Guild (NYSE:GHLD) Shares Gap Down - What's Next?

Guild Holdings (NYSE:GHLD - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $14.41, but opened at $14.00. Guild shares last traded at $14.00, with a volume of 927 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GHLD shares. Wells Fargo & Company increased their price objective on shares of Guild from $15.00 to $17.00 and gave the stock an "equal weight" rating in a report on Friday, August 9th. JPMorgan Chase & Co. increased their price objective on shares of Guild from $16.00 to $17.00 and gave the stock an "underweight" rating in a report on Monday, October 7th. Finally, Wedbush increased their price objective on shares of Guild from $17.00 to $19.00 and gave the stock an "outperform" rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Guild presently has a consensus rating of "Hold" and a consensus price target of $17.50.

Guild Stock Up 3.9 %

The company has a market cap of $893.17 million, a P/E ratio of 34.50, a price-to-earnings-growth ratio of 0.25 and a beta of 1.07. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.76. The firm's 50 day moving average price is $15.90 and its 200-day moving average price is $15.07.

Guild (NYSE:GHLD - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.21. The company had revenue of $285.69 million for the quarter, compared to analyst estimates of $257.97 million. Guild had a net margin of 3.28% and a return on equity of 5.83%. As a group, equities research analysts expect that Guild Holdings will post 1.49 EPS for the current year.

Institutional Trading of Guild

A number of hedge funds have recently modified their holdings of GHLD. Bridges Investment Management Inc. acquired a new stake in shares of Guild in the 2nd quarter valued at approximately $10,497,000. Empowered Funds LLC raised its position in shares of Guild by 8.2% in the 1st quarter. Empowered Funds LLC now owns 237,853 shares of the company's stock valued at $3,508,000 after acquiring an additional 17,992 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of Guild in the 1st quarter valued at approximately $149,000. Donald Smith & CO. Inc. raised its holdings in Guild by 2.1% during the 1st quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company's stock worth $6,503,000 after buying an additional 9,126 shares during the period. Finally, Castleview Partners LLC acquired a new stake in Guild during the 3rd quarter worth approximately $79,000. 17.52% of the stock is currently owned by institutional investors and hedge funds.

About Guild

Guild Holdings Company originates, sells, and services residential mortgage loans in the United States. It operates in two segments, Origination and Servicing. The company offers residential mortgages through retail and correspondent channels. Guild Holdings Company was incorporated in 1960 and is headquartered in San Diego, California.