loanDepot, Inc. (NYSE:LDI – Get Rating) insider Jeffrey Michael Dergurahian sold 100,000 shares of loanDepot stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $1.47, for a total transaction of $147,000.00. Following the sale, the insider now directly owns 7,042,969 shares of the company’s stock, valued at approximately $10,353,164.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of LDI opened at $1.48 on Friday. loanDepot, Inc. has a 52 week low of $1.41 and a 52 week high of $13.20. The firm has a market cap of $461.33 million, a P/E ratio of 5.48 and a beta of 1.21. The firm’s 50-day simple moving average is $2.59 and its 200 day simple moving average is $3.71. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.15 and a current ratio of 1.15.

loanDepot (NYSE:LDI – Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.29). loanDepot had a net margin of 1.16% and a return on equity of 9.56%. The company had revenue of $503.31 million during the quarter, compared to analyst estimates of $686.33 million. During the same quarter last year, the company posted $0.98 EPS. As a group, equities analysts forecast that loanDepot, Inc. will post -0.66 earnings per share for the current year.

Several equities analysts have recently issued reports on the stock. Piper Sandler lowered shares of loanDepot from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $6.00 to $3.50 in a report on Wednesday, May 11th. JMP Securities cut shares of loanDepot from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 11th. Credit Suisse Group cut their price objective on shares of loanDepot to $5.50 and set a “neutral” rating on the stock in a research report on Thursday, May 19th. Barclays cut their price objective on shares of loanDepot from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 12th. Finally, Citigroup cut shares of loanDepot from a “neutral” rating to a “sell” rating and cut their price objective for the company from $5.00 to $2.00 in a research report on Wednesday, May 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, loanDepot has a consensus rating of “Hold” and an average price target of $7.04.

Several large investors have recently made changes to their positions in LDI. Renaissance Technologies LLC lifted its stake in loanDepot by 1,293.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,025,400 shares of the company’s stock valued at $4,922,000 after purchasing an additional 951,819 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of loanDepot during the third quarter valued at $401,000. HST Ventures LLC acquired a new stake in shares of loanDepot during the fourth quarter worth $1,049,000. BlackRock Inc. increased its position in shares of loanDepot by 5.0% during the third quarter. BlackRock Inc. now owns 63,955 shares of the company’s stock worth $433,000 after buying an additional 3,036 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its holdings in loanDepot by 287.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,992,633 shares of the company’s stock worth $9,565,000 after purchasing an additional 1,478,331 shares during the period. Hedge funds and other institutional investors own 4.12% of the company’s stock.

About loanDepot (Get Rating)

loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. It offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. The company 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.

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