LM Funding America (NASDAQ:LMFA) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

LM Funding America, Inc. (NASDAQ:LMFA) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.29 and traded as low as $0.2156. LM Funding America shares last traded at $0.2211, with a volume of 578,798 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LM Funding America in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.00.

LM Funding America Trading Down 6.2%

The firm has a market capitalization of $3.59 million, a PE ratio of -0.08 and a beta of 2.33. The company has a fifty day moving average of $0.29 and a 200-day moving average of $0.52. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.18 and a quick ratio of 1.18.

LM Funding America (NASDAQ:LMFA) last issued its quarterly earnings data on Friday, March 27th. The financial services provider reported ($1.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.98). The business had revenue of $2.37 million during the quarter, compared to the consensus estimate of $2.80 million. LM Funding America had a negative return on equity of 80.72% and a negative net margin of 304.39%.

Institutional Investors Weigh In On LM Funding America

Several hedge funds have recently made changes to their positions in LMFA. Anson Funds Management LP bought a new stake in shares of LM Funding America in the third quarter valued at about $1,608,000. Sabby Management LLC bought a new stake in shares of LM Funding America in the third quarter valued at about $728,000. Armistice Capital LLC lifted its stake in shares of LM Funding America by 40.5% in the fourth quarter. Armistice Capital LLC now owns 527,611 shares of the financial services provider’s stock valued at $234,000 after buying an additional 152,171 shares during the period. Citadel Advisors LLC bought a new stake in shares of LM Funding America in the third quarter valued at about $139,000. Finally, Jane Street Group LLC lifted its stake in shares of LM Funding America by 782.6% in the fourth quarter. Jane Street Group LLC now owns 124,390 shares of the financial services provider’s stock valued at $55,000 after buying an additional 110,297 shares during the period. Institutional investors own 22.73% of the company’s stock.

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.