UPDATE: Piper Sandler Starts LoanDepot Inc (LDI) at Neutral

Go back to UPDATE: Piper Sandler Starts LoanDepot Inc (LDI) at Neutral

Street Initiates Coverage of loanDepot (LDI) With Ratings Leaning Positive

March 9, 2021 9:13 AM EST

loanDepot (NYSE: LDI) made its public trading debut last month by raising just $54 million. The company sold shares at $14.00 apiece, below the previously-communicated range of $19.00 to $21.00.

The company initially wanted to raise $362.5 million by selling 17 million shares at $21.00. However, the company opted to sell fewer shares at a lower price, signaling weaker-than-expected interest.

Shares of LDI closed at $19.22 yesterday.

This week, the Street has initiated the coverage of LDI with ratings mostly leaning positive. Firms Citi, Credit Suisse, Barclays, Jefferies, JMP Securities,... More

Citi Starts LoanDepot Inc (LDI) at Buy

March 9, 2021 6:05 AM EST

Citi analyst Arren Cyganovich, initiates coverage on LoanDepot Inc (NYSE: LDI) with a Buy rating and a price target of $25.00.


For an analyst ratings summary and ratings history on LoanDepot Inc click here. For more ratings news on LoanDepot Inc click here.


Shares of LoanDepot Inc closed at $19.25 yesterday.

... More

UBS Starts LoanDepot Inc (LDI) at Neutral

March 9, 2021 4:46 AM EST

UBS analyst Brock Vandervliet initiates coverage on LoanDepot Inc (NYSE: LDI) with a Neutral rating and a price target of $20.00.


For an analyst ratings summary and ratings history on LoanDepot Inc click here. For more ratings news on LoanDepot Inc click here.


Shares of LoanDepot Inc closed at $19.22 yesterday.

... More

Credit Suisse Starts LoanDepot Inc (LDI) at Outperform

March 9, 2021 4:43 AM EST

Credit Suisse analyst Timothy Chiodo initiates coverage on LoanDepot Inc (NYSE: LDI) with a Outperform rating and a price target of $25.00.


For an analyst ratings summary and ratings history on LoanDepot Inc click here. For more ratings news on LoanDepot Inc click here.


Shares of LoanDepot Inc closed at $19.22 yesterday.

... More

Jefferies Starts LoanDepot Inc (LDI) at Buy

March 9, 2021 4:42 AM EST

Jefferies analyst Ryan Carr initiates coverage on LoanDepot Inc (NYSE: LDI) with a Buy rating and a price target of $33.00.


For an analyst ratings summary and ratings history on LoanDepot Inc click here. For more ratings news on LoanDepot Inc click here.


Shares of LoanDepot Inc closed at $19.22 yesterday.

... More

Barclays Starts LoanDepot Inc (LDI) at Overweight

March 9, 2021 3:22 AM EST

Barclays analyst Mark DeVries initiates coverage on LoanDepot Inc (NYSE: LDI) with a Overweight rating and a price target of $25.00.


For an analyst ratings summary and ratings history on LoanDepot Inc click here. For more ratings news on LoanDepot Inc click here.


Shares of LoanDepot Inc closed at $19.22 yesterday.

... More

JMP Securities Starts LoanDepot Inc (LDI) at Market Outperform

March 9, 2021 3:17 AM EST

JMP Securities analyst Trevor Cranston initiates coverage on LoanDepot Inc (NYSE: LDI) with a Market Outperform rating and a price target of $25.00.


For an analyst ratings summary and ratings history on LoanDepot Inc... More

Morgan Stanley Starts LoanDepot Inc (LDI) at Equalweight

March 9, 2021 2:54 AM EST

Morgan Stanley analyst James Faucette initiates coverage on LoanDepot Inc (NYSE: LDI) with a Equalweight rating and a price target of $21.00.


For an analyst ratings summary and ratings history on LoanDepot Inc click here. For more ratings news on LoanDepot Inc click here.


Shares of LoanDepot Inc closed at $19.22 yesterday.

... More

Raymond James Starts LoanDepot Inc (LDI) at Outperform

March 8, 2021 7:43 AM EST

Raymond James initiates coverage on LoanDepot Inc (NYSE: LDI) with a Outperform rating and a price target of $23.00.


For an analyst ratings summary and ratings history on LoanDepot Inc click here. For more ratings news on LoanDepot Inc click here.


Shares of LoanDepot Inc closed at $18.51 yesterday.

... More

UPDATE: Goldman Sachs Starts LoanDepot Inc (LDI) at Neutral

March 8, 2021 3:21 AM EST

(Updated - March 8, 2021 4:17 AM EST)

Goldman Sachs analyst Ryan Nash initiates coverage on LoanDepot Inc (NYSE: LDI) with a Neutral rating and a price target of $22.00.

The analyst comments "We believe LDI is well positioned to capitalize on the opportunity to gain market share across the fragmented mortgage origination market as the market gradually continues to consolidate around a... More