Brokerages Set loanDepot, Inc. (NYSE:LDI) Target Price at $1.92

Shares of loanDepot, Inc. (NYSE:LDI) have earned an average recommendation of “Reduce” from the five analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $1.9167.

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of loanDepot in a research note on Friday, July 17th. Wall Street Zen raised loanDepot from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. The Goldman Sachs Group set a $1.00 target price on shares of loanDepot in a research note on Monday, August 10th. Finally, Zacks Research upgraded loanDepot from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th.

loanDepot Stock Performance

NYSE LDI opened at $0.89 on Monday. loanDepot has a twelve month low of $0.83 and a twelve month high of $5.05. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 10.60. The company’s 50-day simple moving average is $1.07 and its 200 day simple moving average is $1.39. The stock has a market cap of $301.54 million, a P/E ratio of -2.98 and a beta of 3.37.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of loanDepot in the 4th quarter valued at approximately $26,000. Russell Investments Group Ltd. bought a new stake in loanDepot during the third quarter worth about $35,000. Harbour Investments Inc. raised its stake in shares of loanDepot by 94.7% during the 4th quarter. Harbour Investments Inc. now owns 17,522 shares of the company’s stock worth $36,000 after purchasing an additional 8,522 shares in the last quarter. Bank of Montreal Can acquired a new stake in loanDepot in the fourth quarter valued at $38,000. Finally, Insigneo Advisory Services LLC acquired a new stake in loanDepot in the 4th quarter valued at about $39,000. 39.39% of the stock is owned by institutional investors and hedge funds.

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.