NASDAQ:LXLexinFintech Stock Price, Forecast & News

LexinFintech's stock was trading at $9.70 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LX shares have increased by 17.0% and is now trading at $11.35. 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 results on Thursday, June, 4th. The company reported ($3.28) EPS for the quarter, missing the Zacks' consensus estimate of $0.95 by $4.23. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.08 billion. LexinFintech had a return on equity of 21.92% and a net margin of 10.62%. The business's revenue was up 40.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.44 EPS. View LexinFintech's earnings history.

6 Wall Street analysts have issued 1 year target prices for LexinFintech's stock. Their forecasts range from $12.34 to $22.00. On average, they anticipate LexinFintech's share price to reach $15.70 in the next twelve months. This suggests a possible upside of 38.3% from the stock's current price. View analysts' price targets for LexinFintech.

News coverage about LX stock has been trending somewhat negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. LexinFintech earned a daily sentiment score of -1.5 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company'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), Qudian (QD), Wins Finance (WINS), Blucora (BCOR), 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 initial public offering on Thursday, December 21st 2017. The company issued 12,000,000 shares at a price of $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."

LexinFintech's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.01%).

LX stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc..

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 $11.35.

LexinFintech has a market capitalization of $1.99 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]