loanDepot, Inc. (NYSE:LDI – Get Free Report) CEO Anthony Li Hsieh bought 284,349 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were bought at an average cost of $0.89 per share, for a total transaction of $253,070.61. Following the completion of the transaction, the chief executive officer directly owned 755,815 shares of the company’s stock, valued at $672,675.35. This trade represents a 60.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Anthony Li Hsieh also recently made the following trade(s):
- On Thursday, August 27th, Anthony Li Hsieh bought 38,612 shares of loanDepot stock. The shares were bought at an average cost of $0.94 per share, with a total value of $36,295.28.
- On Tuesday, August 25th, Anthony Li Hsieh purchased 364,367 shares of loanDepot stock. The stock was bought at an average price of $0.92 per share, with a total value of $335,217.64.
- On Monday, August 24th, Anthony Li Hsieh purchased 107,099 shares of loanDepot stock. The stock was bought at an average cost of $0.89 per share, for a total transaction of $95,318.11.
loanDepot Trading Up 10.3%
NYSE LDI traded up $0.09 on Thursday, hitting $0.97. 9,039,221 shares of the company were exchanged, compared to its average volume of 2,622,378. The company’s 50 day moving average price is $1.05 and its 200-day moving average price is $1.37. The company has a debt-to-equity ratio of 10.60, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $328.70 million, a P/E ratio of -3.24 and a beta of 3.37. loanDepot, Inc. has a twelve month low of $0.83 and a twelve month high of $5.05.
Institutional Trading of loanDepot
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on LDI shares. Zacks Research upgraded shares of loanDepot from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. The Goldman Sachs Group set a $1.00 price objective on shares of loanDepot in a research report on Monday, August 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of loanDepot in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded loanDepot from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $1.92.
Read Our Latest Stock Report on LDI
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.
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