loanDepot (NYSE:LDI - Get Free Report) had its target price decreased by investment analysts at UBS Group from $2.00 to $1.35 in a report issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's price target indicates a potential downside of 4.59% from the company's previous close.
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.
Get Our Latest Stock Analysis on loanDepot
loanDepot Price Performance
Shares of NYSE:LDI traded down $0.09 during midday trading on Friday, reaching $1.42. 677,576 shares of the company's stock traded hands, compared to its average volume of 706,897. loanDepot has a 1 year low of $1.27 and a 1 year high of $3.23. The company has a market cap of $462.71 million, a P/E ratio of -2.72, a PEG ratio of 0.25 and a beta of 3.36. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16. The company has a fifty day simple moving average of $1.67 and a two-hundred day simple moving average of $2.09.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. Knightsbridge Asset Management LLC raised its stake in loanDepot by 3.0% in the 4th quarter. Knightsbridge Asset Management LLC now owns 3,088,110 shares of the company's stock valued at $6,300,000 after purchasing an additional 88,815 shares during the last quarter. Cannell & Spears LLC increased its stake in shares of loanDepot by 301.3% in the 4th quarter. Cannell & Spears LLC now owns 1,294,200 shares of the company's stock worth $2,640,000 after acquiring an additional 971,700 shares during the last quarter. Barclays PLC increased its stake in shares of loanDepot by 25.1% in the 4th quarter. Barclays PLC now owns 998,259 shares of the company's stock worth $2,036,000 after acquiring an additional 200,000 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of loanDepot in the 4th quarter worth $1,691,000. Finally, Geode Capital Management LLC increased its stake 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 worth $1,582,000 after acquiring an additional 54,350 shares during the last quarter. 39.39% of the stock is owned by institutional investors and hedge funds.
loanDepot Company Profile
(
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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.
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