loanDepot (NYSE:LDI – Get Rating) had its price objective lowered by Credit Suisse Group from $3.25 to $2.50 in a research note issued to investors on Monday morning, MarketBeat.com reports. The firm currently has an outperform rating on the stock.
Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group decreased their price target on shares of loanDepot from $1.70 to $1.50 and set a neutral rating on the stock in a report on Tuesday, October 4th. Citigroup decreased their price target on shares of loanDepot from $1.50 to $1.25 and set a sell rating on the stock in a report on Wednesday, November 9th. Finally, Barclays decreased their price target on shares of loanDepot from $2.00 to $1.00 and set an equal weight rating on the stock in a report on Monday, October 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $2.71.
loanDepot Stock Performance
NYSE LDI opened at $1.55 on Monday. The company’s 50 day simple moving average is $1.47 and its two-hundred day simple moving average is $1.77. The stock has a market capitalization of $487.37 million, a PE ratio of -1.26 and a beta of 2.29. loanDepot has a 1 year low of $1.25 and a 1 year high of $5.80. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.30 and a quick ratio of 1.30.
Insider Activity at loanDepot
Institutional Investors Weigh In On loanDepot
Institutional investors have recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in loanDepot during the 1st quarter valued at $28,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of loanDepot in the 3rd quarter worth about $32,000. Clear Creek Financial Management LLC purchased a new stake in shares of loanDepot in the 2nd quarter worth about $33,000. Envestnet Asset Management Inc. purchased a new stake in shares of loanDepot in the 2nd quarter worth about $33,000. Finally, Jane Street Group LLC lifted its position in shares of loanDepot by 26.2% in the 2nd quarter. Jane Street Group LLC now owns 27,513 shares of the company’s stock worth $40,000 after purchasing an additional 5,711 shares during the period. Hedge funds and other institutional investors own 4.12% of the company’s stock.
loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. It offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. The company 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.
- Get a free copy of the StockNews.com research report on loanDepot (LDI)
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