loanDepot, Inc. (NYSE:LDI - Get Rating) CFO Patrick J. Flanagan sold 79,407 shares of loanDepot stock in a transaction on Monday, June 27th. The shares were sold at an average price of $1.40, for a total transaction of $111,169.80. Following the completion of the transaction, the chief financial officer now owns 861,349 shares in the company, valued at $1,205,888.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of LDI stock traded down $0.03 during mid-day trading on Wednesday, reaching $1.45. The stock had a trading volume of 952,250 shares, compared to its average volume of 1,008,147. loanDepot, Inc. has a 12-month low of $1.38 and a 12-month high of $13.10. The company has a market cap of $451.98 million, a P/E ratio of 5.44 and a beta of 1.21. The business has a 50-day simple moving average of $2.51 and a 200 day simple moving average of $3.67. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.55.
loanDepot (NYSE:LDI - Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.29). The firm had revenue of $503.31 million during the quarter, compared to analysts' expectations of $686.33 million. loanDepot had a net margin of 1.16% and a return on equity of 9.56%. During the same quarter in the prior year, the business earned $0.98 EPS. Research analysts anticipate that loanDepot, Inc. will post -0.66 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of LDI. National Bank of Canada FI acquired a new stake in shares of loanDepot during the first quarter valued at $28,000. Buckingham Strategic Partners acquired a new stake in loanDepot in the 1st quarter worth about $42,000. Raymond James Financial Services Advisors Inc. acquired a new stake in loanDepot in the 1st quarter worth about $47,000. Willis Johnson & Associates Inc. acquired a new stake in loanDepot in the 1st quarter worth about $49,000. Finally, Truist Financial Corp acquired a new stake in loanDepot in the 1st quarter worth about $68,000. 4.12% of the stock is currently owned by institutional investors and hedge funds.
LDI has been the topic of several analyst reports. Credit Suisse Group lowered their target price on shares of loanDepot to $5.50 and set a "neutral" rating on the stock in a report on Thursday, May 19th. The Goldman Sachs Group lowered their price objective on loanDepot from $4.80 to $3.90 and set a "neutral" rating on the stock in a report on Monday, April 4th. Citigroup downgraded loanDepot from a "neutral" rating to a "sell" rating and cut their target price for the stock from $5.00 to $2.00 in a research note on Wednesday, May 11th. JMP Securities downgraded loanDepot from an "outperform" rating to a "market perform" rating in a research note on Wednesday, May 11th. Finally, Piper Sandler cut their price objective on loanDepot from $3.50 to $3.00 and set a "neutral" rating for the company in a research report on Tuesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $6.99.
loanDepot Company Profile (Get Rating)
loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. It offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. The company 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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