vanguard Group Inc1.41%467,9089.05MSep 29, 2024
Adage Capital Partners GP L.L.C.1.41%465,3499.00MSep 29, 2024

Fund ownership

VEL fund ownership
Holder% heldSharesValueReported
Vanguard Total Stock Market Index Fund0.79%260,9005.05MSep 29, 2024
iShares Russell 2000 ETF0.73%240,1024.64MOct 30, 2024
Bridgeway Fds Inc-Omni Small Cap Value Fund0.47%156,6503.03MSep 29, 2024
EA Series Trust-EA Bridgeway Omni Small-Cap Value ETF0.42%138,4612.68MSep 29, 2024
Vanguard Extended Market Index Fund0.42%138,3802.68MSep 29, 2024
iShares Russell 2000 Value ETF0.29%95,0811.84MOct 30, 2024
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