loanDepot (NYSE:LDI) Lowered to Sell Rating by Wall Street Zen

loanDepot (NYSE:LDI) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Separately, UBS Group boosted their price target on shares of loanDepot from $1.25 to $1.40 and gave the stock a “neutral” rating in a report on Wednesday, July 16th.

loanDepot Stock Performance

LDI opened at $1.96 on Friday. The company has a debt-to-equity ratio of 6.71, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a fifty day moving average price of $1.58 and a 200 day moving average price of $1.43. loanDepot has a 1 year low of $1.01 and a 1 year high of $3.23. The stock has a market cap of $644.97 million, a P/E ratio of -5.92 and a beta of 3.35.

Insider Buying and Selling at loanDepot

In related news, insider Jeff Alexander Walsh sold 37,514 shares of the business’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $2.00, for a total value of $75,028.00. Following the completion of the sale, the insider owned 4,103,237 shares of the company’s stock, valued at approximately $8,206,474. The trade was a 0.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anthony Li Hsieh sold 267,326 shares of the business’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $2.01, for a total transaction of $537,325.26. Following the completion of the sale, the chief executive officer directly owned 9,072,771 shares of the company’s stock, valued at approximately $18,236,269.71. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,182,412 shares of company stock valued at $2,381,655. 78.05% of the stock is owned by insiders.

Institutional Investors Weigh In On loanDepot

A number of large investors have recently modified their holdings of LDI. LPL Financial LLC grew its holdings in shares of loanDepot by 39.3% during the fourth quarter. LPL Financial LLC now owns 40,035 shares of the company’s stock worth $82,000 after buying an additional 11,286 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of loanDepot by 70.5% during the fourth quarter. JPMorgan Chase & Co. now owns 306,221 shares of the company’s stock worth $625,000 after buying an additional 126,615 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of loanDepot by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 775,097 shares of the company’s stock worth $1,582,000 after buying an additional 54,350 shares in the last quarter. Barclays PLC grew its holdings in shares of loanDepot by 25.1% during the fourth quarter. Barclays PLC now owns 998,259 shares of the company’s stock worth $2,036,000 after buying an additional 200,000 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of loanDepot during the fourth quarter worth $81,000. Hedge funds and other institutional investors own 39.39% of the company’s stock.

About loanDepot

loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. The company offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. It 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.