Key Points
- loanDepot CEO Anthony Li Hsieh sold 884,495 shares on Jan. 15 at an average price of $2.70 for $2.39M, part of a string of insider sales since November that total roughly $9.7M.
- Shares opened up about 19.9% to $3.20, but the company remains unprofitable (negative margins, PE -8.89) and analysts have an average “Reduce” rating with a $2.38 price target.
loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh sold 415,505 shares of the business's stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $2.66, for a total transaction of $1,105,243.30. Following the sale, the chief executive officer owned 884,495 shares of the company's stock, valued at $2,352,756.70. This trade represents a 31.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Anthony Li Hsieh also recently made the following trade(s):
- On Thursday, January 15th, Anthony Li Hsieh sold 884,495 shares of loanDepot stock. The stock was sold at an average price of $2.70, for a total transaction of $2,388,136.50.
- On Friday, December 19th, Anthony Li Hsieh sold 217,774 shares of loanDepot stock. The shares were sold at an average price of $2.28, for a total transaction of $496,524.72.
- On Thursday, December 18th, Anthony Li Hsieh sold 223,488 shares of loanDepot stock. The stock was sold at an average price of $2.32, for a total value of $518,492.16.
- On Wednesday, December 17th, Anthony Li Hsieh sold 308,379 shares of loanDepot stock. The stock was sold at an average price of $2.29, for a total value of $706,187.91.
- On Tuesday, December 16th, Anthony Li Hsieh sold 290,108 shares of loanDepot stock. The shares were sold at an average price of $2.41, for a total value 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 value 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 stock was 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 shares were sold at an average price of $2.50, for a total transaction of $446,252.50.
loanDepot Stock Performance
LDI opened at $3.20 on Friday. The company has a 50 day simple moving average of $2.54 and a two-hundred day simple moving average of $2.53. The company has a debt-to-equity ratio of 6.94, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $1.07 billion, a P/E ratio of -8.89, a PEG ratio of 0.63 and a beta of 3.47. loanDepot, Inc. has a 1-year low of $1.01 and a 1-year high of $5.05.
loanDepot (NYSE:LDI - Get Free Report) last released its earnings results on Thursday, November 6th. The company reported ($0.02) earnings per share 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 company had revenue of $325.16 million for the quarter, compared to analysts' expectations of $309.20 million. Equities analysts forecast that loanDepot, Inc. will post -0.23 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of loanDepot in a research note on Wednesday, October 8th. Wall Street Zen raised shares of loanDepot from a "sell" rating to a "hold" rating in a report on Sunday, November 9th. UBS Group boosted 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. The Goldman Sachs Group set a $2.40 target price on shares of loanDepot in a research report on Tuesday, January 6th. Finally, Morgan Stanley set a $1.75 price target on shares of loanDepot in a report 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $2.38.
Read Our Latest Stock Analysis on LDI
Institutional Trading of loanDepot
Several hedge funds have recently modified their holdings of the company. Millennium Management LLC lifted its holdings in shares of loanDepot by 622.6% in the 3rd quarter. Millennium Management LLC now owns 5,620,553 shares of the company's stock worth $17,255,000 after acquiring an additional 4,842,751 shares during the last quarter. UBS Group AG raised its position in loanDepot by 1,125.1% in the 3rd quarter. UBS Group AG now owns 2,020,027 shares of the company's stock worth $6,201,000 after purchasing an additional 1,855,136 shares during the period. Geode Capital Management LLC raised its position in loanDepot by 134.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,925,712 shares of the company's stock worth $2,446,000 after purchasing an additional 1,104,021 shares during the period. Squarepoint Ops LLC lifted its stake in loanDepot by 1,264.5% in the third quarter. Squarepoint Ops LLC now owns 703,939 shares of the company's stock worth $2,161,000 after purchasing an additional 652,348 shares during the last quarter. Finally, Continental Advisors LLC purchased a new position in shares of loanDepot during the second quarter valued at approximately $656,000. 39.39% of the stock is owned by hedge funds and other institutional investors.
loanDepot Company Profile
(
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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