UBS Group Cuts loanDepot (NYSE:LDI) Price Target to $1.35

loanDepot (NYSE:LDI) had its target price reduced by investment analysts at UBS Group from $2.00 to $1.35 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential downside of 1.82% from the stock’s current price.

Separately, The Goldman Sachs Group upped their price target on loanDepot from $1.70 to $2.70 and gave the stock a “sell” rating in a report on Thursday, November 14th.

loanDepot Stock Up 0.4 %

loanDepot stock traded up $0.01 during trading on Friday, hitting $1.38. 207,363 shares of the company were exchanged, compared to its average volume of 698,543. The business’s 50 day moving average is $1.68 and its 200 day moving average is $2.12. loanDepot has a 52 week low of $1.27 and a 52 week high of $3.23. The company has a market capitalization of $449.63 million, a P/E ratio of -2.63, a PEG ratio of 0.25 and a beta of 3.36. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.76.

Insider Activity

In related news, Director Anthony Li Hsieh sold 444,618 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $2.11, for a total transaction of $938,143.98. Following the sale, the director now owns 2,479,960 shares of the company’s stock, valued at approximately $5,232,715.60. This represents a 15.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 83.04% of the company’s stock.

Institutional Trading of loanDepot

A number of institutional investors have recently added to or reduced their stakes in the stock. Knightsbridge Asset Management LLC lifted its holdings in loanDepot by 3.0% during the 4th quarter. Knightsbridge Asset Management LLC now owns 3,088,110 shares of the company’s stock worth $6,300,000 after purchasing an additional 88,815 shares in the last quarter. Cannell & Spears LLC lifted its holdings in loanDepot by 301.3% during the 4th quarter. Cannell & Spears LLC now owns 1,294,200 shares of the company’s stock worth $2,640,000 after purchasing an additional 971,700 shares in the last quarter. Barclays PLC raised its holdings in shares of loanDepot by 25.1% in the 4th quarter. Barclays PLC now owns 998,259 shares of the company’s stock valued at $2,036,000 after acquiring an additional 200,000 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of loanDepot in the 4th quarter valued at about $1,691,000. Finally, Geode Capital Management LLC raised its holdings in shares of loanDepot by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 775,097 shares of the company’s stock valued at $1,582,000 after acquiring an additional 54,350 shares in the last quarter. Hedge funds and other institutional investors 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.