Landsea Homes (NASDAQ:LSEA) Earns Buy Rating from B. Riley

Landsea Homes (NASDAQ:LSEA)‘s stock had its “buy” rating reissued by stock analysts at B. Riley in a report issued on Tuesday, Benzinga reports. They presently have a $18.00 price target on the stock, up from their prior price target of $17.00. B. Riley’s price objective would indicate a potential upside of 58.59% from the stock’s previous close.

Several other equities research analysts have also recently commented on LSEA. Wedbush lifted their price target on shares of Landsea Homes from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Oppenheimer boosted their target price on shares of Landsea Homes from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Barclays raised their target price on Landsea Homes from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd.

Landsea Homes Stock Performance

Shares of NASDAQ LSEA traded down $0.39 during mid-day trading on Tuesday, hitting $11.35. The company had a trading volume of 57,354 shares, compared to its average volume of 202,141. The stock has a market cap of $411.78 million, a price-to-earnings ratio of 17.73, a PEG ratio of 0.72 and a beta of 1.13. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.70 and a quick ratio of 2.70. The firm’s 50 day simple moving average is $11.88 and its two-hundred day simple moving average is $10.93. Landsea Homes has a 12 month low of $8.16 and a 12 month high of $14.91.

Insider Buying and Selling

In related news, Director Elias Farhat sold 60,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $12.07, for a total value of $724,200.00. Following the completion of the sale, the director now owns 272,685 shares in the company, valued at $3,291,307.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 51.00% of the company’s stock.

Institutional Investors Weigh In On Landsea Homes

A number of institutional investors have recently modified their holdings of LSEA. Signaturefd LLC acquired a new position in shares of Landsea Homes in the 2nd quarter worth $28,000. Point72 Asset Management L.P. bought a new position in shares of Landsea Homes during the 2nd quarter worth approximately $31,000. Byrne Asset Management LLC acquired a new position in shares of Landsea Homes in the 2nd quarter worth approximately $32,000. SG Americas Securities LLC bought a new stake in shares of Landsea Homes during the third quarter valued at approximately $125,000. Finally, Algert Global LLC grew its position in shares of Landsea Homes by 16.0% during the 2nd quarter. Algert Global LLC now owns 13,043 shares of the company’s stock worth $120,000 after buying an additional 1,798 shares during the period. Institutional investors own 82.99% of the company’s stock.

About Landsea Homes

Landsea Homes Corporation engages in the design, construction, marketing, and sale of suburban and urban single-family detached and attached homes in the United States. The company develops homes and communities; builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities.