Velocity Financial, Inc. (VEL)

Market Cap	666.93M
Revenue (ttm)	161.83M
Net Income (ttm)	64.38M
Shares Out	33.11M
EPS (ttm)	1.84
PE Ratio	10.96
Forward PE	9.58
Dividend	n/a
Ex-Dividend Date	n/a

Volume	13,880
Open	20.03
Previous Close	20.07
Day's Range	20.03 - 20.18
52-Week Range	13.54 - 20.51
Beta	1.03
Analysts	Buy
Price Target	20.80 (+3.28%)
Earnings Date	Nov 7, 2024

About VEL

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 fina...

• Industry: Mortgage Finance
• Sector: Financials
• IPO Date: Jan 17, 2020
• Employees: 253
• Stock Exchange: NYSE
• Ticker Symbol: VEL
• Website: https://www.velfinance.com

Financial Performance

In 2023, Velocity Financial's revenue was $131.72 million, an increase of 39.64% compared to the previous year's $94.33 million. Earnings were $51.52 million, an increase of 62.42%.

Analyst Forecast

According to 5 analysts, the average rating for VEL stock is "Buy." The 12-month stock price forecast is $20.8, which is an increase of 3.28% from the latest price.

Price Target

$20.8

(3.28% upside)

Analyst Consensus: Buy