loanDepot (NYSE:LDI) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded loanDepot from “sell” to “hold,” while Zacks Research also moved its rating to “hold.” However, Weiss Ratings and Goldman Sachs maintain “sell” ratings, leaving the stock with an overall “Reduce” consensus and a $2.00 average price target.
• loanDepot shares opened at $0.95, near their 52-week low of $0.93 and well below the 52-week high of $5.05. The company has a market capitalization of approximately $320.9 million and substantial leverage, with a debt-to-equity ratio of 10.26.
• Institutional investors own about 39.39% of loanDepot; recent activity included new stakes from Lazard Asset Management and Concurrent Investment Advisors, alongside significant position increases by GSA Capital Partners and Citizens Financial Group.

loanDepot (NYSE:LDI - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

A number of other research analysts have also recently commented on LDI. Weiss Ratings restated a "sell (d-)" rating on shares of loanDepot in a research report on Friday, July 17th. Zacks Research upgraded shares of loanDepot from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group decreased their target price on shares of loanDepot from $2.10 to $1.25 and set a "sell" rating on the stock in a report on Wednesday, July 15th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, loanDepot currently has an average rating of "Reduce" and an average target price of $2.00.

loanDepot Price Performance

Shares of NYSE LDI opened at $0.95 on Friday. The stock has a market capitalization of $320.93 million, a PE ratio of -3.17 and a beta of 3.37. The company has a debt-to-equity ratio of 10.26, a current ratio of 1.11 and a quick ratio of 1.11. The business has a fifty day moving average price of $1.13 and a two-hundred day moving average price of $1.52. loanDepot has a fifty-two week low of $0.93 and a fifty-two week high of $5.05.

Hedge Funds Weigh In On loanDepot

Several hedge funds and other institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC acquired a new stake in loanDepot in the first quarter valued at about $1,318,000. GSA Capital Partners LLP raised its stake in loanDepot by 2,266.6% during the fourth quarter. GSA Capital Partners LLP now owns 503,499 shares of the company's stock worth $1,042,000 after acquiring an additional 482,224 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in loanDepot during the fourth quarter worth about $81,000. Citizens Financial Group Inc. RI lifted its holdings in shares of loanDepot by 182.8% in the fourth quarter. Citizens Financial Group Inc. RI now owns 39,452 shares of the company's stock worth $82,000 after acquiring an additional 25,500 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of loanDepot in the fourth quarter worth about $26,000. Institutional investors own 39.39% of the company's stock.

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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