loanDepot, Inc. (LDI)

NYSE: LDI · IEX Real-Time Price · USD
2.370
-0.050 (-2.07%)
At close: Apr 24, 2024, 4:00 PM
2.390
+0.020 (0.84%)
Pre-market: Apr 25, 2024, 9:03 AM EDT
-2.07%
Market Cap 765.72M
Revenue (ttm) 974.02M
Net Income (ttm) -110.14M
Shares Out 323.09M
EPS (ttm) -0.63
PE Ratio n/a
Forward PE 521.45
Dividend n/a
Ex-Dividend Date n/a
Volume 316,054
Open 2.420
Previous Close 2.420
Day's Range 2.320 - 2.500
52-Week Range 1.140 - 3.710
Beta 3.13
Analysts Sell
Price Target 2.17 (-8.44%)
Earnings Date May 7, 2024

About LDI

loanDepot, Inc. engages in originating, financing, selling, and servicing residential mortgage loans in the United States. The company offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. It 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 an... [Read more]

Sector Financials
IPO Date Feb 11, 2021
Employees 4,250
Stock Exchange NYSE
Ticker Symbol LDI
Full Company Profile

Financial Performance

In 2023, loanDepot's revenue was $974.02 million, a decrease of -22.44% compared to the previous year's $1.26 billion. Losses were -$110.14 million, -59.66% less than in 2022.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for LDI stock is "Sell." The 12-month stock price forecast is $2.17, which is a decrease of -8.44% from the latest price.

Price Target
$2.17
(-8.44% downside)
Analyst Consensus: Sell
Stock Forecasts

News

loanDepot, Inc. to Report First Quarter 2024 Financial Results on May 7, 2024

IRVINE, Calif.--(BUSINESS WIRE)---- $LDI #LDI--loanDepot, Inc. to report first quarter 2024 financial results on May 7, 2024.

2 days ago - Business Wire

loanDepot's New AccessONE+ Program Provides First-Time Homebuyers With up to $9,000 in Down Payment Assistance

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot introduced its new AccessONE+ program, intended to remove barriers and make homeownership more accessible.

2 days ago - Business Wire

Levi & Korsinsky, LLP Notifies Shareholders of loanDepot, Inc. (LDI) an Upcoming Claims Deadline in a Class Action Settlement

NEW YORK, NY / ACCESSWIRE / April 18, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against loanDepot, Inc. (NYSE:LDI). The settle...

6 days ago - Accesswire

52 loanDepot Originators Recognized in 2024 Scotsman Guide Top Originators Rankings

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot is proud to announce that 52 of its retail loan originators have been recognized in Scotsman Guide's Top Originators 2024 rankings.

15 days ago - Business Wire

loanDepot Supports Habitat for Humanity's Work to Create Equitable, Inclusive Communities as a Presenting Sponsor of “Home is the Key”

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot is proud to be a presenting sponsor of Habitat for Humanity's annual Home is the Key cause marketing campaign.

22 days ago - Business Wire

loanDepot and Major League Baseball Bring “Ballpark Bingo” Back to Fans for the 2024 Season

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot has brought its popular “Ballpark Bingo: A Celebration of Firsts' campaign” back for a second year.

27 days ago - Business Wire

loanDepot's Toy Eng Named Top Producer on State of New York Mortgage Agency's 2023 Hall of Fame

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI) originator Toy Eng earned the top spot on the State of New York Mortgage Agency's (SONYMA) 2023...

6 weeks ago - Business Wire

LoanDepot Invests in Technology to Prepare for Mortgage Industry Rebound

LoanDepot is investing in technology as it prepares for a rebound in industrywide mortgage origination volumes.

6 weeks ago - PYMNTS

loanDepot Announces Fourth Quarter and Year-End 2023 Financial Results

IRVINE, Calif.--(BUSINESS WIRE)---- $LDI #LDI--loanDepot announces fourth quarter and year-end 2023 financial results.

6 weeks ago - Business Wire

loanDepot CMO Alec Hanson Named a 2024 Inman “Marketing All-Star”

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot announced that Chief Marketing Officer Alec Hanson was named a 2024 Inman Marketing All-Star.

6 weeks ago - Business Wire

loanDepot, Inc. to Report Fourth Quarter and Year-End 2023 Financial Results on March 12, 2024

IRVINE, Calif.--(BUSINESS WIRE)---- $LDI #LDI--loanDepot, Inc. to report fourth quarter and year-end 2023 financial results on March 12, 2024.

2 months ago - Business Wire

loanDepot earns HousingWire's 2024 Tech100 Mortgage award

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot has received HousingWire's 2024 “Tech 100 Mortgage” award, celebrating the most innovative and impactful organizations in housing.

2 months ago - Business Wire

loanDepot recognized as a 2024 Diversity Leader by National Mortgage Professional Magazine

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot has been selected as one of National Mortgage Professional Magazine's “Diversity Leaders” for 2024.

2 months ago - Business Wire

loanDepot's Dan Hanson inducted to California Homebuilding Foundation's Hall of Fame

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot Executive Director Dan Hanson will be inducted to the California Homebuilding Foundation's Hall of Fame.

3 months ago - Business Wire

loanDepot President and CEO Frank Martell recognized among Inman's 2024 “Power Players” for second consecutive year

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot President and CEO Frank Martell was recognized on Inman's 2024 “Power Players” list.

3 months ago - Business Wire

loanDepot Provides Update on Cyber Incident

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot, Inc. (“LDI” or “Company”) (NYSE: LDI), a leading provider of home lending solutions, today provided an update on the cyber incident i...

3 months ago - Business Wire

LoanDepot Continues to Restore Business Operations Amid Cybersecurity Incident

LoanDepot continues to deal with a cybersecurity incident that began Jan. 8. Customers said on social media and forums that they have been unable to access their online accounts, submit mortgage payme...

3 months ago - PYMNTS

loanDepot Says Cybersecurity Incident Accessed Some Systems, Encrypted Data

Mortgage company loanDepot experienced a cybersecurity incident on Monday (Jan. 8). In a cyber incident update posted on its website on Monday at 6 a.m.

3 months ago - PYMNTS

loanDepot's mellohome Launches Partnerships for Solar Installation, Home Improvement and Maintenance Services

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot announced its mellohome real estate affiliate has partnered with top providers in the solar, home improvement, and home maintenance sp...

4 months ago - Business Wire

loanDepot featured in Orange County Business Journal's fourth annual report on “Companies That Care”

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot has been named in Orange County Business Journal's fourth annual “Companies That Care” report.

4 months ago - Business Wire

Loan Depot, Inc. and Cardinal Financial Corporation Face Class Action Disputes Over Deceptive Practices

Consumers accuse companies of misrepresentation on loan payments DALLAS , Dec. 13, 2023 /PRNewswire/ -- Noted trial attorney  Rogge Dunn has filed two class action lawsuits in state court in Dallas Co...

4 months ago - PRNewsWire

loanDepot Introduces New Digital Underwriting Engine That Delivers Conditional Loan Approval in Minutes

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot unveiled its fully automated melloNow underwriting engine, which can deliver a fully conditional loan approval in minutes.

4 months ago - Business Wire

loanDepot CIO George Brady honored with HousingWire's 2023 Tech Trendsetters award

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot's CIO George Brady received HousingWire's 2023 “Tech Trendsetters” award.

5 months ago - Business Wire

loanDepot Joins EXIT Realty's Strategic Partner Network

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI), a leading provider of home lending solutions that enable customers to achieve the dream of hom...

5 months ago - Business Wire

loanDepot Announces Third Quarter 2023 Financial Results

IRVINE, Calif.--(BUSINESS WIRE)---- $LDI #LDI--loanDepot, Inc. (NYSE: LDI) (together with its subsidiaries, “loanDepot” or the “Company”), a leading provider of home lending solutions that enable cust...

6 months ago - Business Wire