loanDepot (NYSE:LDI) Stock Price Down 3.8% – Time to Sell?

loanDepot, Inc. (NYSE:LDI) shares fell 3.8% during mid-day trading on Monday . The stock traded as low as $2.05 and last traded at $2.05. 10,791 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 560,766 shares. The stock had previously closed at $2.13.

Analyst Upgrades and Downgrades

Several analysts recently commented on LDI shares. The Goldman Sachs Group increased their target price on shares of loanDepot from $1.50 to $1.70 and gave the company a “sell” rating in a research note on Thursday, August 8th. UBS Group raised their price objective on loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research note on Thursday, September 5th.

loanDepot Price Performance

The company has a debt-to-equity ratio of 4.69, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $682.77 million, a PE ratio of -3.70 and a beta of 3.43. The stock has a 50 day moving average of $2.58 and a two-hundred day moving average of $2.24.

loanDepot (NYSE:LDI) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. The business had revenue of $265.39 million for the quarter, compared to analyst estimates of $267.66 million. loanDepot had a negative net margin of 11.22% and a negative return on equity of 18.22%. Equities analysts anticipate that loanDepot, Inc. will post -0.31 EPS for the current year.

Insider Buying and Selling at loanDepot

In other news, Director Anthony Li Hsieh sold 268,689 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $2.88, for a total value of $773,824.32. Following the completion of the sale, the director now owns 3,510,957 shares of the company’s stock, valued at $10,111,556.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Anthony Li Hsieh sold 268,689 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $2.88, for a total value of $773,824.32. Following the completion of the sale, the director now directly owns 3,510,957 shares of the company’s stock, valued at approximately $10,111,556.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeff Alexander Walsh sold 50,000 shares of loanDepot stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $2.85, for a total value of $142,500.00. Following the transaction, the insider now directly owns 4,122,128 shares in the company, valued at approximately $11,748,064.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,496,031 shares of company stock valued at $6,576,802 in the last three months. 83.04% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On loanDepot

A number of institutional investors have recently modified their holdings of the stock. Park Avenue Securities LLC purchased a new stake in shares of loanDepot during the third quarter worth $27,000. American Century Companies Inc. increased its position in loanDepot by 27.3% in the 2nd quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock worth $151,000 after purchasing an additional 19,655 shares during the last quarter. Requisite Capital Management LLC purchased a new stake in shares of loanDepot during the 3rd quarter worth about $164,000. ERn Financial LLC acquired a new stake in shares of loanDepot during the 3rd quarter valued at about $248,000. Finally, Cetera Advisors LLC grew its stake in shares of loanDepot by 66.3% in the 1st quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock valued at $294,000 after buying an additional 45,173 shares in the last quarter. Institutional investors and hedge funds own 39.39% of the company’s stock.

About loanDepot

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.