Press coverage about LexinFintech (NASDAQ:LX) has trended positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news 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. LexinFintech earned a daily sentiment score of 0.29 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 48.865835823155 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

LX traded down $0.28 during trading on Friday, hitting $9.91. 564,072 shares of the stock were exchanged, compared to its average volume of 583,616. The company has a market capitalization of $1.72 billion and a P/E ratio of 45.05. LexinFintech has a 1 year low of $9.55 and a 1 year high of $20.00. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

A number of equities research analysts recently issued reports on LX shares. Zacks Investment Research lowered LexinFintech from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 30th. Bank of America decreased their price target on LexinFintech from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, August 27th. Finally, Goldman Sachs Group lowered LexinFintech from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 13th.

LexinFintech Company Profile

LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young adults in the People's Republic of China. The company operates Fenqile, an online consumer finance platform that offers personal installment loans, installment purchase loans, and other loan products, as well as Le Card credit line.

Further Reading: Leveraged Buyout (LBO)

Insider Buying and Selling by Quarter for LexinFintech (NASDAQ:LX)

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