William Blair downgraded loanDepot from Outperform to Mkt Perform
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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 |
Company appoints mortgage and real estate veteran Kathryn McKissick as its leader loanDepot, Inc. (NYSE:LDI) and Onx Homes, announced that their new joint venture, ONX X+ Mortgage, is now serving homebuyers in Florida and Texas. The partnership pairs Onx Homes' innovative approach to homebuilding with loanDepot's best-in-class lending platform to deliver a seamless, tech-forward mortgage experience for new construction homebuyers. "With our joint venture now serving customers in Florida and Texas, we're thrilled to continue our work transforming and streamlining the homebuying experience for our customers," said Onx Homes Chief Operating Officer Ravi Bhat. "By bringing Onx's groundbreak
Q1 was a quarter of positive momentum for the company. Higher volume, margins and ongoing cost discipline drive improved Q1 results. Company Founder and Executive Chairman Anthony Hsieh also returned to the company's day-to-day operations in Q1; Hsieh will focus on expanding originations and driving innovation through tech enablement. Current CEO Frank Martell set to transition to a board advisory role in June; Hsieh will assume interim CEO role at that time. Highlights: Revenue increased 23% to $274 million and adjusted revenue increased 21% to $278 million compared to the prior year on higher volume and pull-through weighted gain on sale margin. Strong mortgage revenue growth more
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 first quarter 2025 financial results on May 6, 2025, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET. The call will include a review of financial results and operational highlights followed by a question-and-answer session. The conference call can be accessed by registering online in advance at https://registrations.events/direct/Q4I41447641 at which time registrants will receive dial-in information as well as a conference ID.
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
S-8 - loanDepot, Inc. (0001831631) (Filer)
8-K - loanDepot, Inc. (0001831631) (Filer)
8-K - loanDepot, Inc. (0001831631) (Filer)
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4 - loanDepot, Inc. (0001831631) (Issuer)
4 - loanDepot, Inc. (0001831631) (Issuer)
4 - loanDepot, Inc. (0001831631) (Issuer)
4 - loanDepot, Inc. (0001831631) (Issuer)
4 - loanDepot, Inc. (0001831631) (Issuer)
SC 13D/A - loanDepot, Inc. (0001831631) (Subject)
SC 13D/A - loanDepot, Inc. (0001831631) (Subject)
SC 13G/A - loanDepot, Inc. (0001831631) (Subject)
Company appoints mortgage and real estate veteran Kathryn McKissick as its leader loanDepot, Inc. (NYSE:LDI) and Onx Homes, announced that their new joint venture, ONX X+ Mortgage, is now serving homebuyers in Florida and Texas. The partnership pairs Onx Homes' innovative approach to homebuilding with loanDepot's best-in-class lending platform to deliver a seamless, tech-forward mortgage experience for new construction homebuyers. "With our joint venture now serving customers in Florida and Texas, we're thrilled to continue our work transforming and streamlining the homebuying experience for our customers," said Onx Homes Chief Operating Officer Ravi Bhat. "By bringing Onx's groundbreak
loanDepot, Inc. ("LDI" or "Company") (NYSE:LDI), a leading provider of products and services that power the homeownership journey, has appointed industry veteran Alec Hanson to a newly created role leading revenue development and growth initiatives, effective immediately. Hanson, who joined loanDepot in 2011 and currently serves as the company's chief marketing officer, brings two decades of mortgage experience to the position. He will report to LDI Mortgage President Jeff Walsh. Executive Vice President TJ Freeborn will retain overall responsibility for the company's marketing function, with a title change to chief marketing and customer experience officer. Among other things, Freeborn w
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
Q1 was a quarter of positive momentum for the company. Higher volume, margins and ongoing cost discipline drive improved Q1 results. Company Founder and Executive Chairman Anthony Hsieh also returned to the company's day-to-day operations in Q1; Hsieh will focus on expanding originations and driving innovation through tech enablement. Current CEO Frank Martell set to transition to a board advisory role in June; Hsieh will assume interim CEO role at that time. Highlights: Revenue increased 23% to $274 million and adjusted revenue increased 21% to $278 million compared to the prior year on higher volume and pull-through weighted gain on sale margin. Strong mortgage revenue growth more
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 first quarter 2025 financial results on May 6, 2025, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET. The call will include a review of financial results and operational highlights followed by a question-and-answer session. The conference call can be accessed by registering online in advance at https://registrations.events/direct/Q4I41447641 at which time registrants will receive dial-in information as well as a conference ID.
Revenue increased 9% for the year on higher pull-through weighted gain on sale margin and volume, driving significant reduction of losses. Full-year 2024 highlights: Revenue increased 9% to $1.06 billion and adjusted revenue increased 10% to $1.10 billion compared to 2023. Pull-through weighted gain on sale margin grew to 317 basis points, up 42 bps compared to 2023. Net loss of $202 million, including $25 million of cybersecurity related costs, compared with prior year net loss of $236 million. Adjusted net loss of $95 million, compared with prior year adjusted net loss of $152 million, reflecting the positive impact of higher revenue and cost productivity. Adjusted EBITDA of $8