loanDepot (NYSE:LDI) Shares Gap Up - Still a Buy?

loanDepot, Inc. (NYSE:LDI - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $2.07, but opened at $2.15. loanDepot shares last traded at $2.06, with a volume of 108,882 shares.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. UBS Group raised their price objective on shares of loanDepot from $2.30 to $2.50 and gave the stock a "neutral" rating in a research report on Thursday, September 5th. The Goldman Sachs Group raised their price objective on shares of loanDepot from $1.50 to $1.70 and gave the company a "sell" rating in a research report on Thursday, August 8th.

loanDepot Trading Up 0.5 %

The business has a 50-day moving average of $2.46 and a 200 day moving average of $2.21. The stock has a market cap of $676.31 million, a PE ratio of -3.42 and a beta of 3.46. The company has a debt-to-equity ratio of 4.69, a quick ratio of 1.18 and a current ratio of 1.18.

loanDepot (NYSE:LDI - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.03. loanDepot had a negative net margin of 11.22% and a negative return on equity of 18.22%. The firm had revenue of $265.39 million during the quarter, compared to analysts' expectations of $267.66 million. Equities research analysts predict that loanDepot, Inc. will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Anthony Li Hsieh sold 639,186 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $2.97, for a total value of $1,898,382.42. Following the sale, the director now directly owns 2,390,460 shares of the company's stock, valued at approximately $7,099,666.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Anthony Li Hsieh sold 639,186 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $2.97, for a total value of $1,898,382.42. Following the transaction, the director now directly owns 2,390,460 shares of the company's stock, valued at approximately $7,099,666.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeff Alexander Walsh sold 36,811 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $2.66, for a total transaction of $97,917.26. Following the sale, the insider now directly owns 4,035,317 shares of the company's stock, valued at approximately $10,733,943.22. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,751,459 shares of company stock worth $7,115,755. 83.04% of the stock is owned by company insiders.

Institutional Trading of loanDepot

Large investors have recently added to or reduced their stakes in the stock. Park Avenue Securities LLC purchased a new stake in shares of loanDepot during the 3rd quarter valued at about $27,000. Atria Investments Inc raised its stake in shares of loanDepot by 41.0% during the third 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 period. American Century Companies Inc. lifted its position in shares of loanDepot by 27.3% during the second quarter. American Century Companies Inc. now owns 91,701 shares of the company's stock worth $151,000 after purchasing an additional 19,655 shares in the last quarter. Requisite Capital Management LLC purchased a new position in shares of loanDepot in the third quarter valued at $164,000. Finally, ERn Financial LLC acquired a new stake in loanDepot during the 3rd quarter valued at $248,000. 39.39% of the stock is currently owned by institutional investors and hedge funds.

loanDepot Company Profile

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.