Key Points
- CEO Anthony Li Hsieh sold 700,000 shares on Nov. 12 at $2.87 for ~$2.01M, leaving him with 1.3M shares (a 35% reduction) — part of a pattern of multi‑million‑dollar insider sales over recent months.
- loanDepot shares traded down ~3.2% to $2.54 and the company has a market cap of about $845M, reported negative EPS and ROE, and carries a high debt‑to‑equity of 6.94.
- Analysts are largely negative, with an average rating of "Reduce" and an average target price of $3.00, though some firms have issued neutral/hold views.
loanDepot, Inc. (NYSE:LDI - Get Free Report) Director Dawn Lepore sold 30,624 shares of the company's stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $2.89, for a total transaction of $88,503.36. Following the completion of the sale, the director directly owned 168,542 shares of the company's stock, valued at $487,086.38. The trade was a 15.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
loanDepot Trading Down 3.2%
LDI traded down $0.09 during mid-day trading on Friday, hitting $2.54. The stock had a trading volume of 5,153,910 shares, compared to its average volume of 5,605,875. The stock's fifty day simple moving average is $3.26 and its 200-day simple moving average is $2.14. The firm has a market capitalization of $844.76 million, a price-to-earnings ratio of -7.04 and a beta of 3.45. loanDepot, Inc. has a 1-year low of $1.01 and a 1-year high of $5.05. The company has a debt-to-equity ratio of 6.94, a current ratio of 1.19 and a quick ratio of 1.18.
loanDepot (NYSE:LDI - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.02. The business had revenue of $325.16 million during the quarter, compared to analysts' expectations of $309.20 million. loanDepot had a negative net margin of 6.46% and a negative return on equity of 22.40%. As a group, research analysts forecast that loanDepot, Inc. will post -0.23 EPS for the current fiscal year.
Institutional Investors Weigh In On loanDepot
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capstone Financial Advisors Inc. boosted its stake in shares of loanDepot by 60.0% during the 1st quarter. Capstone Financial Advisors Inc. now owns 40,000 shares of the company's stock worth $48,000 after buying an additional 15,000 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in loanDepot by 1,671.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 655,137 shares of the company's stock worth $780,000 after acquiring an additional 618,153 shares in the last quarter. Invesco Ltd. acquired a new position in loanDepot during the first quarter valued at approximately $44,000. Persistent Asset Partners Ltd bought a new position in loanDepot in the first quarter valued at approximately $145,000. Finally, Focus Partners Advisor Solutions LLC increased its position in shares of loanDepot by 122.2% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 100,000 shares of the company's stock worth $119,000 after purchasing an additional 55,000 shares during the last quarter. 39.39% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on LDI shares. UBS Group increased their target price on loanDepot from $1.90 to $3.00 and gave the stock a "neutral" rating in a research note on Friday, October 10th. Wall Street Zen raised shares of loanDepot from a "sell" rating to a "hold" rating in a research report on Sunday, November 9th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of loanDepot in a research report on Wednesday, October 8th. BTIG Research reaffirmed a "neutral" rating on shares of loanDepot in a research note on Wednesday, September 10th. Finally, The Goldman Sachs Group lifted their price target on loanDepot from $1.45 to $3.00 and gave the company a "sell" rating in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $3.00.
Get Our Latest Stock Analysis on loanDepot
About loanDepot
(
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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