Key Points
- CEO Anthony Li Hsieh sold 217,774 shares on Dec. 19 for $496,524.72 and executed multiple large sales in Nov–Dec, totaling roughly $11 million in disposals.
- loanDepot (LDI) opened at about $2.25 with a market cap near $749.8M; analysts' consensus is "Reduce" with an average price target of $2.58, and the company remains unprofitable despite beating the most recent quarter's EPS and revenue estimates.
loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh sold 217,774 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $2.28, for a total transaction of $496,524.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Anthony Li Hsieh also recently made the following trade(s):
- On Thursday, December 18th, Anthony Li Hsieh sold 223,488 shares of loanDepot stock. The shares were sold at an average price of $2.32, for a total transaction of $518,492.16.
- On Wednesday, December 17th, Anthony Li Hsieh sold 308,379 shares of loanDepot stock. The shares were sold at an average price of $2.29, for a total transaction of $706,187.91.
- On Tuesday, December 16th, Anthony Li Hsieh sold 290,108 shares of loanDepot stock. The stock was sold at an average price of $2.41, for a total transaction of $699,160.28.
- On Monday, December 15th, Anthony Li Hsieh sold 260,251 shares of loanDepot stock. The stock was sold at an average price of $2.49, for a total transaction of $648,024.99.
- On Wednesday, December 10th, Anthony Li Hsieh sold 230,815 shares of loanDepot stock. The shares were sold at an average price of $2.69, for a total value of $620,892.35.
- 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 value 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 transaction 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 transaction 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 transaction of $2,803,747.50.
- On Wednesday, November 12th, Anthony Li Hsieh sold 700,000 shares of loanDepot stock. The shares were sold at an average price of $2.87, for a total transaction of $2,009,000.00.
loanDepot Stock Down 2.6%
LDI stock opened at $2.25 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 6.94. The firm has a market cap of $749.79 million, a PE ratio of -6.25 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 fifty day simple moving average of $2.83 and a 200 day simple moving average of $2.39.
loanDepot (NYSE:LDI - Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $325.16 million for the quarter, compared to analyst estimates of $309.20 million. loanDepot had a negative return on equity of 22.40% and a negative net margin of 6.46%. Sell-side analysts anticipate that loanDepot, Inc. will post -0.23 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have commented on LDI shares. The Goldman Sachs Group increased their price target on loanDepot from $1.45 to $3.00 and gave the company a "sell" rating in a report on Wednesday, October 29th. BTIG Research reaffirmed a "neutral" rating on shares of loanDepot in a report on Wednesday, September 10th. UBS Group lifted their target price on shares of loanDepot from $1.90 to $3.00 and gave the stock a "neutral" rating in a report on Friday, October 10th. Weiss Ratings reissued a "sell (d-)" rating on shares of loanDepot in a research report on Wednesday, October 8th. Finally, Morgan Stanley set a $1.75 price objective on loanDepot in a research note on Monday, December 1st. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $2.58.
Get Our Latest Analysis on LDI
Institutional Investors Weigh In On loanDepot
Hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its position in 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 buying an additional 8,934 shares in the last quarter. Traynor Capital Management Inc. acquired a new stake in shares of loanDepot during the 3rd quarter worth approximately $31,000. CWM LLC acquired a new stake in shares of loanDepot during the 3rd quarter worth approximately $32,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of loanDepot during the third quarter valued at approximately $31,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of loanDepot in the third quarter valued at $35,000. Institutional investors own 39.39% of the company's stock.
About loanDepot
(
Get Free Report)
loanDepot, Inc (NYSE: LDI) is a leading non-bank consumer lender that provides a broad range of home and personal financing products through a digitally enabled platform. The company specializes in originating and servicing purchase and refinance mortgage loans, home equity lines of credit (HELOCs), and personal loans. Through its proprietary mello™ technology suite, loanDepot streamlines the application, underwriting, and closing processes for borrowers and real estate professionals, emphasizing speed, transparency, and a seamless digital experience.
Founded in 2010 by Anthony Hsieh, loanDepot has grown rapidly to become one of the largest independent mortgage lenders in the United States.
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