NASDAQ:LXLexinFintech Stock Price, Forecast & News

LexinFintech's stock was trading at $9.70 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, LX shares have increased by 19.5% and is now trading at $11.59. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LexinFintech in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for LexinFintech.

LexinFintech is scheduled to release its next quarterly earnings announcement on Friday, September 4th 2020. View our earnings forecast for LexinFintech.

LexinFintech Holdings Ltd - (NASDAQ:LX) issued its quarterly earnings data on Thursday, June, 4th. The company reported ($3.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.95 by $4.23. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.08 billion. LexinFintech had a return on equity of 21.92% and a net margin of 10.62%. The firm's revenue for the quarter was up 40.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.44 EPS. View LexinFintech's earnings history.

6 analysts have issued 1 year price objectives for LexinFintech's shares. Their forecasts range from $12.34 to $22.00. On average, they expect LexinFintech's share price to reach $15.70 in the next twelve months. This suggests a possible upside of 35.5% from the stock's current price. View analysts' price targets for LexinFintech.

Media stories about LX stock have trended negative recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. LexinFintech earned a media sentiment score of -2.8 on InfoTrie's scale. They also gave news stories about the company a news buzz of 7.0 out of 10, meaning that recent press coverage is likely to have an impact on the stock's share price in the next few days. View the latest news about LexinFintech.

Some companies that are related to LexinFintech include SBI (SBHGF), Green Dot (GDOT), 360 Finance (QFIN), Walker & Dunlop (WD), Mr. Cooper Group (COOP), Wins Finance (WINS), Blucora (BCOR), Qudian (QD), Yirendai (YRD), Oportun Financial (OPRT), Curo Group (CURO), CNFinance (CNF), America First Multifamily Investors (ATAX), Jiayin Group (JFIN) and X Financial (XYF). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other LexinFintech investors own include Marvell Technology Group (MRVL), NVIDIA (NVDA), NeoGenomics (NEO), Square (SQ), Alibaba Group (BABA), Canopy Growth (CGC), Inseego (INSG), Baidu (BIDU), JD.Com (JD) and Inovio Pharmaceuticals (INO).

(LX) raised $120 million in an IPO on Thursday, December 21st 2017. The company issued 12,000,000 shares at $9.00-$11.00 per share. Goldman Sachs (Asia), BofA Merrill Lynch, Deutsche Bank Securities and China Renaissance acted as the underwriters for the IPO and ICBC International was co-manager.

LexinFintech trades on the NASDAQ under the ticker symbol "LX."

Shares of LX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of LX stock can currently be purchased for approximately $11.59.

LexinFintech has a market capitalization of $2.04 billion and generates $1.52 billion in revenue each year. The company earns $329.59 million in net income (profit) each year or $1.76 on an earnings per share basis. LexinFintech employs 3,227 workers across the globe.

The official website for LexinFintech is www.lexin.com.

LexinFintech's mailing address is 27/F CES TOWER 3099 KE YUAN SOUTH ROAD NANSHAN DISTRICT, SHENZHEN F4, 518057. The company can be reached via phone at 86-755-3637-8888 or via email at [email protected]