LendingClub (NYSE:LC)‘s stock had its “buy” rating reissued by equities researchers at Maxim Group in a research report issued to clients and investors on Monday. They currently have a $6.00 target price on the credit services provider’s stock, down from their previous target price of $8.00. Maxim Group’s target price would indicate a potential upside of 42.52% from the company’s current price.

A number of other analysts have also weighed in on the stock. BidaskClub lowered shares of LendingClub from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 21st. Vetr lowered shares of LendingClub from a “buy” rating to a “hold” rating and set a $6.55 price objective for the company. in a research note on Monday, September 4th. Zacks Investment Research lowered shares of LendingClub from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Needham & Company LLC assumed coverage on shares of LendingClub in a research note on Wednesday, November 1st. They issued a “buy” rating and a $7.00 price target for the company. Finally, Credit Suisse Group reduced their price target on shares of LendingClub from $7.50 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, November 8th. Two 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. LendingClub has an average rating of “Hold” and a consensus target price of $6.54.

Shares of LendingClub (NYSE:LC) opened at $4.21 on Monday. The company has a quick ratio of 16.90, a current ratio of 18.02 and a debt-to-equity ratio of 3.52. LendingClub has a 12 month low of $3.29 and a 12 month high of $6.78.

In other LendingClub news, Director John J. Mack acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $4.28 per share, with a total value of $85,600.00. Following the completion of the acquisition, the director now owns 1,513,673 shares in the company, valued at approximately $6,478,520.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Tian Qiao Chen acquired 4,000,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was acquired at an average cost of $3.80 per share, for a total transaction of $15,200,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 4,030,000 shares of company stock valued at $15,327,300 and sold 88,765 shares valued at $458,573. Insiders own 9.72% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Royce & Associates LP lifted its holdings in LendingClub by 8.9% during the second quarter. Royce & Associates LP now owns 565,365 shares of the credit services provider’s stock valued at $3,115,000 after purchasing an additional 46,000 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in LendingClub by 497.8% during the second quarter. JPMorgan Chase & Co. now owns 3,345,149 shares of the credit services provider’s stock valued at $18,432,000 after purchasing an additional 2,785,549 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in LendingClub by 1,284.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,791,600 shares of the credit services provider’s stock valued at $15,382,000 after purchasing an additional 2,590,000 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in LendingClub by 15.4% during the second quarter. Evergreen Capital Management LLC now owns 435,625 shares of the credit services provider’s stock valued at $2,400,000 after purchasing an additional 58,190 shares in the last quarter. Finally, Brighton Jones LLC purchased a new position in LendingClub during the second quarter valued at approximately $154,000. 86.84% of the stock is currently owned by institutional investors.

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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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