Several other research analysts also recently commented on LDI. Zacks Investment Research downgraded shares of loanDepot from a “hold” rating to a “sell” rating in a research note on Wednesday, February 2nd. The Goldman Sachs Group cut their price target on shares of loanDepot from $4.80 to $3.90 and set a “neutral” rating on the stock in a report on Monday, April 4th. Raymond James cut shares of loanDepot from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 2nd. Piper Sandler cut their price target on shares of loanDepot from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Tuesday, April 5th. Finally, Barclays cut their price target on shares of loanDepot from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 12th. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $8.34.
Shares of NYSE LDI opened at $2.38 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.22. loanDepot has a 52 week low of $2.00 and a 52 week high of $16.95. The firm’s fifty day moving average is $3.64 and its 200 day moving average is $4.60. The company has a market cap of $740.01 million, a price-to-earnings ratio of 2.70 and a beta of 1.21.
In other news, CFO Patrick J. Flanagan sold 75,000 shares of the business’s stock in a transaction on Monday, March 7th. The shares were sold at an average price of $3.88, for a total transaction of $291,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 225,000 shares of company stock worth $796,500.
Institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI bought a new position in loanDepot in the 1st quarter worth about $28,000. Buckingham Strategic Partners purchased a new position in loanDepot in the 1st quarter worth about $42,000. Willis Johnson & Associates Inc. purchased a new position in loanDepot in the 1st quarter worth about $49,000. Capstone Financial Advisors Inc. purchased a new position in loanDepot in the 3rd quarter worth about $68,000. Finally, Truist Financial Corp purchased a new position in loanDepot in the 1st quarter worth about $68,000. Institutional investors own 4.12% of the company’s stock.
loanDepot Company Profile (Get Rating)
loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. It offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. The company also provides settlement services, which include captive title and escrow business; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies.
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