Shares of loanDepot, Inc. (NYSE:LDI – Get Free Report) have been given an average recommendation of “Strong Sell” by the five analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $2.3833.
A number of analysts have commented on LDI shares. Zacks Research cut loanDepot from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 18th. Weiss Ratings restated a “sell (d-)” rating on shares of loanDepot in a research report on Tuesday, April 21st. Wall Street Zen upgraded loanDepot from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, BTIG Research restated a “neutral” rating on shares of loanDepot in a research report on Wednesday, March 11th.
Read Our Latest Research Report on loanDepot
loanDepot Stock Performance
loanDepot (NYSE:LDI – Get Free Report) last issued its quarterly earnings results on Tuesday, March 10th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The company had revenue of $316.27 million during the quarter, compared to analysts’ expectations of $333.29 million. loanDepot had a negative return on equity of 22.35% and a negative net margin of 6.51%. On average, analysts expect that loanDepot will post -0.07 EPS for the current year.
Hedge Funds Weigh In On loanDepot
Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in shares of loanDepot in the fourth quarter worth about $26,000. Jones Financial Companies Lllp boosted its stake in shares of loanDepot by 8,934.0% in the third quarter. Jones Financial Companies Lllp now owns 9,034 shares of the company’s stock worth $28,000 after acquiring an additional 8,934 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of loanDepot in the third quarter worth about $31,000. Sincerus Advisory LLC bought a new position in shares of loanDepot in the fourth quarter worth about $33,000. Finally, Russell Investments Group Ltd. bought a new position in shares of loanDepot in the third quarter worth about $35,000. 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.
Featured Stories
- Five stocks we like better than loanDepot
- Marvell Stock Soars on NVIDIA’s Trillion-Dollar Nod
- FirstCash Turns Pawn Into a Growth Machine
- HubSpot Just Crushed the Bear Case—Is a Bigger Rally Ahead?
- Aggressive Insider Buying Signals Opportunity in 3 Risky Stocks
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.
