Brokerage firm Citigroup Maintains its rating on LendingClub Corp(NYSE:LC). The shares have been rated Neutral. The rating by Citigroup was issued on Aug 9, 2016.
In a different note, On Aug 9, 2016, Credit Suisse said it Maintains its rating on LendingClub Corp. In the research note, the firm Lowers the price-target to $9.00 per share. The shares have been rated ‘Neutral’ by the firm. Oppenheimer said it Initiates Coverage on LendingClub Corp, according to a research note issued on Aug 4, 2016. The shares have been rated ‘Perform’ by the firm. On Jun 29, 2016, Goldman Sachs said it Maintains its rating on LendingClub Corp. In the research note, the firm Raises the price-target to $4.30 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 8, 2016, Keefe Bruyette & Woods said it Upgrades its rating on LendingClub Corp. In the research note, the firm Raises the price-target to $2.00 per share. The shares have been rated ‘Market Perform’ by the firm. On May 31, 2016, Morgan Stanley said it Reinstates its rating on LendingClub Corp. The shares have been rated ‘Equal-weight’ by the firm. Macquarie said it Initiates Coverage on LendingClub Corp, according to a research note issued on May 26, 2016. The shares have been rated ‘Neutral’ by the firm.
LendingClub Corp (LC) shares turned negative on Wednesdays trading session with the shares closing down -0.1 points or -1.78% at a volume of 93,14,762. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.739. The peak price level was also seen at $5.739 while the days lowest was $5.33. Finally the shares closed at $5.53. The 52-week high of the shares is $15 while the 52-week low is $3.44. According to the latest information available, the market cap of the company is $2,163 M.
LendingClub Corp(LC) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $102.39M. Analysts had an estimated revenue of $110.65M. Earnings per share were $-0.09. Analysts had estimated an EPS of $-0.02.
Several Insider Transactions has been reported to the SEC. On Jul 28, 2016, Sameer Gulati (Chief Operations Officer) sold 5,489 shares at $4.60 per share price.Also, On Feb 19, 2016, Simon Williams (director) purchased 64,000 shares at $8.28 per share price.On Jan 15, 2016, John Macilwaine (Chief Technology Officer) sold 25,000 shares at $9.11 per share price, according to the Form-4 filing with the securities and exchange commission.
LendingClub Corporation (Lending Club) is engaged in providing online marketplace for connecting borrowers and investors. The Company’s online marketplace connects borrowers. Lending Club’s marketplace allows borrowers and investors to engage in transactions relating to standard or custom program loans. The Company’s standard program loans are a part of the standard loan program. The standard program loans are three- or five-year unsecured personal loans which are offered to borrowers. These loans can be invested in through the purchase of notes issued pursuant to a Note Registration Statement and are available through the Company’s Website. The custom program loans include small business loans super prime consumer loans education and patient finance loans and personal loans. The Company’s technology platform supports its marketplace and makes available loan products to investor channels.