Shares of loanDepot, Inc. (NYSE:LDI – Get Free Report) have been assigned a consensus recommendation of “Reduce” from the five ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $1.9167.
A number of equities research analysts have recently commented on LDI shares. The Goldman Sachs Group set a $1.00 target price on loanDepot in a research note on Monday, August 10th. Wall Street Zen raised loanDepot from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of loanDepot in a research note on Friday, July 17th. Finally, Zacks Research raised shares of loanDepot from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th.
Read Our Latest Report on loanDepot
loanDepot Stock Up 0.5%
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. purchased a new stake in shares of loanDepot during the first quarter valued at approximately $44,000. Goldman Sachs Group Inc. raised its holdings in loanDepot by 30.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 366,435 shares of the company’s stock worth $436,000 after acquiring an additional 85,129 shares during the last quarter. Jane Street Group LLC purchased a new position in loanDepot in the 1st quarter worth approximately $122,000. Geode Capital Management LLC lifted its position in loanDepot by 134.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,925,712 shares of the company’s stock valued at $2,446,000 after acquiring an additional 1,104,021 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in loanDepot in the 2nd quarter valued at approximately $98,000. Institutional investors own 39.39% of the company’s stock.
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.
See Also
- Five stocks we like better than loanDepot
- The Metals Company’s Big Bet Now Comes Down to a License
- OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
- Meta and Tesla Are Rebounding From Oversold Levels—Now What?
- AMG’s Alternatives Boom Powers Record Growth
Receive News & Ratings for loanDepot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for loanDepot and related companies with MarketBeat.com's FREE daily email newsletter.
