Key Points
- Dawn Lepore sold 9,403 shares on Dec. 2 at an average price of $2.73 for about $25,670, cutting her ownership by 4.87% to 183,745 shares.
- The company beat quarterly estimates, reporting ($0.02) EPS vs. ($0.04) expected and $325.16M in revenue; the stock trades around $2.79 with a market cap near $928M and a 52‑week range of $1.01–$5.05.
- Analysts are mixed with a consensus rating of "Reduce" and an average price target of $2.58, while institutional ownership is about 39.4% after notable stake increases by firms including Goldman Sachs and Charles Schwab.
loanDepot, Inc. (NYSE:LDI - Get Free Report) Director Dawn Lepore sold 9,403 shares of loanDepot stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $2.73, for a total transaction of $25,670.19. Following the completion of the sale, the director owned 183,745 shares in the company, valued at $501,623.85. This trade represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
loanDepot Stock Up 0.9%
LDI traded up $0.03 during trading hours on Friday, hitting $2.79. 300,070 shares of the company's stock were exchanged, compared to its average volume of 3,655,594. The stock has a market cap of $928.07 million, a price-to-earnings ratio of -7.68 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 stock's 50-day moving average is $2.94 and its two-hundred day moving average is $2.29. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 6.94.
loanDepot (NYSE:LDI - Get Free Report) last issued 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 net margin of 6.46% and a negative return on equity of 22.40%. The firm had revenue of $325.16 million for the quarter, compared to analysts' expectations of $309.20 million. Sell-side analysts predict that loanDepot, Inc. will post -0.23 earnings per share for the current fiscal year.
Institutional Investors Weigh In On loanDepot
Several hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its holdings in shares of loanDepot by 30.3% in the first quarter. Goldman Sachs Group Inc. now owns 366,435 shares of the company's stock valued at $436,000 after purchasing an additional 85,129 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of loanDepot by 1,671.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 655,137 shares of the company's stock worth $780,000 after buying an additional 618,153 shares during the period. Philosophy Capital Management LLC grew its stake in loanDepot by 73.3% in the 1st quarter. Philosophy Capital Management LLC now owns 4,141,164 shares of the company's stock valued at $4,928,000 after buying an additional 1,751,245 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC bought a new position in loanDepot in the 1st quarter valued at about $1,469,000. Finally, Wolverine Asset Management LLC lifted its position in loanDepot by 15.6% during the second quarter. Wolverine Asset Management LLC now owns 1,178,649 shares of the company's stock worth $1,497,000 after acquiring an additional 158,739 shares during the last quarter. Institutional investors and hedge funds own 39.39% of the company's stock.
Analysts Set New Price Targets
LDI has been the subject of a number of analyst reports. Wall Street Zen upgraded loanDepot from a "sell" rating to a "hold" rating in a research note on Sunday, November 9th. BTIG Research reissued a "neutral" rating on shares of loanDepot in a research note on Wednesday, September 10th. Weiss Ratings restated a "sell (d-)" rating on shares of loanDepot in a report on Wednesday, October 8th. The Goldman Sachs Group increased their price target on shares of loanDepot from $1.45 to $3.00 and gave the company a "sell" rating in a research note on Wednesday, October 29th. Finally, Morgan Stanley set a $1.75 price objective on shares of loanDepot in a research report on Monday. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, loanDepot has a consensus rating of "Reduce" and an average price target of $2.58.
View Our Latest 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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