Press coverage about LendingClub (NYSE:LC) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LendingClub earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news headlines about the credit services provider an impact score of 45.4995265774979 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’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)
- Analysts’ Views: Lendingclub Corp (LC) – Emn News (emnnews.com)
LC has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of LendingClub from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Oppenheimer lowered their target price on shares of LendingClub from $7.50 to $6.25 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. Compass Point upgraded shares of LendingClub from a “sell” rating to a “neutral” rating in a report on Friday, December 8th. Canaccord Genuity lowered their target price on shares of LendingClub from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Finally, Maxim Group assumed coverage on shares of LendingClub in a report on Tuesday, November 7th. They set a “buy” rating and a $8.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.54.
LendingClub (NYSE:LC) opened at $4.27 on Friday. The firm has a market cap of $1,770.00, a price-to-earnings ratio of -18.57 and a beta of 1.60. LendingClub has a fifty-two week low of $3.29 and a fifty-two week high of $6.78. The company has a current ratio of 18.02, a quick ratio of 16.90 and a debt-to-equity ratio of 3.52.
In related news, major shareholder Tian Qiao Chen acquired 4,000,000 shares of LendingClub stock in a transaction on Thursday, December 7th. The stock was purchased at an average cost of $3.80 per share, with a total value of $15,200,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Sameer Gulati sold 8,351 shares of LendingClub stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $5.64, for a total transaction of $47,099.64. Following the transaction, the chief operating officer now directly owns 296,221 shares of the company’s stock, valued at $1,670,686.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 25,957,175 shares of company stock valued at $100,843,283. Company insiders own 9.72% of the company’s stock.
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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