Barclays Lowers Landsea Homes (NASDAQ:LSEA) Price Target to $7.00

Landsea Homes (NASDAQ:LSEAGet Rating) had its price objective decreased by Barclays from $8.00 to $7.00 in a research note issued to investors on Monday, The Fly reports. Barclays currently has an equal weight rating on the stock.

Other analysts have also issued reports about the stock. TheStreet lowered shares of Landsea Homes from a c- rating to a d+ rating in a research report on Wednesday, September 28th. BTIG Research initiated coverage on shares of Landsea Homes in a research report on Thursday, September 15th. They issued a neutral rating on the stock. Finally, B. Riley decreased their price target on shares of Landsea Homes from $10.00 to $7.50 and set a buy rating on the stock in a research report on Tuesday, October 18th.

Landsea Homes Price Performance

NASDAQ LSEA opened at $5.37 on Monday. The firm has a market capitalization of $219.90 million, a price-to-earnings ratio of 2.77 and a beta of 0.51. The company’s fifty day moving average is $5.07 and its two-hundred day moving average is $6.35. Landsea Homes has a 52-week low of $4.48 and a 52-week high of $9.21.

Insider Transactions at Landsea Homes

In other Landsea Homes news, Director Robert S. Miller acquired 5,000 shares of Landsea Homes stock in a transaction dated Monday, November 14th. The stock was bought at an average cost of $5.42 per share, with a total value of $27,100.00. Following the acquisition, the director now owns 24,662 shares of the company’s stock, valued at $133,668.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders acquired 13,569 shares of company stock valued at $76,622. Company insiders own 76.10% of the company’s stock.

Hedge Funds Weigh In On Landsea Homes

Several institutional investors have recently added to or reduced their stakes in LSEA. B. Riley Financial Inc. bought a new position in Landsea Homes during the 3rd quarter valued at about $72,000. Janney Montgomery Scott LLC bought a new position in Landsea Homes during the 3rd quarter valued at about $80,000. Lazard Asset Management LLC bought a new position in Landsea Homes during the 1st quarter valued at about $89,000. Goldman Sachs Group Inc. bought a new position in Landsea Homes during the 1st quarter valued at about $94,000. Finally, Rhumbline Advisers bought a new position in Landsea Homes during the 2nd quarter valued at about $96,000. 22.17% of the stock is owned by institutional investors.

Landsea Homes Company Profile

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Landsea Homes Corporation designs, constructs, markets, and sells suburban and urban single-family detached and attached homes in California, Arizona, Florida, Texas, and Metro New York. It offers a range of properties, including entry-level and first-time move-up homes. The company was incorporated in 2017 and is headquartered in Newport Beach, California.

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