Media coverage about LendingClub (NYSE:LC) has been trending somewhat positive on Tuesday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. LendingClub earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the credit services provider an impact score of 46.8033792668547 out of 100, indicating 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 media stories that may have impacted Accern’s rankings:
- After Hours Most Active for Jan 2, 2018 : SFUN, LC, SGMS, HII, CHD, JD, INTC, BAC, QQQ, LX, PFE, MSFT – Nasdaq (nasdaq.com)
- LendingClub Corp (LC) Expected to Announce Earnings of $0.02 Per Share (americanbankingnews.com)
- LendingClub Corporation (LC): Analyzing Basic Trading Data – Market Movers (financialqz.com)
- Analysts Sights: Lendingclub Corp (LC) – Emn News (emnnews.com)
- LendingClub Corporation (NYSE:LC) – Where Relative Volume Stands? – Nasdaq Journal (press release) (nasdaqjournal.com)
LendingClub (NYSE:LC) traded up $0.16 during midday trading on Tuesday, hitting $4.29. 9,845,895 shares of the stock traded hands, compared to its average volume of 6,396,700. LendingClub has a 12-month low of $3.29 and a 12-month high of $6.78. The stock has a market cap of $1,780.00 and a price-to-earnings ratio of -18.65. The company has a quick ratio of 16.90, a current ratio of 18.02 and a debt-to-equity ratio of 3.52.
Several research analysts have commented on the stock. BTIG Research reaffirmed a “buy” rating and issued a $9.00 target price on shares of LendingClub in a research note on Wednesday, September 27th. Needham & Company LLC assumed coverage on shares of LendingClub in a research note on Wednesday, November 1st. They issued a “buy” rating and a $7.00 target price on the stock. Maxim Group initiated coverage on shares of LendingClub in a research note on Tuesday, November 7th. They issued a “buy” rating and a $8.00 target price on the stock. Canaccord Genuity reduced their price objective on shares of LendingClub from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Finally, Oppenheimer restated a “buy” rating and set a $5.00 target price on shares of LendingClub in a report on Friday, December 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.54.
In other news, major shareholder Tian Qiao Chen bought 21,927,175 shares of the stock in a transaction dated Tuesday, December 12th. The stock was purchased at an average cost of $3.90 per share, for a total transaction of $85,515,982.50. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Timothy Bogan sold 25,000 shares of the 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 disclosure for this sale can be found here. Over the last three months, insiders purchased 25,957,175 shares of company stock valued at $100,843,283 and sold 80,624 shares valued at $409,564. Corporate 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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