News articles about LendingClub Corporation (NYSE:LC) have trended somewhat positive on Tuesday, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LendingClub Corporation earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the credit services provider an impact score of 46.2903564785785 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- LendingClub Corporation (LC) 3.83% away from 20 SMA – Voice Of Analysts (analystsbuzz.com)
- LendingClub: Capital Supply A Major Risk – Seeking Alpha (seekingalpha.com)
- Q4 2017 Earnings Forecast for LendingClub Corporation (LC) Issued By Craig Hallum (americanbankingnews.com)
- Short Interest in LendingClub Corporation (LC) Drops By 15.4% (americanbankingnews.com)
- LendingClub Schedules Third Quarter 2017 Earnings Release and Conference Call (finance.yahoo.com)
A number of research firms have recently issued reports on LC. BidaskClub lowered LendingClub Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Zacks Investment Research lowered LendingClub Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. ValuEngine lowered LendingClub Corporation from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Stifel Nicolaus restated a “hold” rating and issued a $6.50 price target on shares of LendingClub Corporation in a research report on Thursday, August 10th. Finally, Canaccord Genuity restated a “hold” rating and issued a $7.00 price target on shares of LendingClub Corporation in a research report on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $6.78.
LendingClub Corporation (NYSE LC) opened at 6.32 on Tuesday. The company has a 50-day moving average price of $6.20 and a 200 day moving average price of $5.77. The stock’s market capitalization is $2.60 billion. LendingClub Corporation has a 12 month low of $4.64 and a 12 month high of $6.78.
LendingClub Corporation (NYSE:LC) last released its earnings results on Monday, August 7th. The credit services provider reported ($0.06) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06). The firm had revenue of $139.60 million during the quarter, compared to analysts’ expectations of $134.02 million. LendingClub Corporation had a negative net margin of 24.52% and a negative return on equity of 11.97%. LendingClub Corporation’s revenue for the quarter was up 35.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.09) EPS. Equities analysts predict that LendingClub Corporation will post $0.04 earnings per share for the current year.
In other LendingClub Corporation news, insider Timothy Bogan sold 25,000 shares of LendingClub Corporation stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $6.50, for a total value of $162,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Sameer Gulati sold 8,305 shares of LendingClub Corporation stock in a transaction that occurred on 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 directly owns 265,657 shares of the company’s stock, valued at $1,349,537.56. The disclosure for this sale can be found here. Insiders sold a total of 213,070 shares of company stock valued at $1,283,225 over the last ninety days. 11.40% of the stock is owned by corporate insiders.
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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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