LendingClub Corp (NYSE:LC) – Research analysts at Wedbush issued their Q2 2018 earnings estimates for shares of LendingClub in a report released on Friday. Wedbush analyst H. Coffey anticipates that the credit services provider will post earnings per share of ($0.01) for the quarter. Wedbush has a “Hold” rating and a $6.00 price objective on the stock. Wedbush also issued estimates for LendingClub’s Q3 2018 earnings at $0.00 EPS and Q4 2018 earnings at $0.00 EPS.

LC has been the topic of a number of other research reports. ValuEngine raised LendingClub from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Vetr cut LendingClub from a “buy” rating to a “hold” rating and set a $6.55 price target on the stock. in a report on Monday, September 4th. Canaccord Genuity reaffirmed a “hold” rating and set a $7.00 price target on shares of LendingClub in a report on Monday, November 6th. Credit Suisse Group lowered their price objective on shares of LendingClub from $7.50 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 8th. Finally, BidaskClub lowered shares of LendingClub from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $6.67.

Shares of LendingClub (LC) opened at $3.51 on Monday. The company has a current ratio of 18.02, a quick ratio of 16.90 and a debt-to-equity ratio of 3.52. LendingClub has a twelve month low of $3.29 and a twelve month high of $6.78.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. purchased a new position in LendingClub during the 3rd quarter worth approximately $3,373,000. PEAK6 Investments L.P. grew its position in LendingClub by 91.9% during the 3rd quarter. PEAK6 Investments L.P. now owns 152,673 shares of the credit services provider’s stock worth $930,000 after purchasing an additional 73,126 shares in the last quarter. First Republic Investment Management Inc. grew its position in LendingClub by 5.7% during the 3rd quarter. First Republic Investment Management Inc. now owns 802,539 shares of the credit services provider’s stock worth $4,887,000 after purchasing an additional 43,247 shares in the last quarter. Jackson Square Partners LLC grew its position in LendingClub by 2.8% during the 3rd quarter. Jackson Square Partners LLC now owns 9,883,742 shares of the credit services provider’s stock worth $60,191,000 after purchasing an additional 273,650 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of LendingClub during the 3rd quarter valued at $804,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

In other LendingClub news, COO Sameer Gulati sold 8,141 shares of LendingClub stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $6.02, for a total transaction of $49,008.82. Following the transaction, the chief operating officer now directly owns 288,637 shares in the company, valued at approximately $1,737,594.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Thomas W. Casey acquired 10,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were purchased at an average price of $4.17 per share, for a total transaction of $41,700.00. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 88,765 shares of company stock worth $458,573. 9.72% of the stock is currently owned by company insiders.

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About LendingClub

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.

Earnings History and Estimates for LendingClub (NYSE:LC)

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