UBS Group Boosts loanDepot (NYSE:LDI) Price Target to $2.50

loanDepot (NYSE:LDI) had its price target upped by UBS Group from $2.30 to $2.50 in a research note issued to investors on Thursday morning, Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the stock. The Goldman Sachs Group increased their price target on shares of loanDepot from $1.50 to $1.70 and gave the company a sell rating in a report on Thursday, August 8th. JMP Securities reiterated a market perform rating on shares of loanDepot in a report on Friday, June 21st.

loanDepot Stock Down 5.1 %

LDI stock opened at $2.41 on Thursday. loanDepot has a one year low of $1.14 and a one year high of $3.71. The stock has a market capitalization of $779.85 million, a PE ratio of -4.23 and a beta of 3.43. The company has a debt-to-equity ratio of 4.69, a quick ratio of 1.18 and a current ratio of 1.18. The company has a fifty day moving average of $2.24 and a 200-day moving average of $2.24.

loanDepot (NYSE:LDI) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. The business had revenue of $265.39 million during the quarter, compared to the consensus estimate of $267.66 million. loanDepot had a negative net margin of 11.22% and a negative return on equity of 18.22%. As a group, analysts expect that loanDepot will post -0.31 EPS for the current year.

Insider Buying and Selling at loanDepot

In other loanDepot news, Director Anthony Li Hsieh sold 639,186 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $2.97, for a total transaction of $1,898,382.42. Following the completion of the transaction, the director now directly owns 2,390,460 shares in the company, valued at approximately $7,099,666.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other loanDepot news, Director Anthony Li Hsieh sold 639,186 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $2.97, for a total transaction of $1,898,382.42. Following the completion of the transaction, the director now directly owns 2,390,460 shares in the company, valued at approximately $7,099,666.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeff Alexander Walsh sold 50,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $2.85, for a total transaction of $142,500.00. Following the transaction, the insider now owns 4,122,128 shares of the company’s stock, valued at $11,748,064.80. The disclosure for this sale can be found here. In the last three months, insiders sold 1,661,047 shares of company stock worth $4,581,500. 83.04% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On loanDepot

Hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC purchased a new position in loanDepot during the 4th quarter valued at about $81,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of loanDepot during the fourth quarter worth about $106,000. Cullen Capital Management LLC purchased a new stake in shares of loanDepot during the fourth quarter worth about $150,000. American Century Companies Inc. grew its holdings in shares of loanDepot by 27.3% during the second quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock worth $151,000 after buying an additional 19,655 shares in the last quarter. Finally, Cetera Advisors LLC grew its holdings in shares of loanDepot by 66.3% during the first quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock worth $294,000 after buying an additional 45,173 shares in the last quarter. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

loanDepot Company Profile

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.