LendingClub Corporation (LC) : The consensus on LendingClub Corporation (LC) based on 11 analyst recommendation on the company stock is 3.18, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
LendingClub Corporation (LC) : 7 Wall Street analysts covering LendingClub Corporation (LC) believe that the average level the stock could reach for the short term is $5.7. The maximum price target given is $11 and the minimum target for short term is around $2, hence the standard deviation is calculated at $3.13.
LendingClub Corporation has dropped 6.93% in the last five trading days, however, the shares have posted positive gains of 20.74% in the last 4 weeks. LendingClub Corporation is up 18.28% in the last 3-month period. Year-to-Date the stock performance stands at -52.58%. LendingClub Corporation (NYSE:LC): On Tuesdays trading session , Opening price of the stock was $5.33 with an intraday high of $5.41. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $5.15. However, the stock managed to close at $5.24, a loss of 2.78% for the day. On the previous day, the stock had closed at $5.39. The total traded volume of the day was 8,178,118 shares.
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.