LendingClub Corp. (NYSE:LC) had its price objective boosted by equities research analysts at FBR & Co from $4.00 to $6.50 in a research report issued on Friday. The firm currently has a “market perform” rating on the stock. FBR & Co’s price objective suggests a potential upside of 30.26% from the stock’s previous close.

LC has been the topic of a number of other reports. Pacific Crest reaffirmed a “hold” rating on shares of LendingClub Corp. in a report on Tuesday, August 9th. Vetr downgraded shares of LendingClub Corp. from a “strong-buy” rating to a “buy” rating and set a $5.11 price objective for the company. in a report on Monday, July 18th. BTIG Research set a $9.00 price objective on shares of LendingClub Corp. and gave the stock a “buy” rating in a report on Tuesday, August 9th. Zacks Investment Research downgraded shares of LendingClub Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $4.30 price objective (down from $4.40) on shares of LendingClub Corp. in a report on Tuesday, June 21st. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $12.68.

Analyst Recommendations for LendingClub Corp. (NYSE:LC)

LendingClub Corp. (NYSE:LC) opened at 4.99 on Friday. The company’s market capitalization is $1.95 billion. The company’s 50-day moving average is $5.82 and its 200 day moving average is $5.50. LendingClub Corp. has a one year low of $3.44 and a one year high of $15.00.

LendingClub Corp. (NYSE:LC) last released its earnings results on Monday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.07. LendingClub Corp. had a negative return on equity of 2.93% and a negative net margin of 14.22%. The company earned $102.40 million during the quarter, compared to analysts’ expectations of $110.65 million. During the same quarter in the previous year, the company earned $0.03 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts predict that LendingClub Corp. will post ($0.14) EPS for the current year.

In other LendingClub Corp. news, COO Sameer Gulati sold 5,489 shares of the company’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $4.60, for a total transaction of $25,249.40. Following the sale, the chief operating officer now directly owns 970,623 shares of the company’s stock, valued at $4,464,865.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sandeep Bhandari sold 9,771 shares of the company’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $5.55, for a total transaction of $54,229.05. Following the sale, the insider now directly owns 219,600 shares in the company, valued at $1,218,780. The disclosure for this sale can be found here. 11.40% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. SHANDA ASSET MANAGEMENT HOLDINGS Ltd increased its position in 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 during the period. Vanguard Group Inc. increased its position in 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 during the period. Jackson Square Partners LLC increased its position in 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 during the period. Credit Suisse AG increased its position in LendingClub Corp. by 10.6% in the second quarter. Credit Suisse AG now owns 9,556,353 shares of the company’s stock valued at $41,092,000 after buying an additional 916,270 shares during the period. Finally, BlackRock Fund Advisors increased its position in LendingClub Corp. by 727.6% in the second quarter. BlackRock Fund Advisors now owns 8,206,163 shares of the company’s stock valued at $35,287,000 after buying an additional 7,214,645 shares during the period. Hedge funds and other institutional investors own 80.80% of the company’s stock.

About LendingClub Corp.

LendingClub Corporation (Lending Club) provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that is only available on a limited basis to large institutional investors.

5 Day Chart for NYSE:LC

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