loanDepot (NYSE:LDI) Shares Down 3.9% - Should You Sell?

loanDepot, Inc. (NYSE:LDI - Get Free Report) fell 3.9% during mid-day trading on Thursday . The stock traded as low as $1.63 and last traded at $1.62. 559,969 shares were traded during mid-day trading, a decline of 39% from the average session volume of 922,160 shares. The stock had previously closed at $1.68.

Analysts Set New Price Targets

Separately, UBS Group set a $1.40 price objective on loanDepot and gave the stock a "neutral" rating in a research note on Wednesday, July 16th.

loanDepot Stock Up 3.3%

The business has a fifty day moving average of $1.35 and a 200 day moving average of $1.42. The firm has a market cap of $640.69 million, a P/E ratio of -4.32 and a beta of 3.33. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.48.

loanDepot (NYSE:LDI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). The company had revenue of $273.62 million during the quarter, compared to the consensus estimate of $275.11 million. loanDepot had a negative net margin of 7.74% and a negative return on equity of 18.41%. On average, equities research analysts predict that loanDepot, Inc. will post -0.23 EPS for the current year.

Institutional Trading of loanDepot

Several hedge funds and other institutional investors have recently bought and sold shares of LDI. Millennium Management LLC boosted its position in loanDepot by 167.1% in the fourth quarter. Millennium Management LLC now owns 650,987 shares of the company's stock valued at $1,328,000 after buying an additional 407,299 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of loanDepot by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 775,097 shares of the company's stock valued at $1,582,000 after purchasing an additional 54,350 shares in the last quarter. Cannell & Spears LLC grew its stake in loanDepot by 301.3% during the fourth quarter. Cannell & Spears LLC now owns 1,294,200 shares of the company's stock worth $2,640,000 after purchasing an additional 971,700 shares during the period. Tidal Investments LLC acquired a new position in loanDepot in the fourth quarter valued at approximately $1,691,000. Finally, Marshall Wace LLP grew its position in shares of loanDepot by 132.2% during the 4th quarter. Marshall Wace LLP now owns 465,297 shares of the company's stock worth $949,000 after buying an additional 264,928 shares during the period. Institutional investors and hedge funds own 39.39% of the company's stock.

loanDepot Company Profile

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.