Guild (NYSE:GHLD) Shares Gap Up – Should You Buy?

Guild Holdings (NYSE:GHLD)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $12.11, but opened at $12.74. Guild shares last traded at $12.64, with a volume of 1,576 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on GHLD shares. JPMorgan Chase & Co. cut their price target on shares of Guild from $13.00 to $11.50 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Wells Fargo & Company cut their price objective on Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Wedbush reiterated an “outperform” rating and set a $20.00 target price on shares of Guild in a report on Thursday, November 7th. Finally, Compass Point boosted their price objective on shares of Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.67.

Guild Price Performance

The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $777.34 million, a P/E ratio of -8.10, a PEG ratio of 0.26 and a beta of 0.98. The business has a 50 day simple moving average of $13.32 and a 200-day simple moving average of $14.65.

Institutional Trading of Guild

A number of institutional investors have recently made changes to their positions in GHLD. Geode Capital Management LLC boosted its holdings in shares of Guild by 2.0% in the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock worth $1,634,000 after buying an additional 1,901 shares during the period. Basswood Capital Management L.L.C. lifted its position in shares of Guild by 11.9% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock valued at $10,875,000 after acquiring an additional 69,603 shares in the last quarter. Empowered Funds LLC boosted its stake in Guild by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock worth $4,488,000 after purchasing an additional 13,668 shares during the period. Castleview Partners LLC purchased a new position in Guild during the 3rd quarter worth approximately $79,000. Finally, Renaissance Technologies LLC raised its stake in Guild by 8.2% during the 2nd quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after purchasing an additional 2,100 shares during the period. 17.52% of the stock is owned by institutional investors and hedge funds.

Guild Company Profile

Guild Holdings Company originates, sells, and services residential mortgage loans in the United States. It operates in two segments, Origination and Servicing. The company offers residential mortgages through retail and correspondent channels. Guild Holdings Company was incorporated in 1960 and is headquartered in San Diego, California.