LendingClub Co. (NYSE:LC) Receives $15.75 Consensus PT from Analysts

Shares of LendingClub Co. (NYSE:LC) have been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $15.75.

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of LendingClub from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. StockNews.com cut LendingClub from a “hold” rating to a “sell” rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price target on LendingClub from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, March 10th. Finally, Piper Sandler reiterated an “overweight” rating and set a $19.00 price objective (down previously from $20.00) on shares of LendingClub in a research note on Wednesday, January 29th.

Insider Buying and Selling at LendingClub

In other news, Director Michael P. Zeisser bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, April 30th. The shares were bought at an average price of $9.35 per share, with a total value of $187,000.00. Following the completion of the transaction, the director now owns 174,138 shares of the company’s stock, valued at $1,628,190.30. This trade represents a 12.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Jordan Cheng sold 7,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $14.10, for a total value of $98,700.00. Following the completion of the sale, the general counsel now owns 88,263 shares of the company’s stock, valued at $1,244,508.30. This trade represents a 7.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,750 shares of company stock worth $257,985 over the last 90 days. Company insiders own 3.19% of the company’s stock.

Institutional Trading of LendingClub

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC raised its position in shares of LendingClub by 2.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 27,248 shares of the credit services provider’s stock valued at $441,000 after buying an additional 748 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in LendingClub by 9.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 11,563 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 984 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of LendingClub by 1.2% in the 1st quarter. SummerHaven Investment Management LLC now owns 90,565 shares of the credit services provider’s stock valued at $935,000 after purchasing an additional 1,066 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of LendingClub by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,230 shares of the credit services provider’s stock valued at $178,000 after purchasing an additional 1,730 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of LendingClub by 49.2% in the 4th quarter. Jones Financial Companies Lllp now owns 5,986 shares of the credit services provider’s stock valued at $97,000 after purchasing an additional 1,975 shares during the last quarter. Institutional investors and hedge funds own 74.08% of the company’s stock.

LendingClub Stock Performance

Shares of NYSE LC opened at $11.39 on Friday. LendingClub has a 52-week low of $7.81 and a 52-week high of $18.75. The stock has a market cap of $1.30 billion, a P/E ratio of 25.31 and a beta of 2.35. The firm has a 50 day moving average price of $10.26 and a 200 day moving average price of $13.46.

LendingClub (NYSE:LC) last announced its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $217.71 million during the quarter, compared to analyst estimates of $213.71 million. LendingClub had a net margin of 6.52% and a return on equity of 4.16%. The firm’s revenue was up 21670.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. Analysts predict that LendingClub will post 0.72 earnings per share for the current fiscal year.

LendingClub Company Profile

LendingClub Corporation, operates as a bank holding company, 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.