LendingClub Corp (LC) Earning Somewhat Positive Press Coverage, Study Finds
News coverage about LendingClub Corp (NYSE:LC) has trended somewhat positive this week, according to Alpha One Sentiment. The research firm, a service of Accern, rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. LendingClub Corp earned a news impact score of 0.10 on Alpha One’s scale. Alpha One also assigned media stories about the credit services provider an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected AlphaOne Sentiment Analysis’s scoring:
- LendingClub Reaches Analyst Target Price (nasdaq.com)
- LendingClub Corp. breached its 50 day moving average in a Bullish Manner : LC-US : April 19, 2017 (finance.yahoo.com)
- Morgan Stanley Reiterates Overweight Rating for LendingClub Corp (LC) (americanbankingnews.com)
- LendingClub Corp (LC) Downgraded to “Buy” at Vetr Inc. (americanbankingnews.com)
- LendingClub Corp (LC) Earning Somewhat Negative Media Coverage, Analysis Finds (americanbankingnews.com)
A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus assumed coverage on shares of LendingClub Corp in a research report on Wednesday. They set a “hold” rating and a $6.00 price target for the company. Canaccord Genuity reiterated a “hold” rating and set a $7.00 price target on shares of LendingClub Corp in a research report on Wednesday, February 15th. Zacks Investment Research downgraded shares of LendingClub Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, January 11th. Vetr downgraded shares of LendingClub Corp from a “strong-buy” rating to a “buy” rating and set a $6.00 price target for the company. in a research report on Tuesday, April 11th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $8.00 price target on shares of LendingClub Corp in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. LendingClub Corp has a consensus rating of “Hold” and an average price target of $6.04.
LendingClub Corp (NYSE:LC) traded up 1.40% during mid-day trading on Thursday, reaching $5.80. 8,918,059 shares of the company’s stock traded hands. The company’s market capitalization is $2.32 billion. LendingClub Corp has a 52-week low of $3.44 and a 52-week high of $8.41. The company has a 50-day moving average of $5.36 and a 200-day moving average of $5.57.
LendingClub Corp (NYSE:LC) last released its quarterly earnings data on Tuesday, February 14th. The credit services provider reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $129.20 million for the quarter, compared to analyst estimates of $121.84 million. LendingClub Corp had a negative net margin of 21.75% and a negative return on equity of 6.68%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 EPS. Equities research analysts expect that LendingClub Corp will post $0.05 EPS for the current year.
In other news, insider Sandeep Bhandari sold 8,898 shares of the stock in a transaction on Monday, February 27th. The shares were sold at an average price of $5.66, for a total transaction of $50,362.68. Following the transaction, the insider now owns 49,959 shares in the company, valued at approximately $282,767.94. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Scott Sanborn sold 33,669 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $6.74, for a total transaction of $226,929.06. Following the transaction, the chief executive officer now owns 1,977,793 shares in the company, valued at approximately $13,330,324.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,998 shares of company stock worth $410,173. Company insiders own 11.40% of the company’s stock.
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About LendingClub Corp
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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