loanDepot, Inc. (NYSE:LDI) Given Average Rating of “Strong Sell” by Analysts

Shares of loanDepot, Inc. (NYSE:LDI) have received a consensus rating of “Strong Sell” from the five ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $2.3833.

LDI has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of loanDepot in a report on Thursday, January 22nd. BTIG Research reiterated a “neutral” rating on shares of loanDepot in a report on Wednesday, March 11th. Zacks Research lowered loanDepot from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 18th. Bank of America set a $1.75 target price on loanDepot in a research note on Monday, December 1st. Finally, The Goldman Sachs Group set a $2.40 target price on loanDepot in a report on Tuesday, January 6th.

loanDepot Price Performance

Shares of loanDepot stock opened at $1.46 on Friday. The firm has a market cap of $487.47 million, a PE ratio of -5.02, a price-to-earnings-growth ratio of 0.47 and a beta of 3.47. loanDepot has a 12-month low of $1.01 and a 12-month high of $5.05. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 8.22. The company’s fifty day simple moving average is $2.08 and its two-hundred day simple moving average is $2.62.

loanDepot (NYSE:LDI) last issued its quarterly earnings data on Tuesday, March 10th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The firm had revenue of $316.27 million for the quarter, compared to the consensus estimate of $333.29 million. loanDepot had a negative net margin of 5.27% and a negative return on equity of 18.29%. As a group, equities analysts expect that loanDepot will post -0.23 EPS for the current year.

Insider Transactions at loanDepot

In other loanDepot news, CEO Anthony Li Hsieh sold 884,495 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $2.70, for a total transaction of $2,388,136.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 83.04% of the company’s stock.

Institutional Investors Weigh In On loanDepot

Several institutional investors and hedge funds have recently modified their holdings of LDI. Leisure Capital Management purchased a new position in shares of loanDepot during the 3rd quarter worth approximately $1,535,000. Continental Advisors LLC purchased a new position in shares of loanDepot in the 2nd quarter valued at approximately $656,000. Alight Capital Management LP purchased a new position in shares of loanDepot in the 3rd quarter valued at approximately $1,382,000. MAI Capital Management bought a new stake in shares of loanDepot during the second quarter valued at approximately $53,000. Finally, Quadrature Capital Ltd purchased a new stake in loanDepot in the second quarter worth $114,000. 39.39% of the stock is owned by hedge funds and other institutional investors.

About loanDepot

loanDepot, Inc (NYSE: LDI) is a leading non-bank consumer lender that provides a broad range of home and personal financing products through a digitally enabled platform. The company specializes in originating and servicing purchase and refinance mortgage loans, home equity lines of credit (HELOCs), and personal loans. Through its proprietary mello™ technology suite, loanDepot streamlines the application, underwriting, and closing processes for borrowers and real estate professionals, emphasizing speed, transparency, and a seamless digital experience.

Founded in 2010 by Anthony Hsieh, loanDepot has grown rapidly to become one of the largest independent mortgage lenders in the United States.