When did loanDepot go public?
These now-public mortgage lenders are being joined by loanDepot (NYSE: LDI), which just went public on Thursday, Feb. 11. Here’s what investors should know about the IPO and loanDepot’s business.
Is loanDepot publicly traded?
loanDepot went public on the New York Stock Exchange on February 11, 2021 under the ticker symbol LDI.
What happened to loanDepot IPO?
LoanDepot (NYSE:LDI) fell Monday to its lowest level since going public three months ago, closing below its $14 IPO price and completely erasing a big pop the stock saw in its first two trading days in February.
Is loanDepot stock a good buy?
loanDepot’s analyst rating consensus is a ‘Moderate Buy. loanDepot released its earnings results on Oct 31, 2021. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.387 by $0.073.
Will loanDepot stock go up?
Will loanDepot stock price grow / rise / go up? Yes. The LDI stock price can go up from 6.560 USD to 10.571 USD in one year.
Is loanDepot profitable?
Retail powerhouse loanDepot continued to gain market share in the first quarter of 2021 despite tumbling profit margins. Net income was $427.9 million in the first quarter on revenue of $1.3 billion, which was a decline from the $547 million in income and $1.3 billion in revenue in the fourth quarter.
How many shares does loanDepot have?
Company Overview
| Proposed Symbol | — |
|---|---|
| Fiscal Year End | 12/31 |
| Total Offering Expense | $4,440,000.00 |
| Shareholder Shares Offered | 3600000 |
| Shares Outstanding | 61,881,376 |
Why is loanDepot stock low?
loanDepot notes that the quarter-over-quarter decrease was primarily driven by a decline in gain on sale margins – down to 2.28%, down from 2.98% in Q1 2021 and 5.39% a year ago – and an increase in servicing rights fair value losses.
How much debt does loanDepot have?
loanDepot Closes $150 Million Term Debt Transaction.
Why is Loan Depot stock low?
Why is LoanDepot stock low?
How many customers does LoanDepot have?
In our first decade alone, we’ve grown to become the nation’s fifth largest retail mortgage lender and the second largest nonbank retail originator, funding more than $275 billion since inception. Today, our nationwide team of 10,000-plus members assists more than 27,000 customers each month.