Trade Report: Today, LendingClub Corp.’s (LC) Market Perform Rating Reaffirm at Keefe, Bruyette & Woods

Today, LendingClub Corp.’s (LC) Market Perform Rating Reaffirm at Keefe, Bruyette & Woods

LendingClub Corp. (NYSE:LC)‘s stock had its “market perform” rating reiterated by analysts at Keefe, Bruyette & Woods in a research report issued on Tuesday. They presently have a $5.00 target price on the stock. Keefe, Bruyette & Woods’ price objective points to a potential downside of 15.82% from the company’s previous close.

A number of other research firms have also recently commented on LC. BTIG Research set a $9.00 target price on LendingClub Corp. and gave the company a “buy” rating in a research note on Tuesday, August 9th. Vetr lowered LendingClub Corp. from a “strong-buy” rating to a “buy” rating and set a $5.11 target price on the stock. in a research note on Monday, July 18th. Craig Hallum upgraded LendingClub Corp. from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a research note on Friday, October 28th. Morgan Stanley reiterated an “equal weight” rating on shares of LendingClub Corp. in a research note on Monday, September 12th. Finally, Zacks Investment Research upgraded LendingClub Corp. from a “sell” rating to a “hold” rating in a research note on Friday, July 15th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $11.86.

LendingClub Corp. (NYSE:LC) remained flat at $5.94 during mid-day trading on Tuesday. The stock had a trading volume of 2,655,233 shares. LendingClub Corp. has a one year low of $3.44 and a one year high of $14.40. The company’s market capitalization is $2.34 billion. The company’s 50-day moving average price is $5.51 and its 200 day moving average price is $5.09.

LendingClub Corp. (NYSE:LC) last released its earnings results on Monday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.03. The firm earned $112.60 million during the quarter, compared to analyst estimates of $103.31 million. LendingClub Corp. had a negative net margin of 21.75% and a negative return on equity of 6.68%. During the same quarter last year, the business earned $0.04 EPS. The business’s revenue was down 2.2% on a year-over-year basis. Analysts anticipate that LendingClub Corp. will post ($0.12) EPS for the current fiscal year.

In related news, CEO Scott Sanborn sold 46,138 shares of LendingClub Corp. stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $6.18, for a total transaction of $285,132.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Macilwaine sold 50,000 shares of LendingClub Corp. stock in a transaction that occurred on Tuesday, October 18th. The shares were sold at an average price of $5.01, for a total value of $250,500.00. Following the transaction, the insider now owns 409,308 shares of the company’s stock, valued at $2,050,633.08. The disclosure for this sale can be found here. 11.40% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SHANDA ASSET MANAGEMENT HOLDINGS Ltd boosted its position in shares of LendingClub Corp. by 1,383.7% in the second quarter. SHANDA ASSET MANAGEMENT HOLDINGS Ltd now owns 57,739,270 shares of the company’s stock valued at $248,279,000 after buying an additional 53,847,715 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of LendingClub Corp. by 12.7% in the second quarter. Vanguard Group Inc. now owns 21,815,353 shares of the company’s stock valued at $93,806,000 after buying an additional 2,450,950 shares in the last quarter. Morgan Stanley boosted its position in shares of LendingClub Corp. by 73.6% in the third quarter. Morgan Stanley now owns 14,389,243 shares of the company’s stock valued at $88,926,000 after buying an additional 6,099,557 shares in the last quarter. Credit Suisse AG boosted its position in shares of LendingClub Corp. by 14.2% in the third quarter. Credit Suisse AG now owns 10,909,467 shares of the company’s stock valued at $67,421,000 after buying an additional 1,353,114 shares in the last quarter. Finally, Jackson Square Partners LLC boosted its position in shares of LendingClub Corp. by 9.8% in the second quarter. Jackson Square Partners LLC now owns 10,109,634 shares of the company’s stock valued at $43,471,000 after buying an additional 905,734 shares in the last quarter. Institutional investors own 82.67% of the company’s stock.

LendingClub Corp. Company Profile

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