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loanDepot reports quarterly loss, missing expectations and dropping stock price.
Mortgage lender loanDepot reported a loss of $0.26 per share for its latest quarter, missing analysts' expectations and causing a drop in its stock price.
The company's negative net margin stood at 8.95%, and Goldman Sachs revised its price target from $1.70 to $2.70 while maintaining a "sell" rating.
Director Anthony Li Hsieh sold a significant portion of his shares.
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loanDepot reporta pérdida trimestral, falta de expectativas y caída del precio de las acciones.