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

Key Points

• loanDepot has a consensus analyst rating of "Strong Sell" from five brokerages, with three sell ratings and two hold ratings. The average 1-year price target is just $2.00.
• Recent analyst actions have been mostly negative, including downgrades from Zacks Research and Wall Street Zen and a price-target cut from Goldman Sachs to $1.25.
• The stock was trading near its 52-week low at $1.02, while the company carries a high debt-to-equity ratio of 10.26 and a market cap of about $346.27 million.

loanDepot, Inc. (NYSE:LDI - Get Free Report) has received a consensus recommendation of "Strong Sell" from the five brokerages that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $2.00.

Several equities research analysts recently issued reports on LDI shares. Weiss Ratings restated a "sell (d-)" rating on shares of loanDepot in a report on Friday, July 17th. Zacks Research lowered shares of loanDepot from a "hold" rating to a "strong sell" rating in a research note on Tuesday, June 30th. The Goldman Sachs Group lowered their price target on loanDepot from $2.10 to $1.25 and set a "sell" rating on the stock in a report on Wednesday, July 15th. Finally, Wall Street Zen downgraded loanDepot from a "hold" rating to a "sell" rating in a research note on Saturday, June 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of loanDepot during the 4th quarter valued at about $26,000. Russell Investments Group Ltd. purchased a new position in shares of loanDepot in the third quarter worth approximately $35,000. Harbour Investments Inc. boosted its holdings in shares of loanDepot by 94.7% in the fourth quarter. Harbour Investments Inc. now owns 17,522 shares of the company's stock worth $36,000 after buying an additional 8,522 shares during the last quarter. Bank of Montreal Can bought a new stake in loanDepot during the fourth quarter valued at approximately $38,000. Finally, Insigneo Advisory Services LLC bought a new stake in loanDepot during the fourth quarter valued at approximately $39,000. 39.39% of the stock is owned by hedge funds and other institutional investors.

loanDepot Stock Performance

Shares of LDI stock opened at $1.02 on Thursday. The company has a 50 day moving average price of $1.19 and a 200-day moving average price of $1.64. loanDepot has a 52 week low of $1.01 and a 52 week high of $5.05. The firm has a market capitalization of $346.27 million, a PE ratio of -3.01 and a beta of 3.33. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 10.26.

loanDepot Company Profile

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.

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