loanDepot, Inc. (NYSE:LDI – Get Rating) insider Jeffrey Michael Dergurahian sold 100,000 shares of loanDepot stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $1.63, for a total transaction of $163,000.00. Following the transaction, the insider now directly owns 6,842,969 shares in the company, valued at $11,154,039.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Jeffrey Michael Dergurahian also recently made the following trade(s):
- On Thursday, July 7th, Jeffrey Michael Dergurahian sold 100,000 shares of loanDepot stock. The shares were sold at an average price of $1.53, for a total transaction of $153,000.00.
- On Wednesday, June 22nd, Jeffrey Michael Dergurahian sold 100,000 shares of loanDepot stock. The shares were sold at an average price of $1.47, for a total transaction of $147,000.00.
loanDepot Trading Down 2.9 %
Shares of loanDepot stock opened at $1.66 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a fifty day moving average price of $2.03 and a 200 day moving average price of $3.29. loanDepot, Inc. has a 1 year low of $1.34 and a 1 year high of $11.39. The stock has a market cap of $517.44 million, a PE ratio of 6.15 and a beta of 1.81.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the stock. JMP Securities downgraded shares of loanDepot from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 11th. Piper Sandler lowered their target price on shares of loanDepot from $3.50 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, June 28th. Citigroup downgraded shares of loanDepot from a “neutral” rating to a “sell” rating and lowered their target price for the company from $5.00 to $2.00 in a research note on Wednesday, May 11th. Barclays lowered their target price on shares of loanDepot from $3.00 to $2.00 and set an “equal weight” rating for the company in a research note on Monday, July 11th. Finally, The Goldman Sachs Group raised their target price on shares of loanDepot to $1.70 and gave the company a “neutral” rating in a research note on Wednesday, July 13th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $5.05.
Institutional Trading of loanDepot
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in loanDepot by 1,293.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,025,400 shares of the company’s stock worth $4,922,000 after acquiring an additional 951,819 shares during the last quarter. HST Ventures LLC acquired a new position in loanDepot during the fourth quarter worth about $1,049,000. Mraz Amerine & Associates Inc. acquired a new position in loanDepot during the first quarter worth about $77,000. Oregon Public Employees Retirement Fund boosted its position in loanDepot by 287.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,992,633 shares of the company’s stock worth $9,565,000 after acquiring an additional 1,478,331 shares during the last quarter. Finally, State of Michigan Retirement System acquired a new position in loanDepot during the fourth quarter worth about $5,182,000. Hedge funds and other institutional investors own 4.12% of the company’s stock.
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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