loanDepot logged a 2.9% change during today's morning session, and is now trading at a price of $2.77 per share.
loanDepot returned gains of 67.1% last year, with its stock price reaching a high of $3.57 and a low of $1.14. Over the same period, the stock outperformed the S&P 500 index by 44.6%. More recently, the company's 50-day average price was $1.61. loanDepot, Inc. engages in originating, financing, selling, and servicing residential mortgage loans in the United States. Based in Foothill Ranch, CA, the small-cap Finance company has 4,532 full time employees. loanDepot has not offered a dividend during the last year.
The Company Has Lacking Information on Debt Levels:
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Revenue (k) | $1,337,131 | $4,312,174 | $3,724,704 | $1,255,796 | $915,049 |
| Revenue Growth | n/a | 222.49% | -13.62% | -66.28% | -27.13% |
| Interest Income (k) | $159,749 | $159,994 | $218,457 | $150,897 | $121,288 |
| Operating Margins | 2% | 47% | 18% | -55% | -41% |
| Net Margins | 3% | 47% | 17% | 25% | -18% |
| Net Income (k) | $34,420 | $2,013,110 | $623,146 | $313,816 | -$160,219 |
| Depreciation & Amort. (k) | $37,400 | $35,669 | $35,541 | $42,195 | $41,423 |
| Free Cash Flow (k) | -$1,509,931 | -$2,064,618 | -$1,519,809 | $4,417,535 | $55,121 |
| Capital Expenditures | $12,551 | $33,905 | $54,124 | $43,211 | $21,915 |
loanDepot has declining revenues and increasing reinvestment in the business, positive expected EPS Growth, and negative cash flows. Furthermore, the firm has consistently negative margins with a negative growth trend.
loanDepot does not have a meaningful trailing P/E ratio since its earnings per share are currently in the red. Based on its EPS guidance of $0.08, the company has a forward P/E ratio of 20.1. In comparison, the average P/E ratio for the Finance sector is 12.38. On the other hand, the market is undervaluing loanDepot in terms of its equity because its P/B ratio is 1.29. In comparison, the sector average is 1.58.
Analysts Give loanDepot an Average Rating of Hold:
The 5 analysts following loanDepot have set target prices ranging from $1.65 to $2.5 per share, for an average of $1.98 with a hold rating. As of April 2023, the company is trading -18.7% away from its average target price, indicating that there is an analyst belief that shares are overpriced.
loanDepot has an average amount of shares sold short because 4.0% of the company's shares are sold short. Institutions own 30.2% of the company's shares, and the insider ownership rate stands at 21.86%, suggesting a large amount of insider shareholders. The largest shareholder is Cannell Capital LLC, whose 7% stake in the company is worth $14,947,613.
