LM Funding America (NASDAQ:LMFA) Share Price Crosses Below 50-Day Moving Average – What’s Next?

LM Funding America, Inc. (NASDAQ:LMFA) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.58 and traded as low as $0.3150. LM Funding America shares last traded at $0.3189, with a volume of 226,548 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on LMFA shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LM Funding America in a research report on Monday, December 29th. Wall Street Zen upgraded shares of LM Funding America from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $5.00.

LM Funding America Stock Performance

The company has a fifty day moving average of $0.58 and a two-hundred day moving average of $1.16. The stock has a market capitalization of $3.89 million, a P/E ratio of -0.14 and a beta of 2.26. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

LM Funding America (NASDAQ:LMFA) last issued its earnings results on Friday, November 14th. The financial services provider reported ($0.49) EPS for the quarter, hitting the consensus estimate of ($0.49). LM Funding America had a negative return on equity of 30.25% and a negative net margin of 83.44%.The company had revenue of $2.44 million during the quarter, compared to analyst estimates of $2.50 million. On average, equities analysts anticipate that LM Funding America, Inc. will post -5.5 EPS for the current year.

Institutional Trading of LM Funding America

Institutional investors and hedge funds have recently modified their holdings of the business. Anson Funds Management LP acquired a new position in shares of LM Funding America in the 3rd quarter valued at about $1,608,000. Sabby Management LLC acquired a new position in LM Funding America in the third quarter valued at approximately $728,000. Armistice Capital LLC grew its holdings in shares of LM Funding America by 28.4% during the second quarter. Armistice Capital LLC now owns 397,899 shares of the financial services provider’s stock valued at $1,138,000 after purchasing an additional 87,905 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of LM Funding America during the 3rd quarter worth approximately $139,000. Finally, Two Sigma Investments LP acquired a new stake in shares of LM Funding America during the 3rd quarter worth approximately $100,000. 22.73% of the stock is owned by institutional investors and hedge funds.

LM Funding America Company Profile

LM Funding America, Inc, headquartered in Miami, Florida, is a specialty finance company that provides retail installment contracts to subprime borrowers. The company originates, acquires, and manages motor vehicle retail financing through a network of franchised and independent automobile dealerships across the United States. LM Funding America holds and services its loan portfolio through its wholly owned subsidiary, LM Funding America Service Corp., and offers floorplan financing to new and used vehicle dealers through LM Funding Floorplan LLC.

Established in 2013, LM Funding America completed its initial public offering on the Nasdaq Stock Market in 2015, enabling the company to expand its lending operations and geographic presence.