loanDepot (NYSE:LDI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of loanDepot (NYSE:LDI) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Other equities analysts have also recently issued research reports about the company. Zacks Research upgraded loanDepot from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group reduced their price target on loanDepot from $2.10 to $1.25 and set a “sell” rating for the company in a report on Wednesday, July 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of loanDepot in a research note on Friday, July 17th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $1.92.

loanDepot Trading Down 7.8%

NYSE LDI opened at $0.88 on Friday. The stock has a market capitalization of $296.50 million, a P/E ratio of -2.93 and a beta of 3.37. loanDepot has a 52-week low of $0.87 and a 52-week high of $5.05. The firm has a 50-day moving average price of $1.12 and a 200 day moving average price of $1.49. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 10.26.

Institutional Trading of loanDepot

A number of institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC acquired a new stake in shares of loanDepot in the 1st quarter worth approximately $1,318,000. GSA Capital Partners LLP raised its holdings in loanDepot by 2,266.6% during the fourth quarter. GSA Capital Partners LLP now owns 503,499 shares of the company’s stock worth $1,042,000 after purchasing an additional 482,224 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in loanDepot during the fourth quarter worth $81,000. Citizens Financial Group Inc. RI grew its holdings in loanDepot by 182.8% in the fourth quarter. Citizens Financial Group Inc. RI now owns 39,452 shares of the company’s stock valued at $82,000 after purchasing an additional 25,500 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in loanDepot in the fourth quarter valued at $26,000. Hedge funds and other institutional investors own 39.39% of the company’s stock.

About loanDepot

loanDepot, Inc (NYSE: LDI) is a leading non-bank consumer lender that provides a broad range of home and personal financing products through a digitally enabled platform. The company specializes in originating and servicing purchase and refinance mortgage loans, home equity lines of credit (HELOCs), and personal loans. Through its proprietary mello™ technology suite, loanDepot streamlines the application, underwriting, and closing processes for borrowers and real estate professionals, emphasizing speed, transparency, and a seamless digital experience.

Founded in 2010 by Anthony Hsieh, loanDepot has grown rapidly to become one of the largest independent mortgage lenders in the United States.