Goldman Sachs Maintains Sell on loanDepot, Lowers Price Target to $2.5
$LDI
Finance: Consumer Services
Finance
Goldman Sachs analyst Ryan Nash maintains loanDepot (NYSE:LDI) with a Sell and lowers the price target from $3 to $2.5.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/9/2024 | $3.00 | Neutral → Sell | Goldman |
| 12/6/2023 | $2.00 | Neutral | UBS |
| 3/9/2023 | Outperform → Mkt Perform | William Blair | |
| 1/9/2023 | Outperform → Neutral | Credit Suisse | |
| 5/11/2022 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 5/11/2022 | $5.00 → $2.00 | Neutral → Sell | Citigroup |
| 5/11/2022 | $6.00 → $3.50 | Overweight → Neutral | Piper Sandler |
| 2/17/2022 | $12.00 → $7.00 | Market Outperform | JMP Securities |
8-K - loanDepot, Inc. (0001831631) (Filer)
EFFECT - loanDepot, Inc. (0001831631) (Filer)
424B3 - loanDepot, Inc. (0001831631) (Filer)
Goldman downgraded loanDepot from Neutral to Sell and set a new price target of $3.00
UBS initiated coverage of loanDepot with a rating of Neutral and set a new price target of $2.00
William Blair downgraded loanDepot from Outperform to Mkt Perform
New venture connects award-winning approach to new home construction with industry-leading lending platform to exceed customer expectations loanDepot, Inc. (NYSE: "LDI"), a leading provider of products and services that power the homeownership journey, and Smith Douglas Homes (NYSE:SDHC), the nation's 36th largest new home builderi with a strong presence in America's Southeast and Southern regions, today announced a new joint venture that will provide a smooth and streamlined financing option for new home buyers. Called Ridgeland Mortgage, the venture expands loanDepot's footprint in the purchase mortgage market while supporting Smith Douglas Homes' continued growth and success. It will b
loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced that the Company will release its third quarter 2024 financial results on November 5, 2024, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET on loanDepot's investor relations website, investors.loandepot.com. The call will include a review of the quarterly results followed by a question and answer session. The conference call can also be accessed by dialing (800) 715-9871, Conference ID: 9881136. Attendees should call five minutes in advance to ensure that you
Builds on long-standing loanDepot commitment to veterans and history of serving its communities In a continuation of loanDepot's long history of supporting veterans and serving the communities in which its team works and lives, loanDepot President and CEO Frank Martell and his wife Donna were honored this weekend with the Marine Corps Scholarship Foundation's prestigious Globe and Anchor Award for their dedication to educating the children of Marines and Navy Corpsmen. The couple was presented with the award during the organization's annual West Coast Campaign Celebratory Dinner in Newport Beach. The Eagle, Globe, and Anchor—the official emblem of the United States Marine Corps uniform si
Builds on long-standing loanDepot commitment to veterans and history of serving its communities In a continuation of loanDepot's long history of supporting veterans and serving the communities in which its team works and lives, loanDepot President and CEO Frank Martell and his wife Donna were honored this weekend with the Marine Corps Scholarship Foundation's prestigious Globe and Anchor Award for their dedication to educating the children of Marines and Navy Corpsmen. The couple was presented with the award during the organization's annual West Coast Campaign Celebratory Dinner in Newport Beach. The Eagle, Globe, and Anchor—the official emblem of the United States Marine Corps uniform si
Bergjans' unwavering dedication to veterans aligns perfectly with loanDepot's mission to serve those who've served us loanDepot, Inc. ("LDI" or "Company") (NYSE:LDI), a leading provider of products and services that power the homeownership journey, continues to build on its strength in Veterans Administration (VA) lending with the appointment of U.S. Navy Veteran and VA lending powerhouse Bryan Bergjans as its national director of military growth and strategy. Bergjans, a highly respected national advocate for the military community, is a dynamic mortgage industry leader with nearly two decades of military experience and an abiding passion for serving the active-duty military and Veteran c
loanDepot, Inc. ("LDI" or "Company") (NYSE:LDI) a leading provider of products and services that power the homeownership journey, has appointed Nancy Smith to lead its growing Colorado and Wyoming branches as Regional Vice President, In-Market Retail. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240909022024/en/loanDepot has appointed Nancy Smith to lead its growing Colorado and Wyoming branches as Regional Vice President, In-Market Retail. (Photo: Business Wire) "To successfully navigate today's homebuying markets, homebuyers and real estate professionals look for mortgage partners who can provide deep local expertise and indu
Goldman Sachs analyst Ryan Nash maintains loanDepot (NYSE:LDI) with a Sell and lowers the price target from $2.25 to $1.5.
JMP Securities analyst Trevor Cranston reiterates loanDepot (NYSE:LDI) with a Market Perform.
JMP Securities analyst Trevor Cranston reiterates loanDepot (NYSE:LDI) with a Market Perform.
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loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced that the Company will release its third quarter 2024 financial results on November 5, 2024, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET on loanDepot's investor relations website, investors.loandepot.com. The call will include a review of the quarterly results followed by a question and answer session. The conference call can also be accessed by dialing (800) 715-9871, Conference ID: 9881136. Attendees should call five minutes in advance to ensure that you
loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of lending solutions that make the American dream of homeownership more accessible and achievable for all, today announced that the Company will release its second quarter 2024 financial results on August 6, 2024, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET on loanDepot's investor relations website, investors.loandepot.com. The call will include a review of the quarterly results followed by a question and answer session. The conference call can also be accessed by dialing (800) 715-9871, Conference ID: 9881136. Attendees should cal
Positive revenue and cost momentum partially offset by the impact of January cyber incident. Year-over year highlights: Revenue increased $15 million or 7% to $223 million primarily driven by higher servicing income and pull through weighted gain on sale margin, partially offset by revenue loss due to the cyber incident. Expenses decreased $7 million or 2% to $308 million primarily from lower personnel and marketing costs. Company incurred $15 million of net charges directly related to cyber incident during the quarter. Net loss decreased 22% to $72 million. Adjusted net loss decreased 35% to $38 million. Maintained strong liquidity profile with cash balance of $604 million
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4 - loanDepot, Inc. (0001831631) (Issuer)
4 - loanDepot, Inc. (0001831631) (Issuer)