Brokerage firm Goldman Sachs Maintains its rating on LendingClub Corp(NYSE:LC). In a research note issued to the investors, the brokerage major Raises the price-target to $4.70 per share. The shares have been rated Neutral. The rating by Goldman Sachs was issued on Jun 29, 2016.
In a different note, 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. On May 18, 2016, Goldman Sachs said it Maintains its rating on LendingClub Corp. In the research note, the firm Lowers the price-target to $7.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 11, 2016, Keefe Bruyette & Woods said it Downgrades its rating on LendingClub Corp. In the research note, the firm Lowers the price-target to $15.00 per share. The shares have been rated ‘Underperform’ by the firm. On May 10, 2016, Pacific Crest said it Downgrades its rating on LendingClub Corp. The shares have been rated ‘Sector Weight’ by the firm.
LendingClub Corp (LC) made into the market gainers list on Fridays trading session with the shares advancing 1.86% or 0.08 points. Due to strong positive momentum, the stock ended at $4.38, which is also near the day’s high of $4.49. The stock began the session at $4.37 and the volume stood at 77,86,264 shares. The 52-week high of the shares is $15.14 and the 52 week low is $3.44. The company has a current market capitalization of $1,672 M and it has 38,16,21,030 shares in outstanding.
LendingClub Corp(LC) last announced its earnings results on May 9, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $151.26M. Analysts had an estimated revenue of $148.23M. Earnings per share were $0.05. Analysts had estimated an EPS of $0.05.
Several Insider Transactions has been reported to the SEC. On Feb 19, 2016, Simon Williams (director) purchased 64,000 shares at $8.28 per share price.Also, On Jan 15, 2016, John Macilwaine (Chief Technology Officer) sold 25,000 shares at $9.11 per share price.On Jan 8, 2016, Scott Sanborn (Chief Mrktg & Optg Officer) sold 70,000 shares at $10.30 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.