Impac Mortgage Holdings Inc. (NYSEMKT:IMH) was upgraded by equities research analysts at JMP Securities from a “market perform” rating to an “outperform” rating in a research report issued on Wednesday. The firm presently has a $20.00 target price on the stock. JMP Securities’ price objective points to a potential upside of 37.93% from the company’s previous close.
Impac Mortgage Holdings (NYSEMKT:IMH) remained flat at $14.50 on Wednesday. The stock had a trading volume of 62,288 shares. Impac Mortgage Holdings has a one year low of $11.51 and a one year high of $24.22. The company’s 50-day moving average price is $15.00 and its 200 day moving average price is $15.19. The firm has a market cap of $181.70 million, a PE ratio of 4.27 and a beta of 0.91.
Impac Mortgage Holdings (NYSEMKT:IMH) last announced its earnings results on Friday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter. Analysts predict that Impac Mortgage Holdings will post $4.35 earnings per share for the current year.
In other Impac Mortgage Holdings news, major shareholder Richard H/ Pickup bought 12,786 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was acquired at an average cost of $15.74 per share, with a total value of $201,251.64. Following the purchase, the insider now owns 100,000 shares in the company, valued at $1,574,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.