UBS Group Cuts loanDepot (NYSE:LDI) Price Target to $1.25

loanDepot (NYSE:LDI) had its price target trimmed by UBS Group from $1.35 to $1.25 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

loanDepot Stock Performance

Shares of NYSE LDI opened at $1.11 on Wednesday. The stock’s fifty day simple moving average is $1.41 and its 200 day simple moving average is $1.84. The stock has a market capitalization of $362.75 million, a price-to-earnings ratio of -2.13, a PEG ratio of 0.25 and a beta of 3.38. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.76. loanDepot has a 52-week low of $1.01 and a 52-week high of $3.23.

Institutional Trading of loanDepot

A number of hedge funds have recently bought and sold shares of LDI. Cannell & Spears LLC raised its holdings in shares of loanDepot by 301.3% during the fourth quarter. Cannell & Spears LLC now owns 1,294,200 shares of the company’s stock valued at $2,640,000 after acquiring an additional 971,700 shares during the period. Barclays PLC purchased a new position in loanDepot during the 3rd quarter worth approximately $2,180,000. Geode Capital Management LLC raised its stake in loanDepot by 21.0% during the 3rd quarter. Geode Capital Management LLC now owns 720,747 shares of the company’s stock valued at $1,968,000 after purchasing an additional 125,059 shares during the period. Empowered Funds LLC lifted its holdings in shares of loanDepot by 5.0% in the fourth quarter. Empowered Funds LLC now owns 245,189 shares of the company’s stock valued at $500,000 after purchasing an additional 11,647 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of loanDepot in the third quarter worth $54,000. 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.