LendingClub Corporation (LC) : Analyst Rating Update

LendingClub Corporation (LC) : 11 analysts are covering LendingClub Corporation (LC) and their average rating on the stock is 3.36, which is read as a Hold. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

LendingClub Corporation (LC) : The consensus price target for LendingClub Corporation (LC) is $5.39 for the short term with a standard deviation of $3.07. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $11, however, the pessimist price target for the company is $2.

LendingClub Corporation (NYSE:LC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.07 and $4.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.20, notching a gain of 0.72% for the day. The total traded volume was 11,377,149 . The stock had closed at $4.17 on the previous day.

Also, Equity Analysts at the Goldman Sachs maintains the rating on LendingClub Corporation (NYSE:LC). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $4.3 per share to $4.7 per share. The rating by the firm was issued on June 29, 2016. The company shares have dropped -70.49% from its 1 Year high price. On Jul 24, 2015, the shares registered one year high at $15.14 and the one year low was seen on May 17, 2016. The 50-Day Moving Average price is $4.51 and the 200 Day Moving Average price is recorded at $7.25.

LendingClub Corporation (Lending Club) is engaged in providing online marketplace for connecting borrowers and investors. The Companys online marketplace connects borrowers. Lending Clubs marketplace allows borrowers and investors to engage in transactions relating to standard or custom program loans. The Companys 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 Companys Website. The custom program loans include small business loans, super prime consumer loans, education and patient finance loans and personal loans. The Companys technology platform supports its marketplace and makes available loan products to investor channels.

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