loanDepot, Inc. (NYSE:LDI) Receives Consensus Rating of “Reduce” from Analysts

Shares of loanDepot, Inc. (NYSE:LDI) have been assigned a consensus recommendation of “Reduce” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $2.3833.

Several analysts have recently commented on LDI shares. Wall Street Zen raised shares of loanDepot from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Zacks Research raised shares of loanDepot from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. BTIG Research reissued a “neutral” rating on shares of loanDepot in a research report on Wednesday, March 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of loanDepot in a research report on Tuesday, April 21st.

loanDepot Stock Up 1.3%

Shares of NYSE LDI opened at $1.15 on Wednesday. The company has a 50 day simple moving average of $1.39 and a 200 day simple moving average of $1.93. The firm has a market cap of $386.80 million, a PE ratio of -3.37 and a beta of 3.31. loanDepot has a 1 year low of $1.11 and a 1 year high of $5.05. The company has a debt-to-equity ratio of 10.26, a current ratio of 1.11 and a quick ratio of 1.11.

loanDepot (NYSE:LDI) last issued its quarterly earnings data on Tuesday, March 10th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). loanDepot had a negative net margin of 6.51% and a negative return on equity of 22.35%. The business had revenue of $316.27 million during the quarter, compared to the consensus estimate of $333.29 million. On average, research analysts forecast that loanDepot will post -0.07 EPS for the current year.

Hedge Funds Weigh In On loanDepot

Several large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp raised its stake in shares of loanDepot by 8,934.0% during 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. Wealth Enhancement Advisory Services LLC bought a new stake in shares of loanDepot during the 3rd quarter worth $31,000. Russell Investments Group Ltd. bought a new stake in shares of loanDepot during the 3rd quarter worth $35,000. SG Americas Securities LLC bought a new stake in shares of loanDepot during the 4th quarter worth $26,000. Finally, Sincerus Advisory LLC bought a new stake in shares of loanDepot during the 4th quarter worth $33,000. 39.39% of the stock is currently owned by institutional investors.

loanDepot Company Profile

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.