loanDepot (NYSE:LDI) Given New $1.35 Price Target at UBS Group

loanDepot (NYSE:LDI) had its price objective decreased by UBS Group from $2.00 to $1.35 in a research report sent to investors on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Separately, The Goldman Sachs Group lifted their price objective on shares of loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a report on Thursday, November 14th.

loanDepot Stock Performance

Shares of NYSE:LDI opened at $1.39 on Friday. The firm has a market cap of $452.90 million, a PE ratio of -2.66, a price-to-earnings-growth ratio of 0.25 and a beta of 3.36. The firm’s 50 day simple moving average is $1.67 and its 200-day simple moving average is $2.11. loanDepot has a one year low of $1.27 and a one year high of $3.23. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16.

Insider Activity at loanDepot

In related news, Director Anthony Li Hsieh sold 444,618 shares of loanDepot stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $2.11, for a total transaction of $938,143.98. Following the transaction, the director now directly owns 2,479,960 shares of the company’s stock, valued at $5,232,715.60. This trade represents a 15.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 83.04% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On loanDepot

Several institutional investors have recently bought and sold shares of the business. Aquatic Capital Management LLC acquired a new stake in loanDepot in the fourth quarter valued at approximately $30,000. Alpine Global Management LLC acquired a new stake in loanDepot in the fourth quarter valued at approximately $33,000. Boothbay Fund Management LLC acquired a new stake in loanDepot in the fourth quarter valued at approximately $41,000. Jane Street Group LLC acquired a new stake in loanDepot in the third quarter valued at approximately $54,000. Finally, RPO LLC acquired a new stake in loanDepot in the fourth quarter valued at approximately $55,000. 39.39% of the stock is owned by hedge funds and other institutional investors.

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.