LendingClub Co. (NYSE:LC) Receives Average Recommendation of “Buy” from Analysts

Shares of LendingClub Co. (NYSE:LC – Get Rating) have earned a consensus recommendation of “Buy” from the nine brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $40.80.

Several research firms recently weighed in on LC. Zacks Investment Research raised shares of LendingClub from a “sell” rating to a “hold” rating in a research note on Tuesday, April 12th. StockNews.com initiated coverage on shares of LendingClub in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Wedbush dropped their price objective on shares of LendingClub from $35.00 to $30.00 in a research note on Monday, February 7th.

In related news, SVP Fergal Stack sold 5,405 shares of LendingClub stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $14.06, for a total transaction of $75,994.30. Following the completion of the transaction, the senior vice president now directly owns 127,500 shares of the company’s stock, valued at approximately $1,792,650. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Annie Armstrong sold 2,027 shares of LendingClub stock in a transaction dated Thursday, April 28th. The stock was sold at an average price of $17.00, for a total transaction of $34,459.00. Following the transaction, the insider now directly owns 75,059 shares of the company’s stock, valued at $1,276,003. The disclosure for this sale can be found here. Insiders sold a total of 36,325 shares of company stock valued at $522,488 over the last three months. Corporate insiders own 4.48% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Hong Kong Ltd bought a new stake in LendingClub during the 4th quarter valued at about $27,000. Lazard Asset Management LLC bought a new stake in LendingClub during the 1st quarter valued at about $30,000. PNC Financial Services Group Inc. lifted its holdings in LendingClub by 367.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,607 shares of the credit services provider’s stock valued at $41,000 after buying an additional 2,049 shares in the last quarter. Emerald Advisers LLC bought a new stake in LendingClub during the 4th quarter valued at about $87,000. Finally, Daiwa Securities Group Inc. lifted its holdings in LendingClub by 45.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 4,232 shares of the credit services provider’s stock valued at $67,000 after buying an additional 1,329 shares in the last quarter. Institutional investors own 80.27% of the company’s stock.

Shares of LC stock opened at $16.10 on Friday. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 15.94 and a beta of 1.94. The company’s fifty day moving average price is $14.54 and its 200-day moving average price is $20.08. LendingClub has a one year low of $12.27 and a one year high of $49.21. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.17 and a quick ratio of 1.08.

LendingClub (NYSE:LC – Get Rating) last posted its earnings results on Wednesday, April 27th. The credit services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.13. The company had revenue of $289.50 million during the quarter, compared to analysts’ expectations of $262.43 million. LendingClub had a net margin of 10.63% and a return on equity of 26.12%. LendingClub’s quarterly revenue was up 173.6% on a year-over-year basis. During the same period last year, the company posted ($0.49) earnings per share. Equities research analysts expect that LendingClub will post 1.58 earnings per share for the current fiscal year.

LendingClub Company Profile (Get Rating)

LendingClub Corporation, operates as a bank holding company for LendingClub Bank, National Association that provides range of financial products and services through a technology-driven platform in the United States. The company provides commercial and industrial, commercial real estate, small business, and equipment loans, as well as leases equipment; and unsecured personal and auto, patient finance, and education finance loans.

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