Streetbeat News

LDI

loanDepot, Inc.

https://www.loandepot.com

Industry

Financial - Mortgages

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. The company was founded in 2010 and is headquartered in Foothill Ranch, California.

Open

2.53

Mkt cap

797M

Volume

630K

High

2.56

P/E Ratio

-4.84

52-wk high

3.71

Low

2.42

Div yield

N/A

52-wk low

1.52

Goldman Sachs analyst Ryan Nash maintains a Sell rating on loanDepot (NYSE:LDI) and lowers the price target from $2.25 to $1.5.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 1:41 pm

JMP Securities analyst Trevor Cranston has reiterated a Market Perform rating on loanDepot (NYSE:LDI).

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 3:43 pm

JMP Securities analyst Trevor Cranston has reiterated a Market Perform rating on loanDepot (NYSE:LDI).

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 3:07 pm

loanDepot reported Q1 2024 adjusted EPS of $(0.12), missing the $(0.06) estimate, with sales of $222.785M also missing the $231.560M estimate. This represents a 36.84% increase in losses per share and a 7.16% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:35 pm

Banzai International, Inc. (NASDAQ:BNZI) reported a 46% increase in customer growth in Q1 2024, adding over 580 customers, driven by its Demio and Reach platforms. New clients include Cisco, LoanDepot (NYSE:LDI), and Enovis (NYSE:ENOV). The company is also exploring acquisitions of Boast, IGLeads, and Cliently, and launched Demio AI Moderator, enhancing its marketing technology offerings.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 12:05 pm

Clover Health Investments, Corp. (CLOV) shares rose by 11% after reporting better-than-expected Q4 revenue and FY24 guidance. Other stocks also moved significantly, with Gaxos.ai Inc. (GXAI) and Veritone, Inc. (VERI) among the top gainers, while voxeljet AG (VJET) and Luna Innovations Incorporated (LUNA) led the losers.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 5:18 pm

Dollar Tree reported weaker-than-expected Q4 FY23 results, leading to a 14.5% drop in its shares. Other stocks also moved lower, including NaaS Technology, Comtech Telecommunications, loanDepot, Rackspace Technology, ZIM Integrated Shipping Services, Neumora Therapeutics, Tevogen Bio Holdings, ADC Therapeutics, Solowin Holdings, Arcos Dorados Holdings, Ichor Holdings, Nukkleus, and Tesla, due to various reasons such as disappointing earnings, downgrades, and financial offerings.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 2:22 pm

Goldman Sachs analyst Ryan Nash has maintained a Sell rating on loanDepot (NYSE:LDI) and reduced the price target from $3 to $2.5.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:57 pm

loanDepot (NYSE:LDI) reported Q4 earnings with an EPS of $-0.08, missing estimates by -14%, and revenue up $58.97 million year-over-year. Despite missing EPS estimates this quarter, loanDepot had previously beaten EPS estimates in Q3 2023, which led to an 8% share price increase the following day.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 8:15 pm

loanDepot reported Q4 2023 adjusted EPS of $(0.08), missing the $(0.07) estimate, with sales of $228.626M also missing the $236.757M estimate. This represents a 34.76% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:12 pm

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