loanDepot, Inc. (NYSE:LDI – Get Free Report) has received an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $2.00.
LDI has been the topic of several recent analyst reports. UBS Group increased their target price on shares of loanDepot from $1.75 to $2.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 30th. The Goldman Sachs Group cut their price target on shares of loanDepot from $2.00 to $1.75 and set a “neutral” rating on the stock in a report on Tuesday, October 3rd.
Insider Buying and Selling
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Cannell Capital LLC grew its position in loanDepot by 281.4% during the first quarter. Cannell Capital LLC now owns 3,913,633 shares of the company’s stock valued at $6,301,000 after buying an additional 2,887,391 shares during the period. Vanguard Group Inc. boosted its position in shares of loanDepot by 61.8% during the first quarter. Vanguard Group Inc. now owns 2,420,998 shares of the company’s stock worth $10,047,000 after acquiring an additional 925,002 shares during the last quarter. Prelude Capital Management LLC raised its stake in loanDepot by 232.2% during the first quarter. Prelude Capital Management LLC now owns 518,956 shares of the company’s stock valued at $836,000 after purchasing an additional 362,749 shares in the last quarter. Renaissance Technologies LLC raised its stake in loanDepot by 39.4% during the second quarter. Renaissance Technologies LLC now owns 1,100,305 shares of the company’s stock valued at $1,584,000 after purchasing an additional 310,820 shares in the last quarter. Finally, Balyasny Asset Management LLC purchased a new stake in shares of loanDepot in the third quarter valued at $244,000. 53.01% of the stock is owned by hedge funds and other institutional investors.
loanDepot Stock Up 0.7 %
LDI opened at $1.42 on Monday. The company has a 50 day moving average of $1.59 and a 200 day moving average of $1.86. The company has a market cap of $453.58 million, a PE ratio of -1.53 and a beta of 2.53. loanDepot has a 12 month low of $1.14 and a 12 month high of $3.02. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 3.62.
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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