loanDepot (NYSE:LDI) Shares Gap Down to $2.36

loanDepot, Inc. (NYSE:LDI) gapped down prior to trading on Monday . The stock had previously closed at $2.36, but opened at $2.27. loanDepot shares last traded at $2.28, with a volume of 45,248 shares changing hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut their target price on shares of loanDepot from $3.00 to $2.50 and set a “sell” rating on the stock in a report on Wednesday, March 13th.

loanDepot Trading Down 8.9 %

The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 4.24. The business’s fifty day moving average is $2.49 and its 200 day moving average is $2.36. The firm has a market capitalization of $694.64 million, a price-to-earnings ratio of -3.49 and a beta of 3.13.

loanDepot (NYSE:LDI) last issued its quarterly earnings data on Tuesday, March 12th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). loanDepot had a negative return on equity of 20.63% and a negative net margin of 11.31%. The company had revenue of $228.63 million for the quarter, compared to analyst estimates of $239.40 million. Equities analysts predict that loanDepot, Inc. will post -0.05 earnings per share for the current year.

Insider Buying and Selling at loanDepot

In other loanDepot news, Director Dan Binowitz sold 13,900 shares of loanDepot stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $2.34, for a total value of $32,526.00. Following the sale, the director now directly owns 783,251 shares in the company, valued at approximately $1,832,807.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jeff Alexander Walsh sold 39,284 shares of loanDepot stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $2.63, for a total value of $103,316.92. Following the completion of the transaction, the insider now owns 3,954,678 shares of the company’s stock, valued at approximately $10,400,803.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dan Binowitz sold 13,900 shares of loanDepot stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2.34, for a total transaction of $32,526.00. Following the completion of the transaction, the director now directly owns 783,251 shares of the company’s stock, valued at approximately $1,832,807.34. The disclosure for this sale can be found here. Company insiders own 83.04% of the company’s stock.

Institutional Trading of loanDepot

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jump Financial LLC bought a new stake in shares of loanDepot during the 4th quarter worth about $81,000. Counterpoint Mutual Funds LLC bought a new stake in shares of loanDepot during the 4th quarter worth about $106,000. Cullen Capital Management LLC bought a new stake in shares of loanDepot during the 4th quarter worth about $150,000. G2 Investment Partners Management LLC bought a new stake in shares of loanDepot during the 4th quarter worth about $792,000. Finally, CastleKnight Management LP bought a new stake in shares of loanDepot during the 4th quarter worth about $1,644,000. Institutional investors own 39.39% of the company’s stock.

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.