loanDepot, Inc. (NYSE:LDI) Given Average Recommendation of “Strong Sell” by Brokerages

loanDepot, Inc. (NYSE:LDI) has earned an average recommendation of “Strong Sell” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $2.3833.

A number of research firms have commented on LDI. Weiss Ratings restated a “sell (d-)” rating on shares of loanDepot in a research report on Tuesday, April 21st. Zacks Research lowered shares of loanDepot from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 18th. BTIG Research reissued a “neutral” rating on shares of loanDepot in a research note on Wednesday, March 11th. Finally, Wall Street Zen lowered loanDepot from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th.

loanDepot Stock Performance

Shares of LDI opened at $1.26 on Friday. The company’s 50 day moving average price is $1.51 and its 200 day moving average price is $2.13. The company has a debt-to-equity ratio of 10.26, a quick ratio of 1.14 and a current ratio of 1.11. loanDepot has a 52 week low of $1.17 and a 52 week high of $5.05. The company has a market capitalization of $423.96 million, a PE ratio of -3.69 and a beta of 3.41.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. State Street Corp increased its stake in loanDepot by 0.4% in the fourth quarter. State Street Corp now owns 1,640,154 shares of the company’s stock valued at $3,395,000 after purchasing an additional 5,800 shares in the last quarter. LPL Financial LLC boosted its position in shares of loanDepot by 8.3% during the fourth quarter. LPL Financial LLC now owns 82,045 shares of the company’s stock worth $170,000 after purchasing an additional 6,321 shares in the last quarter. Harbour Investments Inc. grew its holdings in shares of loanDepot by 94.7% in the 4th quarter. Harbour Investments Inc. now owns 17,522 shares of the company’s stock valued at $36,000 after buying an additional 8,522 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of loanDepot by 8,934.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 9,034 shares of the company’s stock valued at $28,000 after buying an additional 8,934 shares during the period. Finally, Traynor Capital Management Inc. bought a new stake in shares of loanDepot in the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 39.39% of the company’s stock.

About loanDepot

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.