loanDepot (NYSE:LDI) Price Target Raised to $2.70 at The Goldman Sachs Group

loanDepot (NYSE:LDI) had its price target boosted by equities researchers at The Goldman Sachs Group from $1.70 to $2.70 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 5.88% from the stock’s current price.

Separately, UBS Group lifted their price objective on loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a research note on Thursday, September 5th.

loanDepot Stock Performance

NYSE LDI traded down $0.04 on Thursday, hitting $2.55. 98,468 shares of the company’s stock traded hands, compared to its average volume of 593,212. The firm has a market capitalization of $829.13 million, a PE ratio of -4.90 and a beta of 3.46. loanDepot has a 1-year low of $1.52 and a 1-year high of $3.71. The firm’s 50-day moving average price is $2.43 and its two-hundred day moving average price is $2.22. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.69.

Insider Buying and Selling

In other loanDepot news, Director Anthony Li Hsieh sold 267,972 shares of loanDepot stock in a transaction on Monday, August 19th. The shares were sold at an average price of $2.74, for a total value of $734,243.28. Following the completion of the transaction, the director now owns 3,242,985 shares of the company’s stock, valued at approximately $8,885,778.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other loanDepot news, Director Anthony Li Hsieh sold 267,972 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $2.74, for a total value of $734,243.28. Following the sale, the director now directly owns 3,242,985 shares of the company’s stock, valued at approximately $8,885,778.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeff Alexander Walsh sold 66,666 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $2.53, for a total value of $168,664.98. Following the transaction, the insider now owns 3,938,792 shares in the company, valued at $9,965,143.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,818,125 shares of company stock valued at $7,284,420. Corporate insiders own 83.04% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Atria Investments Inc boosted its stake in loanDepot by 41.0% during the 3rd quarter. Atria Investments Inc now owns 21,916 shares of the company’s stock worth $60,000 after purchasing an additional 6,372 shares during the last quarter. Park Avenue Securities LLC acquired a new position in loanDepot during the third quarter worth about $27,000. Empowered Funds LLC grew its stake in loanDepot by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 233,542 shares of the company’s stock valued at $638,000 after acquiring an additional 11,792 shares in the last quarter. American Century Companies Inc. lifted its stake in loanDepot by 27.3% in the 2nd quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock worth $151,000 after purchasing an additional 19,655 shares in the last quarter. Finally, Cetera Advisors LLC boosted its holdings in shares of loanDepot by 66.3% during the 1st quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock worth $294,000 after purchasing an additional 45,173 shares during the last quarter. 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.