LendingClub Co. (NYSE:LC) Receives $16.63 Consensus PT from Analysts

Shares of LendingClub Co. (NYSE:LC) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $16.63.

Several research analysts recently issued reports on LC shares. Keefe, Bruyette & Woods raised their target price on LendingClub from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Wedbush lifted their price objective on LendingClub from $14.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Maxim Group increased their target price on shares of LendingClub from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, October 25th. StockNews.com downgraded shares of LendingClub from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Finally, Compass Point increased their price objective on shares of LendingClub from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, October 25th.

Insider Activity

In other LendingClub news, Director John C. Morris sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $14.36, for a total transaction of $35,900.00. Following the completion of the sale, the director now directly owns 203,348 shares of the company’s stock, valued at approximately $2,920,077.28. The trade was a 1.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Jordan Cheng sold 22,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $14.83, for a total value of $326,260.00. Following the completion of the sale, the general counsel now directly owns 89,385 shares of the company’s stock, valued at approximately $1,325,579.55. This trade represents a 19.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,500 shares of company stock worth $1,158,610 over the last quarter. 3.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LendingClub

Several institutional investors have recently bought and sold shares of the stock. AlphaMark Advisors LLC bought a new stake in shares of LendingClub in the 3rd quarter worth $32,000. FMR LLC boosted its holdings in LendingClub by 32.1% during the third quarter. FMR LLC now owns 5,865 shares of the credit services provider’s stock worth $67,000 after purchasing an additional 1,424 shares during the last quarter. Blue Trust Inc. grew its position in LendingClub by 259.8% in the 3rd quarter. Blue Trust Inc. now owns 7,267 shares of the credit services provider’s stock worth $83,000 after purchasing an additional 5,247 shares in the last quarter. Alpha Cubed Investments LLC purchased a new stake in LendingClub in the 3rd quarter valued at about $170,000. Finally, Princeton Capital Management LLC bought a new position in shares of LendingClub during the 3rd quarter worth approximately $171,000. Institutional investors own 74.08% of the company’s stock.

LendingClub Trading Down 5.8 %

NYSE:LC opened at $15.00 on Monday. The stock’s 50-day moving average is $16.02 and its 200-day moving average is $12.87. LendingClub has a 1-year low of $7.48 and a 1-year high of $18.75. The stock has a market cap of $1.69 billion, a P/E ratio of 32.61 and a beta of 2.03.

LendingClub (NYSE:LC) last posted its earnings results on Wednesday, October 23rd. The credit services provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The firm had revenue of $201.90 million for the quarter, compared to analyst estimates of $190.40 million. LendingClub had a net margin of 6.85% and a return on equity of 4.02%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 EPS. As a group, equities analysts forecast that LendingClub will post 0.47 EPS for the current year.

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.