loanDepot, Inc. (NYSE:LDI - Get Free Report)'s stock price rose 11.3% on Wednesday . The stock traded as high as $1.53 and last traded at $1.53. Approximately 765,807 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 918,387 shares. The stock had previously closed at $1.37.
Analyst Ratings Changes
Separately, UBS Group cut their target price on loanDepot from $1.35 to $1.25 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th.
Get Our Latest Stock Analysis on LDI
loanDepot Stock Performance
The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.76. The firm has a market capitalization of $444.39 million, a P/E ratio of -2.59, a P/E/G ratio of 0.25 and a beta of 3.39. The stock has a fifty day moving average of $1.19 and a 200-day moving average of $1.54.
loanDepot (NYSE:LDI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). The firm had revenue of $273.62 million for the quarter, compared to the consensus estimate of $275.11 million. loanDepot had a negative return on equity of 14.66% and a negative net margin of 8.95%. On average, research analysts anticipate that loanDepot, Inc. will post -0.23 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of LDI. Empowered Funds LLC grew its stake in loanDepot by 5.0% in the fourth quarter. Empowered Funds LLC now owns 245,189 shares of the company's stock valued at $500,000 after purchasing an additional 11,647 shares in the last quarter. Atria Investments Inc grew its stake in loanDepot by 29.2% in the fourth quarter. Atria Investments Inc now owns 28,313 shares of the company's stock valued at $58,000 after purchasing an additional 6,397 shares in the last quarter. Quantbot Technologies LP bought a new position in loanDepot in the fourth quarter valued at approximately $56,000. American Century Companies Inc. grew its stake in loanDepot by 12.8% in the fourth quarter. American Century Companies Inc. now owns 120,232 shares of the company's stock valued at $245,000 after purchasing an additional 13,628 shares in the last quarter. Finally, LPL Financial LLC grew its stake in loanDepot by 39.3% in the fourth quarter. LPL Financial LLC now owns 40,035 shares of the company's stock valued at $82,000 after purchasing an additional 11,286 shares in the last quarter. 39.39% of the stock is currently owned by institutional investors.
loanDepot Company Profile
(
Get Free Report)
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.
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