LendingClub Corporation (NYSE:LC) Director Daniel T. Ciporin acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $5.92 per share, for a total transaction of $59,200.00. Following the completion of the acquisition, the director now owns 1,014,809 shares in the company, valued at approximately $6,007,669.28. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of LendingClub Corporation (LC) traded up 2.23% during midday trading on Friday, hitting $5.96. 12,698,049 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $5.45 and its 200-day moving average is $5.62. LendingClub Corporation has a 1-year low of $4.64 and a 1-year high of $6.78. The stock’s market cap is $2.45 billion.

LendingClub Corporation (NYSE:LC) last announced its quarterly earnings results on Monday, August 7th. The credit services provider reported ($0.06) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.06). LendingClub Corporation had a negative net margin of 24.52% and a negative return on equity of 11.97%. The firm had revenue of $139.60 million for the quarter, compared to analysts’ expectations of $134.02 million. During the same period in the previous year, the company posted ($0.09) earnings per share. LendingClub Corporation’s revenue was up 35.0% compared to the same quarter last year. Analysts predict that LendingClub Corporation will post $0.04 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of LC. SG Americas Securities LLC boosted its position in LendingClub Corporation by 0.4% in the first quarter. SG Americas Securities LLC now owns 43,485 shares of the credit services provider’s stock worth $239,000 after buying an additional 171 shares during the last quarter. Amalgamated Bank boosted its position in LendingClub Corporation by 0.7% in the second quarter. Amalgamated Bank now owns 41,156 shares of the credit services provider’s stock worth $227,000 after buying an additional 276 shares during the last quarter. Prudential Financial Inc. boosted its position in LendingClub Corporation by 3.6% in the first quarter. Prudential Financial Inc. now owns 21,680 shares of the credit services provider’s stock worth $119,000 after buying an additional 760 shares during the last quarter. Malaga Cove Capital LLC boosted its position in LendingClub Corporation by 3.7% in the first quarter. Malaga Cove Capital LLC now owns 27,800 shares of the credit services provider’s stock worth $147,000 after buying an additional 1,000 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in LendingClub Corporation by 4.3% in the second quarter. Nisa Investment Advisors LLC now owns 36,240 shares of the credit services provider’s stock worth $200,000 after buying an additional 1,500 shares during the last quarter. 91.72% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently commented on LC. UBS AG upgraded shares of LendingClub Corporation from a “neutral” rating to a “positive” rating in a report on Monday, May 1st. Zacks Investment Research lowered shares of LendingClub Corporation from a “buy” rating to a “hold” rating in a report on Friday. Vetr lowered shares of LendingClub Corporation from a “strong-buy” rating to a “hold” rating and set a $6.55 price objective on the stock. in a report on Wednesday, August 9th. Stifel Nicolaus restated a “hold” rating and issued a $6.50 price objective on shares of LendingClub Corporation in a report on Thursday, August 10th. Finally, Wedbush set a $6.00 price objective on shares of LendingClub Corporation and gave the stock a “hold” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. LendingClub Corporation has an average rating of “Hold” and an average price target of $6.78.

LendingClub Corporation Company Profile

LendingClub Corporation 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 has been closed to many investors and only available on a limited basis to large institutional investors.

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

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