Somewhat Positive Media Coverage Somewhat Unlikely to Impact LendingClub Corporation (LC) Stock Price
Media coverage about LendingClub Corporation (NYSE:LC) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. LendingClub Corporation earned a news impact score of 0.19 on Accern’s scale. Accern also gave media headlines about the credit services provider an impact score of 45.6366489337135 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s analysis:
- See what the IHS Markit Score report has to say about LendingClub Corp. (finance.yahoo.com)
- Moody's Closes Intelligence Provider Bureau van Dijk Buyout (finance.yahoo.com)
- LendingClub Corporation (NYSE:LC) Rating Reiterated by Citigroup Inc. (americanbankingnews.com)
- LendingClub Corp. breached its 50 day moving average in a Bullish Manner : LC-US : August 8, 2017 (finance.yahoo.com)
- LendingClub (LC) Q2 Incurs Loss as Expected, Revenues Rise (finance.yahoo.com)
A number of equities analysts recently commented on the company. Vetr downgraded LendingClub Corporation from a “strong-buy” rating to a “hold” rating and set a $6.55 target price for the company. in a report on Wednesday. Credit Suisse Group reaffirmed a “neutral” rating and issued a $8.00 price target on shares of LendingClub Corporation in a research note on Thursday. Canaccord Genuity reaffirmed a “hold” rating and issued a $7.00 price target on shares of LendingClub Corporation in a research note on Thursday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $6.50 price target on shares of LendingClub Corporation in a research note on Thursday. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $6.50 price target (up from $6.00) on shares of LendingClub Corporation in a research note on Thursday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.72.
LendingClub Corporation (NYSE:LC) traded down 1.69% during midday trading on Friday, hitting $5.80. The stock had a trading volume of 6,849,285 shares. LendingClub Corporation has a 52-week low of $4.64 and a 52-week high of $6.78. The company’s 50 day moving average price is $5.42 and its 200-day moving average price is $5.63. The stock’s market cap is $2.39 billion.
LendingClub Corporation (NYSE:LC) last released its quarterly earnings results on Monday, August 7th. The credit services provider reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). The company had revenue of $139.60 million during the quarter, compared to analysts’ expectations of $134.02 million. LendingClub Corporation had a negative return on equity of 11.97% and a negative net margin of 24.52%. LendingClub Corporation’s quarterly revenue was up 35.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.09) EPS. Analysts forecast that LendingClub Corporation will post $0.05 EPS for the current fiscal year.
In other LendingClub Corporation news, insider Sandeep Bhandari sold 69,050 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $5.87, for a total transaction of $405,323.50. Following the completion of the transaction, the insider now owns 47,737 shares of the company’s stock, valued at $280,216.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Sameer Gulati sold 8,305 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $5.08, for a total value of $42,189.40. Following the transaction, the chief operating officer now directly owns 265,657 shares of the company’s stock, valued at approximately $1,349,537.56. The disclosure for this sale can be found here. Insiders sold a total of 329,149 shares of company stock valued at $1,883,699 in the last ninety days. 11.40% of the stock is currently owned by insiders.
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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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