John Hoon Lee Sells 200,000 Shares of loanDepot, Inc. (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDIGet Rating) Director John Hoon Lee sold 200,000 shares of loanDepot stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $1.58, for a total value of $316,000.00. Following the sale, the director now directly owns 1,662,556 shares of the company’s stock, valued at $2,626,838.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

loanDepot Trading Up 2.7 %

Shares of LDI opened at $1.51 on Thursday. loanDepot, Inc. has a 52-week low of $1.34 and a 52-week high of $8.89. The business’s fifty day moving average is $1.70 and its 200-day moving average is $2.47. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $473.11 million, a price-to-earnings ratio of -3.28 and a beta of 2.08.

loanDepot (NYSE:LDIGet Rating) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($1.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.85). The firm had revenue of $308.64 million for the quarter, compared to the consensus estimate of $363.13 million. loanDepot had a negative return on equity of 4.87% and a negative net margin of 3.10%. Equities analysts anticipate that loanDepot, Inc. will post -1.14 EPS for the current fiscal year.

Institutional Investors Weigh In On loanDepot

Hedge funds and other institutional investors have recently bought and sold shares of the company. Truist Financial Corp bought a new stake in loanDepot during the 1st quarter worth $68,000. Boulder Hill Capital Management LP bought a new stake in shares of loanDepot in the 1st quarter valued at about $188,000. Renaissance Technologies LLC grew its position in shares of loanDepot by 1,293.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,025,400 shares of the company’s stock valued at $4,922,000 after buying an additional 951,819 shares during the last quarter. Mraz Amerine & Associates Inc. bought a new stake in shares of loanDepot in the 1st quarter valued at about $77,000. Finally, Willis Johnson & Associates Inc. bought a new stake in shares of loanDepot in the 1st quarter valued at about $49,000. Institutional investors own 4.12% of the company’s stock.

Analyst Ratings Changes

LDI has been the subject of several research reports. Credit Suisse Group dropped their price target on loanDepot to $3.25 in a report on Monday, August 22nd. The Goldman Sachs Group lifted their price objective on loanDepot to $1.70 and gave the company a “neutral” rating in a report on Wednesday, July 13th. Barclays dropped their price objective on loanDepot from $3.00 to $2.00 and set an “equal weight” rating for the company in a report on Monday, July 11th. Finally, Piper Sandler dropped their price objective on loanDepot from $3.50 to $3.00 and set a “neutral” rating for the company in a report on Tuesday, June 28th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.56.

loanDepot Company Profile

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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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