UBS Group Has Lowered Expectations for loanDepot (NYSE:LDI) Stock Price

loanDepot (NYSE:LDI) had its price objective lowered by stock analysts at UBS Group from $2.00 to $1.35 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential downside of 2.53% from the stock’s current price.

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

loanDepot Stock Performance

Shares of LDI stock opened at $1.39 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.76. loanDepot has a 12-month low of $1.27 and a 12-month high of $3.23. The business’s 50 day moving average is $1.67 and its two-hundred day moving average is $2.10. The company has a market capitalization of $452.90 million, a P/E ratio of -2.66, a P/E/G ratio of 0.25 and a beta of 3.36.

Insider Activity at loanDepot

In other loanDepot news, Director Anthony Li Hsieh sold 444,618 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $2.11, for a total transaction of $938,143.98. Following the completion of the sale, the director now directly owns 2,479,960 shares in the company, valued at approximately $5,232,715.60. The trade was a 15.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 83.04% of the stock is currently owned by corporate insiders.

Institutional Trading of loanDepot

Institutional investors have recently made changes to their positions in the company. Atria Investments Inc raised its stake in loanDepot by 41.0% in the 3rd quarter. Atria Investments Inc now owns 21,916 shares of the company’s stock valued at $60,000 after purchasing an additional 6,372 shares during the last quarter. Cetera Investment Advisers raised its position in shares of loanDepot by 11.8% in the fourth quarter. Cetera Investment Advisers now owns 103,148 shares of the company’s stock valued at $210,000 after buying an additional 10,846 shares during the last quarter. LPL Financial LLC lifted its stake in shares of loanDepot by 39.3% in the fourth quarter. LPL Financial LLC now owns 40,035 shares of the company’s stock worth $82,000 after buying an additional 11,286 shares in the last quarter. Empowered Funds LLC boosted its position in loanDepot by 5.0% during the fourth quarter. Empowered Funds LLC now owns 245,189 shares of the company’s stock worth $500,000 after acquiring an additional 11,647 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in loanDepot by 12.8% during the 4th quarter. American Century Companies Inc. now owns 120,232 shares of the company’s stock valued at $245,000 after acquiring an additional 13,628 shares in the last quarter. 39.39% of the stock is owned by institutional investors and hedge funds.

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.