ValuEngine upgraded shares of LendingClub (NYSE:LC) from a buy rating to a strong-buy rating in a research note released on Monday, ValuEngine reports.

LC has been the topic of several other research reports. Zacks Investment Research upgraded HB Fuller from a sell rating to a hold rating in a report on Wednesday, July 3rd. Wedbush reiterated an outperform rating on shares of Purple Innovation in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $23.75.

LendingClub stock opened at $16.48 on Monday. The firm has a 50-day moving average price of $4.01. The company has a market capitalization of $1.33 billion, a PE ratio of -235.43 and a beta of 1.59. LendingClub has a 12-month low of $12.30 and a 12-month high of $22.75. The company has a debt-to-equity ratio of 2.27, a quick ratio of 3.93 and a current ratio of 4.88.

LendingClub (NYSE:LC) last posted its quarterly earnings results on Tuesday, May 7th. The credit services provider reported ($0.15) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.15). The business had revenue of $174.40 million for the quarter, compared to analysts’ expectations of $170.45 million. LendingClub had a negative return on equity of 3.19% and a negative net margin of 16.31%. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 earnings per share. Research analysts predict that LendingClub will post -0.04 earnings per share for the current fiscal year.

In other LendingClub news, insider Valerie Kay sold 9,500 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $3.10, for a total value of $29,450.00. Following the transaction, the insider now owns 241,851 shares of the company’s stock, valued at $749,738.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mary G. Meeker sold 100,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $3.57, for a total value of $357,000.00. The disclosure for this sale can be found here. Insiders sold 1,045,833 shares of company stock worth $3,517,142 in the last three months. Insiders own 4.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in shares of LendingClub during the first quarter worth about $60,000. United Services Automobile Association raised its position in shares of LendingClub by 21.3% during the fourth quarter. United Services Automobile Association now owns 70,999 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 12,474 shares during the period. Banque Pictet & Cie SA acquired a new stake in shares of LendingClub during the first quarter worth about $204,000. D. E. Shaw & Co. Inc. raised its position in shares of LendingClub by 6.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 89,307 shares of the credit services provider’s stock worth $235,000 after purchasing an additional 5,771 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in shares of LendingClub by 248.3% during the first quarter. BNP Paribas Arbitrage SA now owns 76,299 shares of the credit services provider’s stock worth $236,000 after purchasing an additional 54,392 shares during the period. 87.87% of the stock is currently owned by hedge funds and other institutional investors.

LendingClub Company Profile

LendingClub Corporation operates an online lending marketplace platform that connects borrowers and investors in the United States. The company's marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, unsecured education and patient installment loans, auto refinance loans, and small business loans.

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