loanDepot reports 1.6 million share exchange: five analysts rate loanDepot stock

Published on 10/06/2026 at 00:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 adjusted loss narrowed to USD 29.00 million from USD 34.00 million. loanDepot stock targets include USD 1.00 from Goldman Sachs.

LDI, US53946R1068, Illustration mit AI erstellt.

loanDepot (US53946R1068) reported a 1,598,390-share Class A exchange effective October 1, 2026, in a filing covered by StockTitan. The transaction comes as five analysts carried a Strong Sell consensus in a September 11, 2026 report, with three sell ratings and two hold ratings, according to MarketBeat.

Share exchange meets a weak consensus

The filing describes an exchange of Common Units for an equal number of Class A common stock shares, while the corresponding Class B shares were canceled for no consideration. The transaction therefore changes the form of ownership rather than adding the same number of shares to the total position.

The September analyst snapshot also listed a USD 1.9167 average one-year target and identified Goldman Sachs with a USD 1.00 target dated August 10, 2026, according to MarketBeat. The spread between the consensus target and the Goldman target highlights the wide range of views around a mortgage lender still operating through a difficult rate environment.

Home equity changes the earnings mix

In the second quarter of 2026, loanDepot reported adjusted total revenue of USD 308.00 million, up from USD 299.00 million in the first quarter, while its adjusted net loss narrowed to USD 29.00 million from USD 34.00 million. The figures were reported in the company's second-quarter earnings call transcript published by Yahoo Finance.

The pull-through weighted gain-on-sale margin reached 345 basis points in the second quarter, compared with 271 basis points in the first quarter. Management also guided third-quarter origination volume to USD 6.25 billion to USD 8.25 billion and the gain-on-sale margin to 360 to 390 basis points, with home equity products supporting the higher-margin mix.

The same call said home equity unit volume increased 25 percent from the first quarter and purchase market share increased 33 percent in the second quarter. Cash ended the quarter at USD 229.00 million, down USD 48.00 million from the first quarter, while the company discussed a USD 10.00 billion servicing-rights sale expected to settle later in 2026.

Market value stays tied to execution

loanDepot had a market capitalization of USD 203.0 million on October 5, 2026. Its 52-week range was USD 0.57 to USD 3.80, placing the equity picture alongside a substantial operating and balance-sheet adjustment.

Next earnings date

Investing.com lists November 10, 2026 as loanDepot's next earnings date. For investors tracking LDI, the next report will test whether stronger margins and home equity volume can offset the company's continuing cash demands.