Key Points
- CIO Jeffrey Michael Dergurahian sold 250,000 shares on Nov. 25 at $3.01 for $752,500, cutting his stake by 18.87% to 1,074,695 shares (filing available on the SEC website).
- loanDepot beat estimates in the latest quarter with EPS of ($0.02) and revenue of $325.16M (vs. $309.2M expected), but remains unprofitable with negative ROE (22.4%) and net margin (-6.46%), and analysts expect full‑year EPS of about -$0.23.
- Shares trade near $3.03 with a market cap of ~$1.01B and a 52‑week range of $1.01–$5.05; the consensus street rating is "Reduce" with an average target of $3.00.
loanDepot, Inc. (NYSE:LDI - Get Free Report) CIO Jeffrey Michael Dergurahian sold 250,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $3.01, for a total value of $752,500.00. Following the completion of the sale, the executive directly owned 1,074,695 shares of the company's stock, valued at approximately $3,234,831.95. This represents a 18.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
loanDepot Stock Performance
NYSE LDI opened at $3.03 on Wednesday. The company has a debt-to-equity ratio of 6.94, a quick ratio of 1.19 and a current ratio of 1.19. The stock's fifty day moving average is $3.07 and its two-hundred day moving average is $2.23. The firm has a market capitalization of $1.01 billion, a P/E ratio of -8.40 and a beta of 3.45. loanDepot, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $5.05.
loanDepot (NYSE:LDI - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. loanDepot had a negative return on equity of 22.40% and a negative net margin of 6.46%.The business had revenue of $325.16 million for the quarter, compared to analyst estimates of $309.20 million. On average, research analysts anticipate that loanDepot, Inc. will post -0.23 earnings per share for the current year.
Analyst Upgrades and Downgrades
LDI has been the subject of several analyst reports. Wall Street Zen raised shares of loanDepot from a "sell" rating to a "hold" rating in a research note on Sunday, November 9th. BTIG Research reiterated a "neutral" rating on shares of loanDepot in a research report on Wednesday, September 10th. UBS Group lifted their target price on loanDepot from $1.90 to $3.00 and gave the company a "neutral" rating in a research report on Friday, October 10th. The Goldman Sachs Group raised their price objective on loanDepot from $1.45 to $3.00 and gave the stock a "sell" rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of loanDepot in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $3.00.
Check Out Our Latest Stock Report on loanDepot
Hedge Funds Weigh In On loanDepot
Several institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its position in shares of loanDepot by 8,934.0% during the third quarter. Jones Financial Companies Lllp now owns 9,034 shares of the company's stock worth $28,000 after purchasing an additional 8,934 shares in the last quarter. Traynor Capital Management Inc. acquired a new position in shares of loanDepot in the third quarter valued at approximately $31,000. Wealth Enhancement Advisory Services LLC purchased a new stake in loanDepot during the 3rd quarter worth approximately $31,000. CWM LLC acquired a new stake in loanDepot during the 3rd quarter worth approximately $32,000. Finally, Wilshire Advisors LLC boosted its position in loanDepot by 39.8% in the 1st quarter. Wilshire Advisors LLC now owns 27,727 shares of the company's stock valued at $33,000 after buying an additional 7,899 shares during the period. 39.39% of the stock is owned by institutional investors and hedge funds.
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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