Dawn Lepore Sells 9,403 Shares of loanDepot (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) Director Dawn Lepore sold 9,403 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $2.73, for a total value of $25,670.19. Following the sale, the director owned 183,745 shares of the company’s stock, valued at approximately $501,623.85. The trade was a 4.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

loanDepot Trading Up 1.7%

NYSE LDI traded up $0.05 during trading hours on Thursday, hitting $2.76. The company’s stock had a trading volume of 2,894,386 shares, compared to its average volume of 3,670,558. 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, Inc. has a twelve month low of $1.01 and a twelve month high of $5.05. The stock has a fifty day moving average of $2.95 and a 200 day moving average of $2.29. The firm has a market capitalization of $918.07 million, a P/E ratio of -7.65 and a beta of 3.45.

loanDepot (NYSE:LDI) last posted its earnings results on Thursday, November 6th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.02. loanDepot had a negative return on equity of 22.40% and a negative net margin of 6.46%.The firm had revenue of $325.16 million for the quarter, compared to analyst estimates of $309.20 million. Equities research analysts forecast that loanDepot, Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in loanDepot by 8,934.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 9,034 shares of the company’s stock worth $28,000 after purchasing an additional 8,934 shares during the period. Traynor Capital Management Inc. purchased a new stake in loanDepot during the 3rd quarter valued at $31,000. Wealth Enhancement Advisory Services LLC purchased a new stake in loanDepot in the third quarter worth approximately $31,000. CWM LLC purchased a new position in loanDepot in the third quarter worth about $32,000. Finally, Wilshire Advisors LLC grew its position in loanDepot by 39.8% during the first quarter. Wilshire Advisors LLC now owns 27,727 shares of the company’s stock valued at $33,000 after buying an additional 7,899 shares during the period. Institutional investors own 39.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LDI. Wall Street Zen raised loanDepot from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Morgan Stanley set a $1.75 price objective on loanDepot in a research report on Monday. BTIG Research reiterated a “neutral” rating on shares of loanDepot in a research note on Wednesday, September 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of loanDepot in a report on Wednesday, October 8th. Finally, UBS Group raised 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. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $2.58.

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.