Landsea Homes (NASDAQ:LSEA) Target Lowered by B. Riley to $14.00

Landsea Homes stock has undergone multiple analysts rating changes in the recent past.  stock Target Lowered by B. Riley on 10/12/2021. In a note to investors, the firm issued a new target price of $14.00. The analysts previously had $15.00 target price. B. Riley’s price target would indicate a potential upside of 60.73% from the stock’s previous close.

Shares of traded on monday, reaching $8.86. 2757 shares of the stock traded hands, compared to its average volume of 54466. On monday, Shares of closed at $8.86. The firm’s 50 day moving average is $8.73 and its 200 day moving average is $9.03.  has a 12 month low of $7.68 and a 12 month high of $11.15. While on yearly highs and lows, today has traded high as $8.86 and has touched $8.65 on the downward trend.

Earnings and What to expect: 

Landsea Homes last posted its quarterly earnings results on August 5th, 2021. The reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.26. The company earned $250.27 million during the quarter, compared to analyst estimates of $187.80 million. Landsea Homes has generated $0.00 earnings per share over the last year. Earnings for Landsea Homes are expected to grow by 19.23% in the coming year, from $1.30 to $1.55 per share. Landsea Homes has confirmed that its next quarterly earnings report will be published on Wednesday, November 10th, 2021. Landsea Homes will be holding an earnings conference call on Wednesday, November 10th at 10:00 AM Eastern. Interested parties can or dial in at 404-537-3406 with passcode “2871078”.

Earnings for Landsea Homes are expected to grow by 19.23% in the coming year, from $1.30 to $1.55 per share. Landsea Homes has a P/B Ratio of 7.38. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

(NASDAQ:LSEA) Moving Average Technical Analysis

5 day Moving Average is $$8.73 And 5 day price change is $0.05 (0.0058)  with average volume for 5 day average is 40,680. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $8.73 and 20 day price change is -$0.04 (-0.46%) and average 20 day moving volume is 58,220. 50 day moving average is $8.73  and 50 day price change is $0.30 ( 3.57%)  and with average volume for 50 days is : 63,242. 200 day moving average is $9.03  and 200 day price change is -$1.85 (-17.52%)  and with average volume for 200 days is : 108,918.

Other owners latest trading in Landsea Homes :

  • On 8/25/2021 shares held by Marshall Wace LLP were 18,004 which equates to market value of $0.15M and appx 0.00% owners of Landsea Homes
  • On 8/25/2021 shares held by Marshall Wace North America L.P. were 11,044 which equates to market value of $92K and appx 0.00% owners of Landsea Homes
  • On 8/23/2021 shares held by Morgan Stanley were 6,278 which equates to market value of $53K and appx 0.00% owners of Landsea Homes
  • In total Institutional ownership equates to Institutional Ownership Percentage: 16.28% for Landsea Homes

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