loanDepot, Inc. (NYSE:LDI) Receives Consensus Rating of “Strong Sell” from Brokerages

loanDepot, Inc. (NYSE:LDI) has received a consensus recommendation of “Strong Sell” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $2.3833.

A number of research firms recently commented on LDI. Weiss Ratings reiterated a “sell (d-)” rating on shares of loanDepot in a research report on Tuesday, April 21st. BTIG Research reiterated a “neutral” rating on shares of loanDepot in a research report on Wednesday, March 11th. Wall Street Zen upgraded loanDepot from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Zacks Research cut loanDepot from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 18th.

loanDepot Trading Down 1.2%

Shares of NYSE:LDI opened at $1.25 on Wednesday. The company has a market cap of $420.59 million, a P/E ratio of -3.66 and a beta of 3.31. The company has a debt-to-equity ratio of 10.26, a current ratio of 1.11 and a quick ratio of 1.11. loanDepot has a 1 year low of $1.13 and a 1 year high of $5.05. The stock’s fifty day moving average price is $1.42 and its 200-day moving average price is $1.99.

loanDepot (NYSE:LDI) last announced its quarterly earnings results on Tuesday, March 10th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The business had revenue of $316.27 million for the quarter, compared to the consensus estimate of $333.29 million. loanDepot had a negative net margin of 6.51% and a negative return on equity of 22.35%. Sell-side analysts expect that loanDepot will post -0.07 earnings per share for the current year.

Institutional Trading of loanDepot

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in loanDepot during the fourth quarter valued at $26,000. Jones Financial Companies Lllp increased its position in loanDepot by 8,934.0% during the third quarter. Jones Financial Companies Lllp now owns 9,034 shares of the company’s stock valued at $28,000 after acquiring an additional 8,934 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in loanDepot during the third quarter valued at $31,000. Sincerus Advisory LLC purchased a new stake in loanDepot during the fourth quarter valued at $33,000. Finally, Russell Investments Group Ltd. purchased a new stake in loanDepot during the third quarter valued at $35,000. Hedge funds and other institutional investors own 39.39% of the company’s stock.

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.