In yesterday’s Wall Street session, LexinFintech Holdings Ltd. (NASDAQ:LX) shares traded at $3.00, up 5.63% from the previous session.
4 analysts cover LexinFintech Holdings Ltd. (NASDAQ:LX), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $33.88 and a low of $20.00, we find $23.56. Given the previous closing price of $2.84, this indicates a potential upside of 729.58 percent. LX stock price is now 23.10% away from the 50-day moving average and 26.96% away from the 200-day moving average. The market capitalization of the company currently stands at $446.94M.
The stock has received a hold rating from 0 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $25.25 as their price target over the next twelve months.
With the price target maintained at $3.45, CLSA recently Upgraded its rating from Outperform to Buy for LexinFintech Holdings Ltd. (NASDAQ: LX).
A total of 2.77% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LX stock. A new stake in LexinFintech Holdings Ltd. shares was purchased by AWH CAPITAL, L.P. during the first quarter worth $1,028,000. ACADIAN ASSET MANAGEMENT LLC invested $812,000 in shares of LX during the first quarter. In the first quarter, O’SHAUGHNESSY ASSET MANAGEMENT, LLC acquired a new stake in LexinFintech Holdings Ltd. valued at approximately $482,000. BANK OF NEW YORK MELLON CORP acquired a new stake in LX for approximately $85,000. ALLIANZ ASSET MANAGEMENT GMBH purchased a new stake in LX valued at around $72,000 in the second quarter.
On Monday morning LexinFintech Holdings Ltd. (NASDAQ: LX) stock kicked off with the opening price of $2.9200. During the past 12 months, LexinFintech Holdings Ltd. has had a low of $1.26 and a high of $3.86. As of last week, the company has a debt-to-equity ratio of 1.11, a current ratio of 1.50, and a quick ratio of 1.50. According to the stock market information, the enterprise value for the company is $1.58B, which is based on a 3.87 price-to-earnings ratio, a 1.64 price-to-earnings-growth ratio, and a beta of 0.76. The fifty day moving average price for LX is $2.4447 and a two-hundred day moving average price translates $2.3703 for the stock.
The latest earnings results from LexinFintech Holdings Ltd. (NASDAQ: LX) was released for Mar, 2023. According to the Credit Services Company, earnings per share came in at $0.55, beating analysts’ expectations of $0.43 by 0.12. This compares to $0.07 EPS in the same period last year. The net profit margin was 9.60% and return on equity was 12.50% for LX. The company reported revenue of $434.34 million for the quarter, compared to $270.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 60.8 percent. For the current quarter, analysts expect LX to generate $335.25M in revenue.
LexinFintech Holdings Ltd.(LX) Company Profile
LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People’s Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending. It also provides technology-driven platform services for financial institution customers and partners to increase revenues, manage financial risks, enhance operating efficiency and service quality, enhance collections, and reduce overall costs; Maiya application, a location-based services shopping experience with buy-now and pay-later options; and Juzi Licai, an online investment platform. In addition, the company offers technical support and consulting, software development, financing guarantee, and financial technology services. The company was formerly known as Staging Finance Holding Ltd. and changed its name to LexinFintech Holdings Ltd. in March 2017. LexinFintech Holdings Ltd. was founded in 2013 and is headquartered in Shenzhen, the People’s Republic of China.
