LM Funding America (NASDAQ:LMFA) Stock Crosses Below 50 Day Moving Average – Should You Sell?

LM Funding America, Inc. (NASDAQ:LMFA)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.70 and traded as low as $2.54. LM Funding America shares last traded at $2.60, with a volume of 919,424 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of LM Funding America in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, LM Funding America currently has a consensus rating of “Hold” and a consensus target price of $125.00.

LM Funding America Trading Up 6.1%

The company has a market cap of $1.80 million, a PE ratio of -0.05 and a beta of 2.40. The stock’s 50 day moving average is $4.70 and its 200-day moving average is $7.21. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.10.

LM Funding America (NASDAQ:LMFA) last issued its quarterly earnings data on Friday, May 15th. The financial services provider reported ($11.75) EPS for the quarter, missing analysts’ consensus estimates of ($7.75) by ($4.00). LM Funding America had a negative return on equity of 102.63% and a negative net margin of 368.68%.The business had revenue of $2.11 million during the quarter, compared to analysts’ expectations of $3.00 million.

Insider Buying and Selling

In related news, CFO Richard D. Russell purchased 5,264 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average price of $5.50 per share, for a total transaction of $28,952.00. Following the completion of the transaction, the chief financial officer owned 9,765 shares in the company, valued at approximately $53,707.50. The trade was a 116.95% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 15.03% of the company’s stock.

Institutional Investors Weigh In On LM Funding America

Institutional investors have recently modified their holdings of the stock. XTX Topco Ltd purchased a new position in shares of LM Funding America in the 2nd quarter worth approximately $54,000. Jane Street Group LLC bought a new stake in LM Funding America in the second quarter worth $70,000. Two Sigma Investments LP bought a new stake in LM Funding America in the third quarter worth $100,000. Citadel Advisors LLC purchased a new position in LM Funding America during the third quarter worth $139,000. Finally, Armistice Capital LLC boosted its stake in LM Funding America by 28.4% during the second quarter. Armistice Capital LLC now owns 397,899 shares of the financial services provider’s stock worth $1,138,000 after buying an additional 87,905 shares during the period. 22.73% of the stock is owned by institutional investors.

About LM Funding America

LM Funding America, Inc, headquartered in Miami, Florida, is a specialty finance company that provides retail installment contracts to subprime borrowers. The company originates, acquires, and manages motor vehicle retail financing through a network of franchised and independent automobile dealerships across the United States. LM Funding America holds and services its loan portfolio through its wholly owned subsidiary, LM Funding America Service Corp., and offers floorplan financing to new and used vehicle dealers through LM Funding Floorplan LLC.

Established in 2013, LM Funding America completed its initial public offering on the Nasdaq Stock Market in 2015, enabling the company to expand its lending operations and geographic presence.