Insider Selling: loanDepot (NYSE:LDI) Director Sells $88,503.36 in Stock

loanDepot, Inc. (NYSE:LDI) Director Dawn Lepore sold 30,624 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $2.89, for a total transaction of $88,503.36. Following the sale, the director directly owned 168,542 shares in the company, valued at $487,086.38. This trade represents a 15.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

loanDepot Price Performance

Shares of NYSE LDI opened at $2.54 on Monday. The company has a debt-to-equity ratio of 6.94, a current ratio of 1.19 and a quick ratio of 1.19. The business has a 50-day moving average of $3.26 and a 200-day moving average of $2.15. The stock has a market capitalization of $844.76 million, a price-to-earnings ratio of -7.04 and a beta of 3.45. loanDepot, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $5.05.

loanDepot (NYSE:LDI) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. The firm had revenue of $325.16 million during the quarter, compared to analysts’ expectations of $309.20 million. loanDepot had a negative return on equity of 22.40% and a negative net margin of 6.46%. As a group, sell-side analysts predict that loanDepot, Inc. will post -0.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LDI shares. UBS Group raised their target price on shares of loanDepot from $1.90 to $3.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. The Goldman Sachs Group increased their price target on shares of loanDepot from $1.45 to $3.00 and gave the company a “sell” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “sell (d-)” rating on shares of loanDepot in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of loanDepot from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, BTIG Research reissued a “neutral” rating on shares of loanDepot in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $3.00.

Hedge Funds Weigh In On loanDepot

Large investors have recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its holdings in shares of loanDepot by 8,934.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 9,034 shares of the company’s stock worth $28,000 after buying an additional 8,934 shares during the period. Traynor Capital Management Inc. acquired a new stake in loanDepot during the third quarter worth approximately $31,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of loanDepot during the third quarter worth approximately $31,000. CWM LLC bought a new stake in shares of loanDepot during the third quarter worth approximately $32,000. Finally, Wilshire Advisors LLC grew its position in shares of loanDepot by 39.8% in the first quarter. Wilshire Advisors LLC now owns 27,727 shares of the company’s stock valued at $33,000 after purchasing an additional 7,899 shares during the last quarter. 39.39% of the stock is owned by institutional investors.

loanDepot Company Profile

loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. The company offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. It also provides settlement services, which include captive title and escrow business; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies.