LendingClub Corporation (LC) Earning Somewhat Positive Media Coverage, Analysis Finds
Headlines about LendingClub Corporation (NYSE:LC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. LendingClub Corporation earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave media coverage about the credit services provider an impact score of 45.9952973133665 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- LendingClub Corporation (LC) Stock Rating Upgraded by ValuEngine (americanbankingnews.com)
- LendingClub Corporation (NYSE:LC) Stock Closed 10.6% Above Its … – Modern Readers (modernreaders.com)
- Reflections On The Current State Of Workday, Inc. (WDAY), LendingClub Corporation (LC) – AllStockNews (allstocknews.com)
- LendingClub Corporation (LC) noted a price change of 1.51% and … – Stocks Gallery (stocksgallery.com)
- Breaking Down the Chart for LendingClub Corporation (LC) – Economic News (economicsandmoney.com)
LendingClub Corporation (NYSE:LC) opened at 6.04 on Thursday. LendingClub Corporation has a one year low of $4.64 and a one year high of $6.78. The firm’s market capitalization is $2.48 billion. The stock’s 50 day moving average is $5.50 and its 200 day moving average is $5.61.
LendingClub Corporation (NYSE:LC) last released its quarterly earnings data on Monday, August 7th. The credit services provider reported ($0.06) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.06). LendingClub Corporation had a negative net margin of 24.52% and a negative return on equity of 11.97%. The business had revenue of $139.60 million during the quarter, compared to analyst estimates of $134.02 million. During the same quarter last year, the business earned ($0.09) earnings per share. LendingClub Corporation’s quarterly revenue was up 35.0% compared to the same quarter last year. On average, equities research analysts predict that LendingClub Corporation will post $0.04 earnings per share for the current fiscal year.
Several research firms have weighed in on LC. ValuEngine upgraded LendingClub Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research cut LendingClub Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Vetr cut LendingClub Corporation from a “strong-buy” rating to a “buy” rating and set a $6.55 target price for the company. in a research note on Wednesday, August 16th. Wedbush set a $6.00 target price on LendingClub Corporation and gave the stock a “hold” rating in a research note on Tuesday, August 15th. Finally, Citigroup Inc. restated a “neutral” rating and set a $6.50 target price (up from $6.00) on shares of LendingClub Corporation in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. LendingClub Corporation presently has a consensus rating of “Hold” and a consensus price target of $6.78.
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In other news, insider Bradley Coleman sold 29,906 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $5.71, for a total value of $170,763.26. Following the completion of the sale, the insider now owns 76,876 shares in the company, valued at approximately $438,961.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Sameer Gulati sold 8,305 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $5.08, for a total transaction of $42,189.40. Following the completion of the sale, the chief operating officer now 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 have sold 260,796 shares of company stock valued at $1,476,881 in the last quarter. 11.40% of the stock is owned by company insiders.
About LendingClub Corporation
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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