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

B. Riley reissued their buy rating on shares of Landsea Homes (NASDAQ:LSEA) in a report issued on Tuesday,Benzinga reports. The brokerage currently has a $18.00 price objective on the stock, up from their previous price objective of $17.00. B. Riley also issued estimates for Landsea Homes’ Q4 2024 earnings at $0.59 EPS, FY2024 earnings at $1.44 EPS and FY2025 earnings at $2.19 EPS.

A number of other research firms have also commented on LSEA. Barclays upped their price target 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. Oppenheimer raised their price target on Landsea Homes from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, Wedbush lifted their price target on shares of Landsea Homes from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, August 2nd.

Landsea Homes Price Performance

LSEA stock opened at $11.04 on Tuesday. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.79. The firm’s 50-day moving average price is $11.83 and its two-hundred day moving average price is $10.93. The stock has a market capitalization of $400.56 million, a price-to-earnings ratio of 15.33, a PEG ratio of 0.81 and a beta of 1.13. Landsea Homes has a 12-month low of $8.28 and a 12-month high of $14.91.

Insider Buying and Selling at Landsea Homes

In other Landsea Homes news, Director Elias Farhat sold 60,000 shares of Landsea Homes stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $12.07, for a total transaction of $724,200.00. Following the completion of the transaction, the director now owns 272,685 shares in the company, valued at approximately $3,291,307.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 51.00% of the company’s stock.

Institutional Investors Weigh In On Landsea Homes

Several large investors have recently bought and sold shares of the business. Gladius Capital Management LP purchased a new stake in shares of Landsea Homes during the 3rd quarter valued at about $32,000. Signaturefd LLC purchased a new stake in Landsea Homes in the second quarter worth approximately $28,000. Point72 Asset Management L.P. bought a new stake in Landsea Homes in the 2nd quarter worth approximately $31,000. Byrne Asset Management LLC purchased a new stake in Landsea Homes during the 2nd quarter valued at $32,000. Finally, SG Americas Securities LLC bought a new position in shares of Landsea Homes during the 3rd quarter valued at $125,000. 82.99% of the stock is currently owned by institutional investors.

Landsea Homes Company Profile

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.