B. Riley Reaffirms "Buy" Rating for Landsea Homes (NASDAQ:LSEA)

Landsea Homes (NASDAQ:LSEA - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at B. Riley in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $18.00 price objective on the stock, up from their previous price objective of $17.00. B. Riley's price objective would indicate a potential upside of 56.52% from the company's previous close.

A number of other brokerages have also commented on LSEA. Wedbush lifted their price target on shares of Landsea Homes from $16.00 to $17.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Oppenheimer lifted their price target on shares of Landsea Homes from $14.00 to $15.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Finally, Barclays lifted their price target on shares of Landsea Homes from $10.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, August 2nd.

Landsea Homes Stock Performance

Shares of LSEA traded down $0.24 during mid-day trading on Tuesday, hitting $11.50. 417,310 shares of the company's stock were exchanged, compared to its average volume of 203,823. Landsea Homes has a 52 week low of $8.16 and a 52 week high of $14.91. The stock's 50-day simple moving average is $11.88 and its 200-day simple moving average is $10.93. The firm has a market cap of $417.22 million, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 0.72 and a beta of 1.13. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.79.

Insider Buying and Selling

In other news, Director Elias Farhat sold 60,000 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $12.07, for a total value of $724,200.00. Following the sale, the director now owns 272,685 shares of the company's stock, valued at $3,291,307.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 51.00% of the stock is owned by corporate insiders.

Institutional Trading of Landsea Homes

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hood River Capital Management LLC boosted its stake in shares of Landsea Homes by 82.3% in the 1st quarter. Hood River Capital Management LLC now owns 482,339 shares of the company's stock valued at $7,008,000 after purchasing an additional 217,767 shares in the last quarter. Acadian Asset Management LLC boosted its position in Landsea Homes by 20.4% during the 1st quarter. Acadian Asset Management LLC now owns 701,711 shares of the company's stock valued at $10,191,000 after buying an additional 118,802 shares during the period. Algert Global LLC boosted its position in Landsea Homes by 16.0% during the 2nd quarter. Algert Global LLC now owns 13,043 shares of the company's stock valued at $120,000 after buying an additional 1,798 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Landsea Homes during the 2nd quarter valued at $494,000. Finally, Boston Partners boosted its position in Landsea Homes by 22.9% during the 1st quarter. Boston Partners now owns 17,780 shares of the company's stock valued at $258,000 after buying an additional 3,313 shares during the period. Institutional investors 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.