loanDepot (NYSE:LDI) Stock Price Down 3.8% – Should You Sell?

loanDepot, Inc. (NYSE:LDI) was down 3.8% during trading on Monday . The company traded as low as $2.05 and last traded at $2.05. Approximately 10,791 shares changed hands during trading, a decline of 98% from the average daily volume of 560,766 shares. The stock had previously closed at $2.13.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LDI shares. UBS Group increased their price target on loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. The Goldman Sachs Group increased their target price on loanDepot from $1.50 to $1.70 and gave the company a “sell” rating in a research note on Thursday, August 8th.

loanDepot Price Performance

The company has a market cap of $669.83 million, a PE ratio of -3.74 and a beta of 3.43. The firm has a 50 day moving average of $2.58 and a two-hundred day moving average of $2.24. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.69.

loanDepot (NYSE:LDI) last announced its earnings results on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. The business had revenue of $265.39 million during the quarter, compared to analysts’ expectations of $267.66 million. loanDepot had a negative net margin of 11.22% and a negative return on equity of 18.22%. Research analysts predict that loanDepot, Inc. will post -0.31 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Anthony Li Hsieh sold 268,689 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $2.88, for a total value of $773,824.32. Following the completion of the sale, the director now owns 3,510,957 shares in the company, valued at approximately $10,111,556.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other loanDepot news, insider Jeff Alexander Walsh sold 36,811 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $2.66, for a total value of $97,917.26. Following the sale, the insider now directly owns 4,035,317 shares of the company’s stock, valued at approximately $10,733,943.22. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony Li Hsieh sold 268,689 shares of loanDepot stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $2.88, for a total transaction of $773,824.32. Following the transaction, the director now directly owns 3,510,957 shares of the company’s stock, valued at approximately $10,111,556.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,496,031 shares of company stock valued at $6,576,802. 83.04% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On loanDepot

Several large investors have recently bought and sold shares of the company. DC Investments Management LLC purchased a new stake in shares of loanDepot in the first quarter valued at approximately $559,000. Dimensional Fund Advisors LP increased its stake in shares of loanDepot by 390.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 198,724 shares of the company’s stock worth $328,000 after acquiring an additional 158,221 shares during the last quarter. 272 Capital LP boosted its position in shares of loanDepot by 107.4% during the 2nd quarter. 272 Capital LP now owns 183,190 shares of the company’s stock valued at $302,000 after acquiring an additional 94,883 shares during the last quarter. ERn Financial LLC acquired a new stake in loanDepot during the third quarter worth about $248,000. Finally, Requisite Capital Management LLC acquired a new position in loanDepot in the 3rd quarter valued at about $164,000. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

loanDepot Company Profile

loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. The company offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. It 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.