Shares of LendingClub Corp. (NYSE:LC) have been assigned an average recommendation of “Hold” from the twenty-three analysts that are presently covering the stock. Four research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $13.07.

A number of equities analysts have recently commented on the company. Vetr cut LendingClub Corp. from a “strong-buy” rating to a “buy” rating and set a $6.44 target price for the company. in a report on Monday, November 21st. Canaccord Genuity restated a “hold” rating and set a $7.00 price objective on shares of LendingClub Corp. in a report on Tuesday, November 8th. FBR & Co restated a “hold” rating and set a $6.50 price objective on shares of LendingClub Corp. in a report on Tuesday, November 8th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of LendingClub Corp. in a report on Tuesday, November 8th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $5.00 price objective on shares of LendingClub Corp. in a report on Tuesday, November 8th.

In related news, COO Sameer Gulati sold 5,854 shares of the company’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $4.95, for a total transaction of $28,977.30. Following the transaction, the chief operating officer now directly owns 952,838 shares of the company’s stock, valued at approximately $4,716,548.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO John Macilwaine sold 25,000 shares of the company’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $5.09, for a total value of $127,250.00. Following the transaction, the chief technology officer now directly owns 409,308 shares in the company, valued at $2,083,377.72. The disclosure for this sale can be found here. Corporate insiders own 11.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of LC. SHANDA ASSET MANAGEMENT HOLDINGS Ltd increased its stake 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 last quarter. Vanguard Group Inc. increased its stake 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 last quarter. Morgan Stanley increased its stake in LendingClub Corp. by 73.6% in the third quarter. Morgan Stanley now owns 14,389,243 shares of the company’s stock valued at $88,926,000 after buying an additional 6,099,557 shares during the last quarter. Credit Suisse AG increased its stake in LendingClub Corp. by 14.2% in the third quarter. Credit Suisse AG now owns 10,909,467 shares of the company’s stock valued at $67,421,000 after buying an additional 1,353,114 shares during the last quarter. Finally, Jackson Square Partners LLC increased its stake 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 last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

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Shares of LendingClub Corp. (NYSE:LC) opened at 5.62 on Friday. LendingClub Corp. has a 1-year low of $3.44 and a 1-year high of $14.40. The stock’s market capitalization is $2.22 billion. The stock has a 50 day moving average price of $5.49 and a 200-day moving average price of $5.12.

LendingClub Corp. (NYSE:LC) last announced its earnings results on Monday, November 7th. The company reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.03. The firm earned $112.60 million during the quarter, compared to analysts’ expectations of $103.31 million. LendingClub Corp. had a negative return on equity of 6.68% and a negative net margin of 21.75%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 EPS. On average, analysts forecast that LendingClub Corp. will post ($0.12) earnings per share for the current year.

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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