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 stock has increased by 36.8% and is now trading at $13.27. 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) announced its earnings results on Thursday, June, 4th. The company reported ($3.28) EPS for the quarter, missing the consensus estimate of $0.95 by $4.23. The business 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 quarterly revenue was up 40.9% on a year-over-year basis. During the same quarter last year, the business earned $3.44 EPS. View LexinFintech's earnings history.

6 brokers have issued 12-month target prices for LexinFintech's stock. Their forecasts range from $12.34 to $22.00. On average, they anticipate LexinFintech's stock price to reach $15.70 in the next year. This suggests a possible upside of 18.3% from the stock's current price. View analysts' price targets for LexinFintech.

News coverage about LX stock has trended negative recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. LexinFintech earned a news impact score of -2.3 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. 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), Qudian (QD), 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 (IPO) 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 served 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 retail and institutional investors. Top institutional investors 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 $13.27.

LexinFintech has a market capitalization of $2.33 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]