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

loanDepot (NYSE:LDI) had its price target increased by The Goldman Sachs Group from $1.70 to $2.70 in a report issued on Thursday,Benzinga reports. The firm currently has a sell rating on the stock.

Separately, UBS Group boosted their price target on loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research report on Thursday, September 5th.

loanDepot Stock Performance

loanDepot stock opened at $2.42 on Thursday. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.16 and a quick ratio of 1.18. The firm has a fifty day moving average of $2.43 and a 200-day moving average of $2.23. loanDepot has a 52-week low of $1.52 and a 52-week high of $3.71.

Insiders Place Their Bets

In other loanDepot news, Director Anthony Li Hsieh sold 639,186 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $2.97, for a total value of $1,898,382.42. Following the transaction, the director now owns 2,390,460 shares of the company’s stock, valued at $7,099,666.20. This trade represents a 21.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeff Alexander Walsh sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $2.85, for a total value of $142,500.00. Following the transaction, the insider now owns 4,122,128 shares of the company’s stock, valued at $11,748,064.80. This represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,549,436 shares of company stock valued at $6,510,596 in the last quarter. Insiders own 83.04% of the company’s stock.

Institutional Investors Weigh In On loanDepot

Hedge funds and other institutional investors have recently bought and sold shares of the business. Atria Investments Inc grew its holdings in shares of loanDepot by 41.0% in the 3rd quarter. Atria Investments Inc now owns 21,916 shares of the company’s stock worth $60,000 after acquiring an additional 6,372 shares during the last quarter. Park Avenue Securities LLC acquired a new position in shares of loanDepot in the 3rd quarter valued at about $27,000. Empowered Funds LLC boosted its holdings in shares of loanDepot by 5.3% during the third quarter. Empowered Funds LLC now owns 233,542 shares of the company’s stock worth $638,000 after purchasing an additional 11,792 shares during the period. Jane Street Group LLC acquired a new position in loanDepot in the 3rd quarter valued at approximately $54,000. Finally, American Century Companies Inc. grew its holdings in shares of loanDepot by 27.3% during the 2nd quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock valued at $151,000 after acquiring an additional 19,655 shares in the last quarter. 39.39% of the stock is currently owned by institutional investors.

About loanDepot

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.