loanDepot (NYSE:LDI) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

loanDepot (NYSE:LDI) released its quarterly earnings results on Tuesday. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06), FiscalAI reports. The firm had revenue of $316.27 million for the quarter, compared to analyst estimates of $333.29 million. loanDepot had a negative net margin of 6.46% and a negative return on equity of 22.40%.

loanDepot Stock Up 4.1%

Shares of NYSE LDI traded up $0.08 during mid-day trading on Tuesday, reaching $1.91. The company had a trading volume of 3,696,349 shares, compared to its average volume of 3,612,437. The company has a debt-to-equity ratio of 6.94, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $634.82 million, a price-to-earnings ratio of -5.29, a PEG ratio of 0.41 and a beta of 3.47. The stock has a fifty day moving average of $2.25 and a two-hundred day moving average of $2.66. loanDepot has a 12-month low of $1.01 and a 12-month high of $5.05.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LDI shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of loanDepot in a research note on Thursday, January 22nd. Bank of America set a $1.75 target price on loanDepot in a report on Monday, December 1st. Finally, The Goldman Sachs Group set a $2.40 target price on loanDepot in a research report on Tuesday, January 6th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $2.38.

Insider Buying and Selling

In other loanDepot news, CEO Anthony Li Hsieh sold 884,495 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $2.70, for a total value of $2,388,136.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 2,830,815 shares of company stock worth $7,182,662 over the last quarter. Insiders own 83.04% of the company’s stock.

Hedge Funds Weigh In On loanDepot

Institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd acquired a new position in shares of loanDepot in the fourth quarter worth $225,000. VARCOV Co. acquired a new stake in loanDepot during the fourth quarter valued at $267,000. Quadrature Capital Ltd acquired a new stake in loanDepot during the fourth quarter valued at $90,000. Engineers Gate Manager LP purchased a new position in loanDepot in the fourth quarter valued at about $317,000. Finally, Balyasny Asset Management L.P. grew its stake in loanDepot by 227.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 49,381 shares of the company’s stock valued at $102,000 after purchasing an additional 34,305 shares in the last quarter. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

loanDepot Company Profile

loanDepot, Inc (NYSE: LDI) is a leading non-bank consumer lender that provides a broad range of home and personal financing products through a digitally enabled platform. The company specializes in originating and servicing purchase and refinance mortgage loans, home equity lines of credit (HELOCs), and personal loans. Through its proprietary mello™ technology suite, loanDepot streamlines the application, underwriting, and closing processes for borrowers and real estate professionals, emphasizing speed, transparency, and a seamless digital experience.

Founded in 2010 by Anthony Hsieh, loanDepot has grown rapidly to become one of the largest independent mortgage lenders in the United States.