Finance

Traders Alert: Ocwen Financial Corporation (NYSE:OCN), LendingClub Corporation (NYSE:LC)

Ocwen Financial Corporation (NYSE:OCN)

Ocwen Financial Corporation is a financial services holding company engaged in asset acquisition and resolution, residential finance, commercial finance, investment management and hotel operations. The Company primarily specializes in the aquisition and resolution of non-performing or underperforming loans.

Ocwen Financial Corporation (NYSE:OCN)’s Financial Overview

Ocwen Financial Corporation (NYSE) surged 0% yesterday to close its trading session at $1.89. The company has 1 year Price Target of $4. Ocwen Financial Corporation has 52-Week high of $4.84 and 52-Week Low of $1.8. The stock touched its 52-Week High on 4.84 and 52-Week Low on 1.80. The stock traded with the volume of 0 shares yesterday. The firm shows the market capitalization of $251.88 Million.

Ocwen Financial Corporation (NYSE) reported its last quarterly earnings on 9/29/2018 where the firm reported its Actual EPS of $-0.31/share against the analyst consensus estimate of $-0.16/share. The difference between the actual and expected EPS is $-0.15 a share with a surprise factor of -93.8%.

The firm is trading with SMA20 of -22.59 Percent, SMA50 of -42.05 Percent and SMA200 of -52.49 percent. Ocwen Financial Corporation has P/S value of 0.24 while its P/B value stands at 0.45. Similarly, the company has Return on Assets of -1.3 percent, Return on Equity of -19.3 percent and Return on Investment of 4 Percent. The company shows Gross Margin and Operating Margin of 82.2 percent and 22.5 percent respectively.

The Stock currently has Analyst’ mean Recommendation of 3 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell.

The 1 analysts offering 12-month price forecasts for Ocwen Financial Corp have a median target of 4.00, with a high estimate of 4.00 and a low estimate of 4.00. The median estimate represents a +111.64% increase from the last price of 1.89.

Our vendor, Zacks Investment Research, hasn’t provided us with the upcoming earnings report date.

LendingClub Corporation (NYSE:LC)

LendingClub Corporation provides internet financial services. The Company offers online marketplace for loan approval, pricing, servicing and support operations as well as regulatory and legal framework which connects borrowers and investors. LendingClub Corporation is headquartered in San Francisco, California.

LendingClub Corporation (NYSE:LC)’s Financial Outlook

The 14 analysts offering 12-month price forecasts for LendingClub Corp have a median target of 5.00, with a high estimate of 7.00 and a low estimate of 3.50. The median estimate represents a +57.73% increase from the last price of 3.17.

Our vendor, Zacks Investment Research, hasn’t provided us with the upcoming earnings report date.

According to Zacks Investment Research, LendingClub Corporation has a Consensus Recommendation of 2.78. (The Scale is from 1-5 where 1 means Strong Buy and 5 means Strong Sell).

The Stock surged 0% and closed its last trading session at $3.17. The company has the market capitalization of $1.36 Billion. The stock has 52-week high of $4.55 and 52-Week low of $2.57. The firm touched its 52-Week high on 4.55 and 52-Week low on 2.57. The company has volume of 0 shares. The company has a total of 428.69 Million shares outstanding.

LendingClub Corporation (NYSE) in the last quarter reported its actual EPS of $0.03/share where the analyst estimated EPS was $0.02/share. The difference between the actual and Estimated EPS is $0.01. This shows a surprise factor of 50 percent.

The company has YTD performance of -23.24 percent. Beta for LendingClub Corporation stands at 1.38 while its ATR (average true range) is 0.17. The company has Weekly Volatility of 4.77%% and Monthly Volatility of 5.04%%.

LendingClub Corporation has distance from 20-day Simple Moving Average (SMA20) of -7.84%, Distance from 50-Day Simple Moving Average of -9.73 percent and Distance from 200-Day Simple Moving Average of -12.19%.

The Company currently has ROA (Return on Assets) of -5 percent, Return on Equity (ROE) of -23.2 Percent and Return on Investment (ROI) of -4.9% with Gross margin of 61.2 percent and Operating & Profit margin of -18.8% and -18.9% respectively.