Brokerages Set LendingClub Co. (NYSE:LC) Target Price at $11.36

LendingClub Co. (NYSE:LC) has been assigned an average rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $11.36.

Several equities research analysts have weighed in on LC shares. Wedbush cut their price target on LendingClub from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Thursday, October 26th. JPMorgan Chase & Co. increased their target price on shares of LendingClub from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 22nd. Compass Point lowered their target price on shares of LendingClub from $15.00 to $13.00 in a research note on Wednesday, October 11th. Finally, StockNews.com lowered shares of LendingClub from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jump Financial LLC lifted its stake in LendingClub by 325.1% in the 1st quarter. Jump Financial LLC now owns 120,005 shares of the credit services provider’s stock worth $865,000 after purchasing an additional 91,777 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its stake in LendingClub by 25.5% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 63,363 shares of the credit services provider’s stock worth $457,000 after purchasing an additional 12,887 shares in the last quarter. Tejara Capital Ltd lifted its stake in LendingClub by 70.5% in the 1st quarter. Tejara Capital Ltd now owns 120,886 shares of the credit services provider’s stock worth $872,000 after purchasing an additional 50,000 shares in the last quarter. Harspring Capital Management LLC lifted its stake in LendingClub by 15.7% in the 1st quarter. Harspring Capital Management LLC now owns 2,535,000 shares of the credit services provider’s stock worth $18,277,000 after purchasing an additional 343,500 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in LendingClub by 49.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 103,314 shares of the credit services provider’s stock worth $745,000 after purchasing an additional 34,224 shares in the last quarter. 75.57% of the stock is owned by hedge funds and other institutional investors.

LendingClub Price Performance

Shares of LC opened at $5.08 on Friday. The business’s 50-day moving average is $6.14 and its two-hundred day moving average is $7.62. The company has a market capitalization of $551.60 million, a P/E ratio of 10.36 and a beta of 1.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 1.03. LendingClub has a fifty-two week low of $4.73 and a fifty-two week high of $11.77.

LendingClub (NYSE:LC) last announced its quarterly earnings results on Wednesday, October 25th. The credit services provider reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $200.85 million for the quarter, compared to the consensus estimate of $199.66 million. LendingClub had a return on equity of 4.14% and a net margin of 5.56%. Research analysts predict that LendingClub will post 0.29 earnings per share for the current year.

LendingClub Company Profile

LendingClub Corporation, operates as a bank holding company for LendingClub Bank, National Association that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.