LendingClub Co. (NYSE:LC) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of LendingClub Co. (NYSE:LC - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $16.63.

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $17.00 price objective (up previously from $14.00) on shares of LendingClub in a report on Monday, December 2nd. Compass Point upped their price target on LendingClub from $15.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Piper Sandler increased their price target on LendingClub from $15.00 to $20.00 and gave the stock an "overweight" rating in a research report on Friday. Keefe, Bruyette & Woods boosted their price objective on LendingClub from $15.00 to $17.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. Finally, Wedbush lifted their price target on shares of LendingClub from $14.00 to $17.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th.

LendingClub Trading Down 1.6 %

LC traded down $0.28 during midday trading on Monday, hitting $17.23. 1,427,267 shares of the company were exchanged, compared to its average volume of 1,445,448. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 37.46 and a beta of 2.03. The company's 50 day simple moving average is $15.84 and its 200 day simple moving average is $12.59. LendingClub has a 1-year low of $7.48 and a 1-year high of $18.75.

LendingClub (NYSE:LC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.06. The company had revenue of $201.90 million during the quarter, compared to analysts' expectations of $190.40 million. LendingClub had a return on equity of 4.02% and a net margin of 6.85%. LendingClub's quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the business earned $0.05 earnings per share. On average, equities analysts anticipate that LendingClub will post 0.47 EPS for the current year.

Insider Activity

In other LendingClub news, CEO Scott Sanborn sold 17,000 shares of LendingClub stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $16.12, for a total value of $274,040.00. Following the sale, the chief executive officer now owns 1,312,184 shares in the company, valued at $21,152,406.08. The trade was a 1.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Morris sold 2,500 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $14.36, for a total value of $35,900.00. Following the transaction, the director now owns 203,348 shares of the company's stock, valued at approximately $2,920,077.28. This represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,500 shares of company stock worth $1,158,610 over the last three months. Insiders own 3.31% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in shares of LendingClub by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,898,545 shares of the credit services provider's stock worth $49,901,000 after purchasing an additional 300,536 shares during the period. State Street Corp boosted its position in shares of LendingClub by 2.2% during the third quarter. State Street Corp now owns 3,896,816 shares of the credit services provider's stock worth $44,541,000 after buying an additional 82,315 shares during the period. Geode Capital Management LLC grew its stake in shares of LendingClub by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,559,805 shares of the credit services provider's stock valued at $29,265,000 after buying an additional 42,429 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of LendingClub by 24.8% in the 2nd quarter. American Century Companies Inc. now owns 1,658,679 shares of the credit services provider's stock valued at $14,032,000 after buying an additional 329,279 shares during the period. Finally, Point72 Asset Management L.P. boosted its holdings in LendingClub by 98.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,547,342 shares of the credit services provider's stock valued at $17,686,000 after acquiring an additional 766,287 shares during the period. Hedge funds and other institutional investors own 74.08% of the company's stock.

About LendingClub

LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.