LendingClub Corporation (LC) Receives News Impact Rating of 0.28
News articles about LendingClub Corporation (NYSE:LC) have been trending positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. LendingClub Corporation earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned news headlines about the credit services provider an impact score of 46.886303808925 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- LendingClub Corporation (NYSE:LC) Sees Light Trading Volume … – Modern Readers (modernreaders.com)
- Zacks: Analysts Expect LendingClub Corporation (NYSE:LC) Will Announce Earnings of -$0.06 Per Share (americanbankingnews.com)
- NY Acquires 2761 Shares of LendingClub Corporation (NYSE:LC) (topactu.net)
- What’s Behind LendingClub Corp (LC)’s Movement – Evergreen Caller (evergreencaller.com)
- Analyst Thinks Lending Club Deserves More Credit, Upgrades To Outperform – Benzinga (benzinga.com)
LendingClub Corporation (LC) traded up 2.36% on Friday, hitting $5.21. 4,351,109 shares of the stock traded hands. The stock has a 50-day moving average of $5.43 and a 200-day moving average of $5.63. The firm’s market cap is $2.10 billion. LendingClub Corporation has a 12-month low of $4.30 and a 12-month high of $6.78.
LendingClub Corporation (NYSE:LC) last released its earnings results on Thursday, May 4th. The credit services provider reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. The company had revenue of $124.50 million for the quarter, compared to analyst estimates of $121.63 million. LendingClub Corporation had a negative net margin of 38.40% and a negative return on equity of 14.31%. LendingClub Corporation’s revenue for the quarter was down 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.05 earnings per share. Analysts forecast that LendingClub Corporation will post $0.03 earnings per share for the current year.
Several equities research analysts recently issued reports on the stock. BidaskClub downgraded shares of LendingClub Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of LendingClub Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. UBS AG raised shares of LendingClub Corporation from a “neutral” rating to a “positive” rating in a research note on Monday, May 1st. Vetr downgraded shares of LendingClub Corporation from a “strong-buy” rating to a “buy” rating and set a $6.00 price target on the stock. in a research note on Tuesday, April 11th. Finally, FBR & Co reaffirmed a “market perform” rating and set a $6.50 price target on shares of LendingClub Corporation in a research note on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $6.51.
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In related news, COO Sameer Gulati sold 8,305 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $5.08, for a total transaction of $42,189.40. Following the completion of the transaction, the chief operating officer now directly owns 265,657 shares in the company, valued at approximately $1,349,537.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Simon Williams sold 80,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $5.98, for a total transaction of $478,400.00. Following the transaction, the director now owns 161,053 shares of the company’s stock, valued at $963,096.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 463,239 shares of company stock valued at $2,677,984. Corporate insiders own 11.40% of the company’s stock.
LendingClub Corporation Company Profile
LendingClub Corporation provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that has been closed to many investors and only available on a limited basis to large institutional investors.
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