loanDepot (NYSE:LDI) Trading Down 3.8% - Should You Sell?

loanDepot, Inc. (NYSE:LDI - Get Free Report) shares fell 3.8% during trading on Monday . The company traded as low as $2.05 and last traded at $2.05. 10,791 shares traded hands during trading, a decline of 98% from the average session volume of 560,766 shares. The stock had previously closed at $2.13.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LDI. UBS Group boosted their price objective on loanDepot from $2.30 to $2.50 and gave the stock a "neutral" rating in a research note on Thursday, September 5th. The Goldman Sachs Group boosted their price target on loanDepot from $1.50 to $1.70 and gave the stock a "sell" rating in a research note on Thursday, August 8th.

loanDepot Stock Performance

The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.69. The company has a 50 day moving average of $2.58 and a 200 day moving average of $2.24. The firm has a market cap of $682.77 million, a price-to-earnings ratio of -3.70 and a beta of 3.43.

loanDepot (NYSE:LDI - Get Free Report) last released its quarterly 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 return on equity of 18.22% and a negative net margin of 11.22%. The business had revenue of $265.39 million for the quarter, compared to analysts' expectations of $267.66 million. As a group, equities research analysts expect that loanDepot, Inc. will post -0.31 EPS for the current fiscal year.

Insider Activity at loanDepot

In related news, Director Anthony Li Hsieh sold 10,141 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $2.57, for a total value of $26,062.37. Following the completion of the sale, the director now directly owns 1,865,727 shares of the company's stock, valued at $4,794,918.39. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Anthony Li Hsieh sold 10,141 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $2.57, for a total value of $26,062.37. Following the completion of the sale, the director now directly owns 1,865,727 shares of the company's stock, valued at $4,794,918.39. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeff Alexander Walsh sold 36,811 shares of the business's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $2.66, for a total value of $97,917.26. Following the completion of the sale, the insider now directly owns 4,035,317 shares of the company's stock, valued at approximately $10,733,943.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,496,031 shares of company stock valued at $6,576,802 over the last three months. 83.04% of the stock is owned by insiders.

Hedge Funds Weigh In On loanDepot

Several institutional investors have recently made changes to their positions in the stock. Park Avenue Securities LLC bought a new position in shares of loanDepot during the third quarter valued at approximately $27,000. Empowered Funds LLC grew its holdings in shares of loanDepot by 8.2% during the first quarter. Empowered Funds LLC now owns 205,910 shares of the company's stock valued at $533,000 after purchasing an additional 15,565 shares during the last quarter. American Century Companies Inc. grew its holdings 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 valued at $151,000 after purchasing an additional 19,655 shares during the last quarter. Cetera Advisors LLC grew its holdings in shares of loanDepot by 66.3% during the first quarter. Cetera Advisors LLC now owns 113,354 shares of the company's stock valued at $294,000 after purchasing an additional 45,173 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in shares of loanDepot by 6.0% during the second quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company's stock valued at $1,683,000 after purchasing an additional 57,546 shares during the last quarter. 39.39% of the stock is owned by institutional investors.

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.