Landsea Homes (NASDAQ:LSEA) Coverage Initiated by Analysts at Oppenheimer

Equities researchers at Oppenheimer began coverage on shares of Landsea Homes (NASDAQ:LSEAGet Free Report) in a research note issued on Friday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $14.00 price target on the stock. Oppenheimer’s price target would indicate a potential upside of 41.13% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Wedbush restated an “outperform” rating and set a $16.00 target price on shares of Landsea Homes in a report on Wednesday, May 1st. Barclays dropped their price objective on Landsea Homes from $14.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd.

Check Out Our Latest Stock Report on LSEA

Landsea Homes Price Performance

LSEA opened at $9.92 on Friday. The stock has a market cap of $358.91 million, a price-to-earnings ratio of 14.59 and a beta of 1.11. Landsea Homes has a 1 year low of $7.00 and a 1 year high of $14.91. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average price of $11.38 and a 200 day moving average price of $11.87.

Landsea Homes (NASDAQ:LSEAGet Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.07). Landsea Homes had a net margin of 2.08% and a return on equity of 6.17%. The company had revenue of $294.04 million for the quarter, compared to the consensus estimate of $277.30 million. During the same quarter last year, the business earned $0.18 earnings per share. Analysts forecast that Landsea Homes will post 1.4 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Holdings Corp Landsea sold 4,100,000 shares of Landsea Homes stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $6.00, for a total transaction of $24,600,000.00. Following the sale, the insider now directly owns 12,840,729 shares of the company’s stock, valued at $77,044,374. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, major shareholder Holdings Corp Landsea sold 4,100,000 shares of Landsea Homes stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $6.00, for a total transaction of $24,600,000.00. Following the sale, the insider now directly owns 12,840,729 shares of the company’s stock, valued at $77,044,374. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mollie Fadule bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average cost of $9.78 per share, for a total transaction of $97,800.00. Following the completion of the transaction, the director now owns 71,727 shares of the company’s stock, valued at $701,490.06. The disclosure for this purchase can be found here. Insiders have bought a total of 30,430 shares of company stock valued at $334,788 over the last three months. 51.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Landsea Homes

Institutional investors have recently added to or reduced their stakes in the stock. AJOVista LLC acquired a new stake in Landsea Homes during the fourth quarter valued at approximately $64,000. Quarry LP acquired a new position in shares of Landsea Homes in the 4th quarter worth approximately $90,000. LSV Asset Management acquired a new position in shares of Landsea Homes in the 4th quarter worth approximately $135,000. New York State Common Retirement Fund boosted its holdings in shares of Landsea Homes by 3,727.9% in the 4th quarter. New York State Common Retirement Fund now owns 10,718 shares of the company’s stock worth $141,000 after acquiring an additional 10,438 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Landsea Homes in the 4th quarter worth approximately $148,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Landsea Homes Company Profile

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Landsea Homes Corporation engages in the design, construction, marketing, and sale of suburban and urban single-family detached and attached homes in the United States. The company develops homes and communities; builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities.

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