LendingClub Corp. (NYSE:LC) – Analysts at Oppenheimer Holdings cut their FY2018 earnings per share (EPS) estimates for LendingClub Corp. in a research note issued on Monday. Oppenheimer Holdings analyst J. Kelly now forecasts that the brokerage will earn $0.04 per share for the year, down from their previous forecast of $0.06. Oppenheimer Holdings currently has a “Market Perform” rating on the stock.

Several other equities analysts have also issued reports on LC. BTIG Research set a $9.00 price target 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 price target on the stock. in a research note on Monday, July 18th. Craig Hallum raised LendingClub Corp. from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research note on Friday, October 28th. Morgan Stanley reaffirmed an “equal weight” rating on shares of LendingClub Corp. in a research note on Monday, September 12th. Finally, Zacks Investment Research raised LendingClub Corp. from a “sell” rating to a “hold” rating in a research note on Friday, July 15th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company’s stock. LendingClub Corp. has an average rating of “Hold” and a consensus target price of $11.79.

Earnings History and Estimates for LendingClub Corp. (NYSE:LC)

LendingClub Corp. (NYSE:LC) traded up 4.24% during mid-day trading on Thursday, hitting $6.14. 11,922,405 shares of the stock were exchanged. The company has a 50 day moving average price of $5.52 and a 200 day moving average price of $5.18. LendingClub Corp. has a 52 week low of $3.44 and a 52 week high of $14.40. The stock’s market cap is $2.40 billion.

LendingClub Corp. (NYSE:LC) last posted its quarterly earnings data on Monday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $112.60 million for 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%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 earnings per share.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in LendingClub Corp. by 97.1% in the first quarter. Wellington Management Group LLP now owns 7,549,341 shares of the company’s stock worth $62,659,000 after buying an additional 3,719,295 shares in the last quarter. AMP Capital Investors Ltd increased its position in LendingClub Corp. by 16.1% in the first quarter. AMP Capital Investors Ltd now owns 316,577 shares of the company’s stock worth $2,567,000 after buying an additional 43,937 shares in the last quarter. Bayesian Capital Management LP increased its position in LendingClub Corp. by 41.3% in the first quarter. Bayesian Capital Management LP now owns 22,907 shares of the company’s stock worth $190,000 after buying an additional 6,700 shares in the last quarter. First Republic Investment Management Inc. bought a new position in LendingClub Corp. during the first quarter worth $535,000. Finally, BNP Paribas Arbitrage SA increased its position in LendingClub Corp. by 1,384.5% in the second quarter. BNP Paribas Arbitrage SA now owns 144,557 shares of the company’s stock worth $622,000 after buying an additional 134,819 shares in the last quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

In other LendingClub Corp. news, insider Sandeep Bhandari sold 9,771 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $5.55, for a total value of $54,229.05. Following the completion of the transaction, the insider now directly owns 219,600 shares in the company, valued at $1,218,780. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Sameer Gulati sold 6,105 shares of the firm’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $6.08, for a total value of $37,118.40. Following the completion of the transaction, the insider now owns 958,692 shares of the company’s stock, valued at $5,828,847.36. The disclosure for this sale can be found here. Corporate insiders own 11.40% 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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