Media coverage about LendingClub (NYSE:LC) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LendingClub earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave media stories about the credit services provider an impact score of 46.7588531063746 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Trending Stock Buzzer: Lendingclub Corp (LC) – Post Registrar (postregistrar.com)
- LendingClub Corp (LC) Sees Large Growth in Short Interest (americanbankingnews.com)
- Stock Bulletin: Lendingclub Corp (LC) – Emn News (emnnews.com)
- Trending Stock under Radar: Lendingclub Corp (LC) – Post Registrar (postregistrar.com)
- LendingClub Corp (LC) Expected to Post Quarterly Sales of $152.01 Million (americanbankingnews.com)
A number of brokerages have commented on LC. Zacks Investment Research raised LendingClub from a “sell” rating to a “hold” rating in a report on Tuesday. Maxim Group reissued a “buy” rating and set a $6.00 price objective on shares of LendingClub in a report on Tuesday, February 20th. Credit Suisse Group decreased their price objective on LendingClub from $5.60 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, February 21st. Citigroup decreased their price objective on LendingClub from $4.25 to $4.00 and set a “neutral” rating for the company in a report on Thursday, February 22nd. Finally, Guggenheim lowered LendingClub from a “buy” rating to a “neutral” rating and set a $7.00 price objective for the company. in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. LendingClub currently has an average rating of “Hold” and a consensus price target of $6.24.
LendingClub (NYSE:LC) last released its earnings results on Tuesday, February 20th. The credit services provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $156.50 million during the quarter, compared to the consensus estimate of $157.55 million. LendingClub had a negative net margin of 26.77% and a negative return on equity of 7.10%. The business’s revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.02) earnings per share. analysts anticipate that LendingClub will post -0.08 EPS for the current year.
In other LendingClub news, Director Kenneth D. Denman bought 30,000 shares of LendingClub stock in a transaction dated Wednesday, February 28th. The stock was bought at an average cost of $3.16 per share, with a total value of $94,800.00. Following the completion of the acquisition, the director now directly owns 30,000 shares in the company, valued at approximately $94,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John J. Mack bought 50,000 shares of LendingClub stock in a transaction dated Thursday, February 22nd. The stock was acquired at an average cost of $3.83 per share, with a total value of $191,500.00. Following the completion of the acquisition, the director now owns 1,563,673 shares of the company’s stock, valued at $5,988,867.59. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 7,776,016 shares of company stock valued at $27,761,077. 9.72% of the stock is currently owned by corporate insiders.
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LendingClub 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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