Compass Point upgraded shares of LendingClub (NYSE:LC) from a sell rating to a neutral rating in a research report released on Friday.

Several other research firms have also issued reports on LC. Needham & Company LLC initiated coverage on shares of LendingClub in a research report on Wednesday, November 1st. They issued a buy rating and a $7.00 price target for the company. ValuEngine lowered shares of LendingClub from a hold rating to a sell rating in a report on Monday, October 2nd. BTIG Research reaffirmed a buy rating and set a $9.00 price objective on shares of LendingClub in a report on Wednesday, September 27th. BidaskClub lowered shares of LendingClub from a sell rating to a strong sell rating in a report on Saturday, October 21st. Finally, Morgan Stanley dropped their price objective on shares of LendingClub from $7.00 to $6.50 and set an overweight rating for the company in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $6.54.

LendingClub (NYSE LC) opened at $3.51 on Friday. LendingClub has a 52-week low of $3.29 and a 52-week high of $6.78. The company has a current ratio of 18.02, a quick ratio of 16.90 and a debt-to-equity ratio of 3.52.

In other LendingClub news, CEO Scott Sanborn sold 47,273 shares of LendingClub stock in a transaction on Monday, November 13th. The shares were sold at an average price of $4.23, for a total value of $199,964.79. Following the sale, the chief executive officer now directly owns 1,034,734 shares in the company, valued at approximately $4,376,924.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John J. Mack purchased 20,000 shares of the stock in a transaction on Monday, November 13th. The stock was acquired at an average price of $4.28 per share, for a total transaction of $85,600.00. Following the completion of the purchase, the director now directly owns 1,513,673 shares in the company, valued at approximately $6,478,520.44. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 88,765 shares of company stock worth $458,573. Company insiders own 9.72% of the company’s stock.

A number of hedge funds have recently modified their holdings of LC. Teachers Advisors LLC increased its stake in LendingClub by 4.9% in the 1st quarter. Teachers Advisors LLC now owns 567,651 shares of the credit services provider’s stock valued at $3,116,000 after buying an additional 26,710 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in LendingClub by 142.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,672,729 shares of the credit services provider’s stock valued at $20,163,000 after buying an additional 2,159,066 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in LendingClub by 4.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 36,240 shares of the credit services provider’s stock valued at $200,000 after buying an additional 1,500 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in LendingClub by 118.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 40,409 shares of the credit services provider’s stock valued at $222,000 after buying an additional 21,909 shares during the last quarter. Finally, Global X Management Co. LLC increased its stake in LendingClub by 363.6% in the 2nd quarter. Global X Management Co. LLC now owns 57,467 shares of the credit services provider’s stock valued at $317,000 after buying an additional 45,071 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

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LendingClub 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.

Analyst Recommendations for LendingClub (NYSE:LC)

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