Shares of LendingClub Co. (NYSE:LC - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $16.00.
A number of equities research analysts recently issued reports on LC shares. Keefe, Bruyette & Woods increased their price objective on LendingClub from $15.00 to $17.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Compass Point raised their price target on shares of LendingClub from $15.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Maxim Group upped their price target on LendingClub from $16.00 to $19.00 and gave the company a "buy" rating in a research report on Friday, October 25th. StockNews.com cut LendingClub from a "hold" rating to a "sell" rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $17.00 price objective (up from $14.00) on shares of LendingClub in a report on Monday, December 2nd.
Get Our Latest Stock Report on LendingClub
LendingClub Trading Up 2.0 %
Shares of NYSE:LC traded up $0.32 during midday trading on Thursday, reaching $16.33. The company had a trading volume of 2,265,777 shares, compared to its average volume of 1,483,856. The stock has a market cap of $1.84 billion, a P/E ratio of 35.50 and a beta of 2.02. LendingClub has a 52-week low of $6.56 and a 52-week high of $17.15. The company's 50 day moving average price is $14.50 and its 200 day moving average price is $11.62.
LendingClub (NYSE:LC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.06. LendingClub had a return on equity of 4.02% and a net margin of 6.85%. The firm had revenue of $201.90 million for the quarter, compared to analysts' expectations of $190.40 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The business's revenue for the quarter was up .5% compared to the same quarter last year. Research analysts forecast that LendingClub will post 0.47 EPS for the current fiscal year.
Insider Buying and Selling at LendingClub
In other LendingClub news, General Counsel Jordan Cheng sold 22,000 shares of LendingClub stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $14.83, for a total transaction of $326,260.00. Following the transaction, the general counsel now owns 89,385 shares of the company's stock, valued at $1,325,579.55. The trade was a 19.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott Sanborn sold 17,000 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $11.09, for a total transaction of $188,530.00. Following the transaction, the chief executive officer now directly owns 1,356,273 shares of the company's stock, valued at $15,041,067.57. This trade represents a 1.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,500 shares of company stock worth $1,073,100 in the last three months. 3.31% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of LC. AlphaMark Advisors LLC purchased a new stake in shares of LendingClub in the third quarter worth approximately $32,000. FMR LLC boosted its position in LendingClub by 32.1% in the 3rd quarter. FMR LLC now owns 5,865 shares of the credit services provider's stock valued at $67,000 after buying an additional 1,424 shares during the period. nVerses Capital LLC purchased a new position in shares of LendingClub during the second quarter worth approximately $71,000. Innealta Capital LLC bought a new stake in shares of LendingClub during the second quarter valued at approximately $72,000. Finally, Blue Trust Inc. boosted its holdings in shares of LendingClub by 259.8% in the third quarter. Blue Trust Inc. now owns 7,267 shares of the credit services provider's stock valued at $83,000 after purchasing an additional 5,247 shares during the period. 74.08% of the stock is owned by hedge funds and other institutional investors.
About LendingClub
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Get Free ReportLendingClub 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.
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