Wall Street Zen Downgrades Landsea Homes (NASDAQ:LSEA) to Strong Sell

Wall Street Zen cut shares of Landsea Homes (NASDAQ:LSEA - Free Report) to a strong sell rating in a research report report published on Friday morning.

Other equities research analysts have also recently issued research reports about the company. Wedbush reiterated a "neutral" rating and issued a $11.30 price objective (down previously from $15.00) on shares of Landsea Homes in a report on Tuesday, May 13th. Oppenheimer cut Landsea Homes from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 13th. Finally, Barclays set a $11.00 price objective on Landsea Homes and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $13.83.

Landsea Homes Stock Performance

NASDAQ LSEA remained flat at $11.31 during trading on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.87 and a quick ratio of 2.87. The company has a market capitalization of $411.80 million, a P/E ratio of 43.50, a P/E/G ratio of 1.08 and a beta of 1.91. The stock's fifty day moving average is $9.63 and its two-hundred day moving average is $8.35. Landsea Homes has a 1 year low of $5.41 and a 1 year high of $14.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Securities Group LLC bought a new position in Landsea Homes during the 4th quarter valued at approximately $38,000. IFP Advisors Inc increased its holdings in shares of Landsea Homes by 100.5% in the 1st quarter. IFP Advisors Inc now owns 4,589 shares of the company's stock worth $30,000 after purchasing an additional 2,300 shares in the last quarter. Byrne Asset Management LLC increased its holdings in shares of Landsea Homes by 130.8% in the 1st quarter. Byrne Asset Management LLC now owns 7,385 shares of the company's stock worth $47,000 after purchasing an additional 4,185 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Landsea Homes by 100.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,439 shares of the company's stock worth $63,000 after purchasing an additional 3,721 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Landsea Homes by 823.7% in the 1st quarter. GAMMA Investing LLC now owns 8,378 shares of the company's stock worth $54,000 after purchasing an additional 7,471 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

About Landsea Homes

Landsea Homes Corporation engages in the design, construction, marketing, and sale of suburban and urban single-family detached and attached homes in the United States. The company develops homes and communities; builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities.