Finance of America CIO Jeremy Prahm sells $79,202 in FOA shares

Jeremy Prahm, Chief Investment Officer at Finance of America Companies Inc. (NASDAQ:FOA), sold 6,000 shares of the company’s Class A Common Stock on October 5, 2026. The transactions totaled $79,202, with prices ranging from $12.97 to $13.41 per share. The sale comes as FOA stock trades at $12.82, down 47% year-to-date, though InvestingPro analysis suggests the stock is undervalued at current levels, appearing on the platform’s Most Undervalued list.

The shares were sold at a weighted average price of $13.2004. This sale was executed under a Rule 10b5-1 trading plan, which Mr. Prahm adopted on December 22, 2025. Following this transaction, Mr. Prahm directly holds 155,856 shares of Finance of America Companies Inc. Class A Common Stock. InvestingPro subscribers have access to 11 additional ProTips for FOA, including insights on the company’s expected return to profitability this year.

In other recent news, Finance of America reported its second-quarter 2026 earnings, revealing adjusted earnings of $0.84 per share on revenue of $62 million. These figures fell short of Wall Street’s expectations, which had projected earnings of $1.12 per share and revenue of $128.96 million. Despite the revenue shortfall, the company highlighted stronger cash generation and higher year-over-year profit, while also reaffirming its full-year guidance. Analysts and investors are likely considering these mixed signals as they assess the company’s financial health. The earnings miss may have implications for future analyst ratings and investor sentiment. However, the company’s decision to maintain its full-year guidance could suggest confidence in its ongoing operations. These developments are part of the latest updates surrounding Finance of America.