Shares of loanDepot, Inc. (NYSE:LDI - Get Free Report) were down 3% during mid-day trading on Thursday . The company traded as low as $1.27 and last traded at $1.28. Approximately 548,795 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 903,688 shares. The stock had previously closed at $1.32.
Analyst Upgrades and Downgrades
Separately, UBS Group cut their price target on loanDepot from $1.35 to $1.25 and set a "neutral" rating for the company in a research note on Wednesday, April 16th.
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loanDepot Price Performance
The firm's fifty day simple moving average is $1.26 and its 200 day simple moving average is $1.44. The firm has a market cap of $427.23 million, a P/E ratio of -2.88 and a beta of 3.33. The company has a debt-to-equity ratio of 6.48, a quick ratio of 1.18 and a current ratio of 1.18.
loanDepot (NYSE:LDI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). loanDepot had a negative net margin of 7.74% and a negative return on equity of 18.41%. The business had revenue of $273.62 million during the quarter, compared to the consensus estimate of $275.11 million. As a group, analysts forecast that loanDepot, Inc. will post -0.23 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its holdings in shares of loanDepot by 30.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 366,435 shares of the company's stock valued at $436,000 after acquiring an additional 85,129 shares during the last quarter. Wilshire Advisors LLC lifted its stake in loanDepot by 39.8% in the first quarter. Wilshire Advisors LLC now owns 27,727 shares of the company's stock worth $33,000 after purchasing an additional 7,899 shares during the last quarter. Jane Street Group LLC bought a new stake in loanDepot in the first quarter worth about $122,000. Knightsbridge Asset Management LLC lifted its stake in loanDepot by 0.6% in the first quarter. Knightsbridge Asset Management LLC now owns 3,105,873 shares of the company's stock worth $3,696,000 after purchasing an additional 17,763 shares during the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC bought a new stake in loanDepot in the first quarter worth about $1,469,000. Institutional investors own 39.39% of the company's stock.
About loanDepot
(
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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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