The stock of loanDepot Inc. (NYSE:LDI) last traded at $2.26, down -8.50% from the previous session.
Data from the available sources indicates that loanDepot Inc. (NYSE:LDI) is covered by 11 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $1.00, we find $1.75. Given the previous closing price of $2.47, this indicates a potential downside of -29.15 percent. LDI stock price is now 36.74% away from the 50-day moving average and 13.53% away from the 200-day moving average. The market capitalization of the company currently stands at $776.60M.
In total, 7 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $1.81 as their price target over the next twelve months.
On May 11, 2022, Piper Sandler Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $6 to quote $3.50, while ‘JMP Securities’ rates the stock as ‘Mkt Perform’.
In other news, Lee John Hoon, Director sold 200,000 shares of the company’s stock on Jan 03. The stock was sold for $321,620 at an average price of $1.61. Upon completion of the transaction, the Director now directly owns 884,108 shares in the company, valued at $2.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 29, EVP & Chief Accounting Officer Carrillo Nicole sold 50,000 shares of the business’s stock. A total of $80,505 was realized by selling the stock at an average price of $1.61. This leaves the insider owning 186,141 shares of the company worth $0.42 million. Insiders disposed of 6,915,966 shares of company stock worth roughly $15.63 million over the past 1 year. A total of 7.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LDI stock. A new stake in loanDepot Inc. shares was purchased by BALYASNY ASSET MANAGEMENT LLC during the first quarter worth $418,000. BRIDGEWAY CAPITAL MANAGEMENT, LLC invested $337,000 in shares of LDI during the first quarter. In the first quarter, CHARLES SCHWAB INVESTMENT MANAGEMENT INC acquired a new stake in loanDepot Inc. valued at approximately $84,000. TENNESSEE VALLEY ASSET MANAGEMENT PARTNERS acquired a new stake in LDI for approximately $58,000. MERCER GLOBAL ADVISORS INC /ADV purchased a new stake in LDI valued at around $55,000 in the second quarter. In total, there are 59 active investors with 20.70% ownership of the company’s stock.
With an opening price of $2.5000 on Friday morning, loanDepot Inc. (NYSE: LDI) set off the trading day. During the past 12 months, loanDepot Inc. has had a low of $1.25 and a high of $5.51. The fifty day moving average price for LDI is $1.6648 and a two-hundred day moving average price translates $1.9803 for the stock.
The latest earnings results from loanDepot Inc. (NYSE: LDI) was released for Jun, 2022. According to the Mortgage Finance Company, earnings per share came in at -$0.53, missing analysts’ expectations of -$0.22 by -0.31. This compares to $1.18 EPS in the same period last year. The net profit margin was -8.40% and return on equity was -35.10% for LDI. The company reported revenue of $274.19 million for the quarter, compared to $923.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -70.32 percent. For the current quarter, analysts expect LDI to generate $243.04M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/18/2022. Investors who held shares on 04/04/2022 were paid a $0.08 dividend. On an annualized basis, this represents a $0.32 dividend and a 14.16% percent yield. There was an ex-dividend date of 04/01/2022 for this dividend.
loanDepot Inc.(LDI) Company Profile
loanDepot, Inc. engages in originating, financing, selling, and servicing residential mortgage loans in the United States. It offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. The company 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. The company was founded in 2010 and is headquartered in Foothill Ranch, California.