loanDepot (NYSE:LDI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of loanDepot (NYSE:LDI) from a sell rating to a hold rating in a research note issued to investors on Saturday.

LDI has been the topic of a number of other reports. BTIG Research restated a “neutral” rating on shares of loanDepot in a report on Wednesday, September 10th. Weiss Ratings restated a “sell (d-)” rating on shares of loanDepot in a report on Wednesday, October 8th. Finally, UBS Group lifted their target price on loanDepot from $1.90 to $3.00 and gave the stock a “neutral” rating in a report on Friday. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $2.85.

loanDepot Price Performance

NYSE LDI opened at $2.93 on Friday. loanDepot has a 1 year low of $1.01 and a 1 year high of $5.05. The business’s fifty day moving average is $2.76 and its two-hundred day moving average is $1.83. The stock has a market capitalization of $967.97 million, a P/E ratio of -8.86 and a beta of 3.45. The company has a debt-to-equity ratio of 6.71, a quick ratio of 1.18 and a current ratio of 1.18.

Insiders Place Their Bets

In other loanDepot news, CEO Anthony Li Hsieh sold 3,046,005 shares of loanDepot stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $2.64, for a total transaction of $8,041,453.20. Following the transaction, the chief executive officer directly owned 4,693,712 shares in the company, valued at approximately $12,391,399.68. The trade was a 39.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 14,470,160 shares of company stock worth $40,335,701. Insiders own 83.04% of the company’s stock.

Hedge Funds Weigh In On loanDepot

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in loanDepot by 30.3% during the first quarter. Goldman Sachs Group Inc. now owns 366,435 shares of the company’s stock valued at $436,000 after purchasing an additional 85,129 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in loanDepot by 1,671.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 655,137 shares of the company’s stock valued at $780,000 after purchasing an additional 618,153 shares during the last quarter. Philosophy Capital Management LLC boosted its position in loanDepot by 73.3% during the first quarter. Philosophy Capital Management LLC now owns 4,141,164 shares of the company’s stock valued at $4,928,000 after purchasing an additional 1,751,245 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC acquired a new stake in loanDepot during the first quarter valued at $1,469,000. Finally, Wilshire Advisors LLC boosted its position in loanDepot by 39.8% during the first quarter. Wilshire Advisors LLC now owns 27,727 shares of the company’s stock valued at $33,000 after purchasing an additional 7,899 shares during the last quarter. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

About loanDepot

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.