loanDepot (NYSE:LDI) Rating Increased to Hold at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of loanDepot (NYSE:LDI – Free Report) from a sell rating to a hold rating in a research report released on Sunday.

Several other equities analysts have also commented on LDI. Weiss Ratings reiterated a “sell (d-)” rating on shares of loanDepot in a research report on Tuesday, April 21st. BTIG Research restated a “neutral” rating on shares of loanDepot in a report on Wednesday, March 11th. Finally, Zacks Research lowered shares of loanDepot from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 18th. Two analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Sell” and an average price target of $2.38.

View Our Latest Stock Report on LDI

loanDepot Price Performance

LDI stock opened at $1.26 on Friday. loanDepot has a 52 week low of $1.17 and a 52 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 company has a fifty day simple moving average of $1.51 and a two-hundred day simple moving average of $2.13. The firm has a market capitalization of $423.96 million, a P/E ratio of -3.69 and a beta of 3.41.

loanDepot (NYSE:LDI – Get Free Report) last released its quarterly earnings data on Tuesday, March 10th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). loanDepot had a negative net margin of 6.51% and a negative return on equity of 22.35%. The business had revenue of $316.27 million for the quarter, compared to the consensus estimate of $333.29 million. Analysts anticipate that loanDepot will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On loanDepot

Several institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in shares of loanDepot in the 1st quarter worth about $1,318,000. Renaissance Technologies LLC lifted its holdings in shares of loanDepot by 192.4% in the 1st quarter. Renaissance Technologies LLC now owns 819,800 shares of the company’s stock worth $1,164,000 after acquiring an additional 539,452 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of loanDepot by 258.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 579,252 shares of the company’s stock worth $822,000 after acquiring an additional 417,576 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of loanDepot by 10.6% in the 1st quarter. Bank of New York Mellon Corp now owns 248,355 shares of the company’s stock worth $353,000 after acquiring an additional 23,769 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in loanDepot by 72.2% during the 1st quarter. Citizens Financial Group Inc. RI now owns 67,952 shares of the company’s stock valued at $96,000 after buying an additional 28,500 shares in the last quarter. Institutional investors own 39.39% of the company’s stock.

About loanDepot

(Get Free Report)

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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