loanDepot, Inc. (NYSE:LDI) Given Consensus Recommendation of “Reduce” by Analysts

Shares of loanDepot, Inc. (NYSE:LDI – Get Free Report) have received an average rating of “Reduce” from the five brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $2.3833.

Several brokerages recently commented on LDI. Zacks Research raised shares of loanDepot from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Wall Street Zen lowered shares of loanDepot from a “hold” rating to a “sell” rating in a research report on Saturday, June 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of loanDepot in a research report on Tuesday, April 21st. Finally, BTIG Research reissued a “neutral” rating on shares of loanDepot in a research report on Wednesday, March 11th.

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loanDepot Trading Up 0.4%

Shares of loanDepot stock opened at $1.20 on Friday. loanDepot has a fifty-two week low of $1.10 and a fifty-two week high of $5.05. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 10.26. The business’s fifty day moving average is $1.32 and its two-hundred day moving average is $1.80. The firm has a market cap of $403.69 million, a PE ratio of -3.51 and a beta of 3.31.

Institutional Investors Weigh In On loanDepot

Several large investors have recently made changes to their positions in LDI. SG Americas Securities LLC acquired a new stake in shares of loanDepot in the fourth quarter worth $26,000. Sincerus Advisory LLC acquired a new stake in shares of loanDepot in the fourth quarter worth $33,000. Russell Investments Group Ltd. acquired a new stake in shares of loanDepot in the third quarter worth $35,000. Harbour Investments Inc. increased its position in shares of loanDepot by 94.7% in the fourth quarter. Harbour Investments Inc. now owns 17,522 shares of the company’s stock worth $36,000 after acquiring an additional 8,522 shares in the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of loanDepot in the fourth quarter worth $38,000. Institutional investors and hedge funds own 39.39% of the company’s stock.

About loanDepot

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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.

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