LendingClub Corp. (NYSE:LC) insider John Macilwaine sold 50,000 shares of the firm’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $5.74, for a total value of $287,000.00. Following the sale, the insider now directly owns 409,308 shares of the company’s stock, valued at approximately $2,349,427.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

John Macilwaine also recently made the following trade(s):

  • On Monday, October 17th, John Macilwaine sold 25,000 shares of LendingClub Corp. stock. The stock was sold at an average price of $5.09, for a total value of $127,250.00.
  • On Tuesday, October 18th, John Macilwaine sold 50,000 shares of LendingClub Corp. stock. The stock was sold at an average price of $5.01, for a total value of $250,500.00.

Shares of LendingClub Corp. (NYSE:LC) opened at 6.31 on Tuesday. The firm’s 50-day moving average price is $5.52 and its 200-day moving average price is $5.18. The stock’s market capitalization is $2.49 billion. LendingClub Corp. has a one year low of $3.44 and a one year high of $14.40.

LendingClub Corp. (NYSE:LC) last issued its earnings results on Monday, November 7th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.03. The business had revenue of $112.60 million for the quarter, compared to analyst estimates of $103.31 million. LendingClub Corp. had a negative return on equity of 6.68% and a negative net margin of 21.75%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the company posted $0.04 EPS. Equities research analysts anticipate that LendingClub Corp. will post ($0.12) EPS for the current fiscal year.

Insider Buying and Selling by Quarter for LendingClub Corp. (NYSE:LC)

Several research firms have issued reports on LC. Canaccord Genuity reissued a “hold” rating and set a $7.00 target price on shares of LendingClub Corp. in a research note on Tuesday, November 8th. FBR & Co set a $7.00 price objective on LendingClub Corp. and gave the company a “hold” rating in a research note on Sunday, October 16th. Morgan Stanley raised LendingClub Corp. from an “equal weight” rating to an “overweight” rating and set a $7.00 price objective for the company in a research note on Thursday, November 3rd. Pacific Crest reaffirmed a “hold” rating on shares of LendingClub Corp. in a research note on Tuesday, August 9th. Finally, Vetr cut LendingClub Corp. from a “strong-buy” rating to a “buy” rating and set a $5.11 price objective for the company. in a research note on Monday, July 18th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. LendingClub Corp. presently has a consensus rating of “Hold” and a consensus target price of $11.79.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tocqueville Asset Management L.P. raised its position in shares of LendingClub Corp. by 1.5% in the second quarter. Tocqueville Asset Management L.P. now owns 56,031 shares of the company’s stock valued at $241,000 after buying an additional 850 shares during the period. Clinton Group Inc. raised its position in shares of LendingClub Corp. by 2.2% in the second quarter. Clinton Group Inc. now owns 113,982 shares of the company’s stock valued at $490,000 after buying an additional 2,503 shares during the period. BlackRock Inc. raised its position in shares of LendingClub Corp. by 0.5% in the third quarter. BlackRock Inc. now owns 657,814 shares of the company’s stock valued at $4,065,000 after buying an additional 3,045 shares during the period. Evergreen Capital Management LLC raised its position in shares of LendingClub Corp. by 0.7% in the third quarter. Evergreen Capital Management LLC now owns 516,285 shares of the company’s stock valued at $3,190,000 after buying an additional 3,575 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of LendingClub Corp. by 22.0% in the third quarter. Prudential Financial Inc. now owns 20,920 shares of the company’s stock valued at $129,000 after buying an additional 3,770 shares during the period. 81.27% of the stock is currently owned by institutional investors and hedge funds.

LendingClub Corp. Company Profile

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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