LM Funding America (NASDAQ:LMFA) Share Price Crosses Below 50-Day Moving Average – What’s Next?

LM Funding America, Inc. (NASDAQ:LMFA)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.58 and traded as low as $0.3150. LM Funding America shares last traded at $0.3189, with a volume of 226,548 shares changing hands.

Analysts Set New Price Targets

A number of research firms have issued reports on LMFA. Weiss Ratings reiterated a “sell (e+)” rating on shares of LM Funding America in a research note on Monday, December 29th. Wall Street Zen raised shares of LM Funding America from a “sell” rating to a “hold” rating in a report on Friday, November 28th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.00.

LM Funding America Stock Down 5.8%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a 50 day simple moving average of $0.58 and a two-hundred day simple moving average of $1.16. The stock has a market cap of $3.89 million, a P/E ratio of -0.14 and a beta of 2.26.

LM Funding America (NASDAQ:LMFA) last released its quarterly earnings results on Friday, November 14th. The financial services provider reported ($0.49) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.49). The company had revenue of $2.44 million during the quarter, compared to analysts’ expectations of $2.50 million. LM Funding America had a negative return on equity of 30.25% and a negative net margin of 83.44%. Equities research analysts predict that LM Funding America, Inc. will post -5.5 earnings per share for the current year.

Hedge Funds Weigh In On LM Funding America

Several large investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new stake in shares of LM Funding America in the 2nd quarter worth approximately $54,000. GSA Capital Partners LLP acquired a new position in shares of LM Funding America during the third quarter valued at approximately $70,000. Jane Street Group LLC bought a new stake in LM Funding America during the second quarter worth approximately $70,000. Two Sigma Investments LP bought a new stake in LM Funding America during the third quarter worth approximately $100,000. Finally, Citadel Advisors LLC acquired a new stake in LM Funding America in the third quarter worth approximately $139,000. Institutional investors and hedge funds own 22.73% of the company’s stock.

About LM Funding America

LM Funding America, Inc, headquartered in Miami, Florida, is a specialty finance company that provides retail installment contracts to subprime borrowers. The company originates, acquires, and manages motor vehicle retail financing through a network of franchised and independent automobile dealerships across the United States. LM Funding America holds and services its loan portfolio through its wholly owned subsidiary, LM Funding America Service Corp., and offers floorplan financing to new and used vehicle dealers through LM Funding Floorplan LLC.

Established in 2013, LM Funding America completed its initial public offering on the Nasdaq Stock Market in 2015, enabling the company to expand its lending operations and geographic presence.