News articles about LendingClub (NYSE:LC) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LendingClub earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the credit services provider an impact score of 45.4995265774979 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s analysis:
- Delta raises 2018 earnings guidance 20% due to tax law (nismagazine.com)
- Lending Club Corp.: LendingClub Continues to Caution Investors Against Unsolicited Exchange Offer from IEG Holdings (twst.com)
- Options Traders Expect Huge Moves in LendingClub (LC) Stock (finance.yahoo.com)
LendingClub (LC) opened at $4.27 on Tuesday. LendingClub has a 1 year low of $3.29 and a 1 year high of $6.78. The firm has a market capitalization of $1,771.49, a price-to-earnings ratio of -18.56 and a beta of 1.60. The company has a debt-to-equity ratio of 3.52, a current ratio of 18.02 and a quick ratio of 16.90.
LC has been the topic of a number of research analyst reports. Needham & Company LLC initiated coverage on LendingClub in a report on Wednesday, November 1st. They set a “buy” rating and a $7.00 target price on the stock. ValuEngine lowered LendingClub from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. BTIG Research reaffirmed a “buy” rating and set a $9.00 target price on shares of LendingClub in a report on Wednesday, September 27th. BidaskClub lowered LendingClub from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 21st. Finally, Morgan Stanley decreased their price target on LendingClub from $7.00 to $6.50 and set an “overweight” rating for the company in a research report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $6.54.
In other LendingClub news, COO Sameer Gulati sold 8,351 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $5.64, for a total transaction of $47,099.64. Following the completion of the sale, the chief operating officer now directly owns 296,221 shares in the company, valued at approximately $1,670,686.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John J. Mack acquired 20,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were acquired at an average price of $4.28 per share, with a total value of $85,600.00. Following the completion of the transaction, the director now directly owns 1,513,673 shares in the company, valued at approximately $6,478,520.44. The disclosure for this purchase can be found here. Insiders have acquired a total of 25,957,175 shares of company stock valued at $100,843,283 over the last 90 days. Corporate insiders own 9.72% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by BBNS and is owned by of BBNS. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://baseballnewssource.com/markets/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-lendingclub-lc-stock-price/1819908.html.
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.
Receive News & Ratings for LendingClub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LendingClub and related companies with MarketBeat.com's FREE daily email newsletter.