Barclays Lowers Landsea Homes (NASDAQ:LSEA) Price Target to $9.00

Landsea Homes (NASDAQ:LSEA) had its target price reduced by equities research analysts at Barclays from $12.00 to $9.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 10.57% from the stock’s current price.

Separately, B. Riley reissued a “buy” rating and issued a $18.00 target price (up from $17.00) on shares of Landsea Homes in a report on Tuesday, November 5th.

Landsea Homes Stock Performance

NASDAQ:LSEA opened at $8.14 on Thursday. Landsea Homes has a 52-week low of $7.58 and a 52-week high of $14.91. The company has a market cap of $295.32 million, a price-to-earnings ratio of 11.31, a PEG ratio of 0.38 and a beta of 1.20. The firm’s 50-day moving average is $9.67 and its 200-day moving average is $10.81. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81.

Insiders Place Their Bets

In related news, major shareholder Huaijun Chen sold 3,565,217 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $10.25, for a total transaction of $36,543,474.25. Following the completion of the transaction, the insider now owns 534,783 shares in the company, valued at approximately $5,481,525.75. The trade was a 86.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Hartfield sold 5,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $10.62, for a total value of $53,100.00. Following the sale, the director now directly owns 59,181 shares in the company, valued at $628,502.22. The trade was a 7.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,098,943 shares of company stock valued at $62,522,303 in the last 90 days. 51.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Gladius Capital Management LP bought a new stake in Landsea Homes in the 3rd quarter valued at approximately $32,000. Point72 Asset Management L.P. acquired a new stake in Landsea Homes in the 2nd quarter worth about $31,000. Quarry LP acquired a new stake in shares of Landsea Homes during the 3rd quarter worth $44,000. SG Americas Securities LLC bought a new position in Landsea Homes in the third quarter valued at approximately $125,000. Finally, Algert Global LLC boosted its stake in shares of Landsea Homes by 16.0% in the 2nd quarter. Algert Global LLC now owns 13,043 shares of the company’s stock valued at $120,000 after purchasing an additional 1,798 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

About Landsea Homes

Landsea Homes Corporation engages in the design, construction, marketing, and sale of suburban and urban single-family detached and attached homes in the United States. The company develops homes and communities; builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities.