Key Points
- CEO Anthony Li Hsieh sold 230,815 shares on Dec. 10 at $2.69 for $620,892.35, cutting his stake to 1.3M shares (a 15.08% decrease) — part of a string of large insider sales totaling millions in recent months.
- LDI trades with a market cap of about $928M and carries an average analyst rating of "Reduce" with an average target price of $2.58, while its 52-week range is $1.01–$5.05.
- The company slightly beat the prior-quarter EPS estimate (reported -$0.02 vs. -$0.04) and revenue ($325.2M vs. $309.2M) but remains unprofitable with a negative net margin and return on equity.
loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh sold 230,815 shares of the firm's stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $2.69, for a total transaction of $620,892.35. Following the completion of the transaction, the chief executive officer owned 1,300,000 shares in the company, valued at approximately $3,497,000. The trade was a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Anthony Li Hsieh also recently made the following trade(s):
- On Tuesday, December 9th, Anthony Li Hsieh sold 399,919 shares of loanDepot stock. The shares were sold at an average price of $2.67, for a total transaction of $1,067,783.73.
- On Monday, December 8th, Anthony Li Hsieh sold 369,266 shares of loanDepot stock. The shares were sold at an average price of $2.81, for a total value of $1,037,637.46.
- On Monday, November 17th, Anthony Li Hsieh sold 178,501 shares of loanDepot stock. The stock was sold at an average price of $2.50, for a total value of $446,252.50.
- On Friday, November 14th, Anthony Li Hsieh sold 1,121,499 shares of loanDepot stock. The stock was sold at an average price of $2.50, for a total value of $2,803,747.50.
- On Wednesday, November 12th, Anthony Li Hsieh sold 700,000 shares of loanDepot stock. The stock was sold at an average price of $2.87, for a total value of $2,009,000.00.
- On Tuesday, October 14th, Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock. The stock was sold at an average price of $2.87, for a total value of $3,731,000.00.
- On Monday, September 15th, Anthony Li Hsieh sold 1,350,000 shares of loanDepot stock. The shares were sold at an average price of $4.61, for a total transaction of $6,223,500.00.
- On Friday, September 12th, Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock. The stock was sold at an average price of $4.10, for a total transaction of $5,330,000.00.
loanDepot Stock Down 0.9%
LDI stock opened at $2.79 on Friday. The stock has a market cap of $928.07 million, a PE ratio of -7.74 and a beta of 3.45. The firm's 50-day simple moving average is $2.90 and its 200 day simple moving average is $2.34. loanDepot, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $5.05. 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 posted its earnings results on Thursday, November 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $309.20 million. As a group, sell-side analysts predict that loanDepot, Inc. will post -0.23 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on LDI. The Goldman Sachs Group increased their price target on loanDepot from $1.45 to $3.00 and gave the stock a "sell" rating in a research note on Wednesday, October 29th. UBS Group increased their target price on shares of loanDepot from $1.90 to $3.00 and gave the company a "neutral" rating in a research report on Friday, October 10th. Weiss Ratings restated a "sell (d-)" rating on shares of loanDepot in a research report on Wednesday, October 8th. BTIG Research reiterated a "neutral" rating on shares of loanDepot in a report on Wednesday, September 10th. Finally, Wall Street Zen upgraded shares of loanDepot from a "sell" rating to a "hold" rating in a research note on Sunday, November 9th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $2.58.
Check Out Our Latest Analysis on LDI
Hedge Funds Weigh In On loanDepot
Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its stake 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 valued at $780,000 after purchasing an additional 618,153 shares during the last quarter. Invesco Ltd. bought a new position in shares of loanDepot in the first quarter valued at $44,000. Focus Partners Advisor Solutions LLC increased its holdings in shares of loanDepot by 122.2% in the first quarter. Focus Partners Advisor Solutions LLC now owns 100,000 shares of the company's stock valued at $119,000 after buying an additional 55,000 shares in the last quarter. Philosophy Capital Management LLC lifted its position in shares of loanDepot by 73.3% during the 1st quarter. Philosophy Capital Management LLC now owns 4,141,164 shares of the company's stock valued at $4,928,000 after acquiring an additional 1,751,245 shares during the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of loanDepot in the 1st quarter worth $1,469,000. Institutional investors and hedge funds own 39.39% of the company's stock.
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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